Retirement plan

LYNDEN DOOR, INC. 401K RETIREMENT PLAN

Name: LYNDEN DOOR, INC. - LYNDEN DOOR, INC. 401K RETIREMENT PLAN (2022) Form 5500
Creator: LYNDEN DOOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LYNDEN DOOR, INC. 401K RETIREMENT PLAN, LYNDEN DOOR, INC.

LYNDEN DOOR, INC.EIN 91-1065124Plan #002PY 2022

PO BOX 528 - LYNDEN, WA 982640528360-354-5676lyndendoor.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$24.2M

-10.9% from 2021

Total participants

1,254

+7.3% from 2021

Average account balance

$21,102

-20.4% from 2021

Annual return

-16.71%

-30.97 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$38.65M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,227

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$25

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 · EIN 01-0233346	Recordkeeping	$9,393
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 12 · EIN 25-1759623 P.O. BOX 734602 · CHIGCAGO, IL 606734602	Claims processing; Recordkeeping and ...	$8,175

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$26 / participant

Investment mgmt$5K21.1%
Contract admin$18K78.9%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LARSON GROSS, PLLC
Auditor EIN: 911663574
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,102

$81,948-74.2%

$90,752-76.7%

$64,811-67.4%

Participation rate

87.3%

80.5%+6.8pp

75.7%+11.6pp

71.5%+15.8pp

Annual return

-16.71%

-12.53%-4.2pp

-12.16%-4.6pp

32.83%-49.5pp

Employer contribution / active EE

$1,070

$3,067-65.1%

$2,921-63.4%

$2,506-57.3%

Participant deferral / active EE

$2,243

$4,844-53.7%

$4,564-50.9%

$4,310-48.0%

Admin fee / account holder

$19

$157-87.6%

$8,446-99.8%

$188-89.6%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15 · EIN 01-0233346

Recordkeeping

$9,393

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 12 · EIN 25-1759623

P.O. BOX 734602 · CHIGCAGO, IL 606734602

Claims processing; Recordkeeping and ...

$8,175

LYNDEN DOOR, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LYNDEN DOOR, INC. 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion