Retirement plan

LIGHTHOUSE UNIFORM COMPANY 401(K) PLAN

Name: LIGHTHOUSE UNIFORMS, INC. DBA LIGHTHOUSE UNIFORM COMPANY - LIGHTHOUSE UNIFORM COMPANY 401(K) PLAN (2022) Form 5500
Creator: LIGHTHOUSE UNIFORMS, INC. DBA LIGHTHOUSE UNIFORM COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGHTHOUSE UNIFORM COMPANY 401(K) PLAN, LIGHTHOUSE UNIFORMS, INC. DBA LIGHTHOUSE UNIFORM COMPANY

LIGHTHOUSE UNIFORMS, INC. DBA LIGHTHOUSE UNIFORM COMPANYEIN 91-1103517Plan #001PY 2022

1532 15TH AVENUE WEST - SEATTLE, WA 98119206-282-5600

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$601K

+2.6% from 2021

Total participants

-23.5% from 2021

Average account balance

$54,637

+58.6% from 2021

Annual return

-19.22%

-46.34 pp from 2021

Benchmarks

See 21,409 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,409 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

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.

123.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$148K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18090

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2F3D2J

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$11K

$973 / participant

Other / not subdivided$11K100.0%

% of EOY assets

1.780%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,637

$95,915-43.0%

$79,580-31.3%

$134,532-59.4%

Participation rate

81.8%

75.0%+6.8pp

69.5%+12.3pp

81.2%+0.6pp

Annual return

-19.22%

-2.71%-16.5pp

0.15%-19.4pp

418.27%-437.5pp

Employer contribution / active EE

$8,827

$3,129+182.1%

$2,413+265.7%

$4,741+86.2%

Participant deferral / active EE

$3,850

$4,693-18.0%

$3,985-3.4%

$6,401-39.9%

Admin fee / account holder

$973

$9,132-89.3%

$6,835-85.8%

$11,429-91.5%

LIGHTHOUSE UNIFORM COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGHTHOUSE UNIFORM COMPANY 401(K) 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