Retirement plan

LABCON, NORTH AMERICA 401(K) PLAN

Name: LABCON, NORTH AMERICA - LABCON, NORTH AMERICA 401(K) PLAN (2020) Form 5500
Creator: LABCON, NORTH AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABCON, NORTH AMERICA 401(K) PLAN, LABCON, NORTH AMERICA

LABCON, NORTH AMERICAEIN 94-1458073Plan #001PY 2020

3700 LAKEVILLE HIGHWAY, #200 - PETALUMA, CA 94954707-766-2100

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18.6M

+18.8% from 2019

Total participants

254

+5.0% from 2019

Average account balance

$93,489

+19.4% from 2019

Annual return

16.41%

-5.07 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.62M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

205

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$902K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$321

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 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC6+ years Filed as: PORTICO WEALTH ADVISORS Service code 27 · EIN 27-1799818	Advisory (Plan)	$29,374
FINANCIAL DECISIONS6+ years Service code 13 · EIN 68-0236865	Contract Administrator	$21,741
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2F2G2J2K2R3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$51K

$239 / participant

Investment mgmt$29K57.5%
Other / not subdivided$22K42.5%

% of EOY assets

0.275%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PISENTI & BRINKER LLC
Auditor EIN: 941585562
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,489

$70,917+31.8%

$98,920-5.5%

$73,493+27.2%

Participation rate

74.3%

73.8%+0.5pp

76.0%-1.7pp

70.7%+3.6pp

Annual return

16.41%

34.18%-17.8pp

196.47%-180.1pp

28.51%-12.1pp

Employer contribution / active EE

$1,072

$2,037-47.4%

$2,689-60.1%

$2,270-52.8%

Participant deferral / active EE

$3,321

$3,501-5.1%

$4,245-21.8%

$3,740-11.2%

Admin fee / account holder

$257

$535-52.0%

$6,643-96.1%

$513-49.9%

Provider

Service type

Compensation

ASCENSUS LLC6+ years

Filed as: PORTICO WEALTH ADVISORS

Service code 27 · EIN 27-1799818

Advisory (Plan)

$29,374

FINANCIAL DECISIONS6+ years

Service code 13 · EIN 68-0236865

Contract Administrator

$21,741

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

LABCON, NORTH AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABCON, NORTH AMERICA 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