2023 Form 5500 filing — Lacks Enterprises, Inc. Retirement Savings And Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240905133210NAL0010400147001) for Lacks Enterprises, Inc. Retirement Savings And Profit Sharing Plan, reported by Lacks Enterprises, Inc. under EIN 38-2650857 and plan number 005. It reports 2,932 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240905133210NAL0010400147001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lacks Enterprises, Inc.
- EIN
- 38-2650857
- Plan number
- 005
- Location
- Grand Rapids, MI
- Participants
- 2,932
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $223,940,083
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $223,940,083
- Employer contributions
- $1,849,023
- Participant contributions
- $9,938,441
- Total income / additions
- $42,106,070
- Benefits paid
- $21,050,574
- Administrative expenses
- $483,255
- Total expenses
- $21,533,829
- Net increase / (decrease)
- $20,572,241
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $383,630 | $9,624 |
| Wells Fargo Advisors | CONSULTANT | $0 | $90,000 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |