Lake Business Products Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Lake Business Products, Inc.)
Plain-English plan 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, Lake Business Products Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Lake Business Products, Inc. under EIN 34-1101709 and plan number 001. The latest loaded filing year is 2023. The filing reports 132 participants and $10,225,848 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Business Products, Inc.
- EIN
- 34-1101709
- Plan number
- 001
- Plan type
- 2
- Location
- Highland Heights, OH
- Latest filing year
- 2023
- Participants
- 132
- End-of-year plan assets
- $10,225,848
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 132 | H, C | 20241001092456NAL0011266832001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,225,848
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,225,848
- Net assets (BOY)
- $10,037,736
Income & contributions
- Employer contributions
- $100,000
- Participant contributions
- $340,696
- Total contributions
- $477,759
- Total income / additions
- $1,733,351
Expenses & distributions
- Benefits paid
- $1,530,075
- Administrative expenses
- $15,164
- Total expenses
- $1,545,239
- Net increase / (decrease)
- $188,112
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | CUSTODIAN/RECORDKEEPER | $41,809 | $18,223 | 2023 |
| Mgo Investment Advisors | INV ADV, NAMED FIDUCIARY | $20,276 | not reported in the loaded dataset | 2023 |
| Ciuni & Panichi Inc | AUDITOR | $12,000 | $0 | 2023 |
| Moskal Gross Orchosky Inc | TPA | $3,802 | $3,523 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Lake Business Products, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Highland Heights, OH
- Nationwide — Schedule C compensation
- Mgo Investment Advisors — Schedule C compensation
- Ciuni & Panichi Inc — Schedule C compensation
- Moskal Gross Orchosky Inc — Schedule C compensation