Lacks Enterprises, Inc. Retirement Savings And Profit Sharing Plan — Form 5500 plan (Lacks Enterprises, 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, Lacks Enterprises, Inc. Retirement Savings And Profit Sharing Plan is a benefit plan reported by Lacks Enterprises, Inc. under EIN 38-2650857 and plan number 005. The latest loaded filing year is 2023. The filing reports 2,932 participants and $223,940,083 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lacks Enterprises, Inc.
- EIN
- 38-2650857
- Plan number
- 005
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
- Participants
- 2,932
- End-of-year plan assets
- $223,940,083
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,932 | H, C | 20240905133210NAL0010400147001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $223,940,083
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $223,940,083
- Net assets (BOY)
- $203,367,842
Income & contributions
- Employer contributions
- $1,849,023
- Participant contributions
- $9,938,441
- Total contributions
- $12,067,227
- Total income / additions
- $42,106,070
Expenses & distributions
- Benefits paid
- $21,050,574
- Administrative expenses
- $483,255
- Total expenses
- $21,533,829
- Net increase / (decrease)
- $20,572,241
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $383,630 | $9,624 | 2023 |
| Wells Fargo Advisors | CONSULTANT | $0 | $90,000 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Lacks Enterprises, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Grand Rapids, MI
- Principal Life Insurance Company — Schedule C compensation
- Wells Fargo Advisors — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation