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LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameLAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

LAKE INDUSTRIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAKE INDUSTRIES, INC.
Employer identification number (EIN):042572223
NAIC Classification:238220
NAIC Description:Plumbing, Heating, and Air-Conditioning Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SETH LARNER2024-04-26 SETH LARNER2024-04-26
0012022-01-01SETH LARNER2023-04-25 SETH LARNER2023-04-25
0012021-01-01SETH LARNER2022-10-10 SETH LARNER2022-10-10
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01DONNA PARISEAU
0012016-01-01DONNA PARISEAU
0012015-01-01DONNA PARISEAU2016-05-12 DONNA PARISEAU2016-05-12
0012014-01-01DONNA PARISEAU2015-05-05 DONNA PARISEAU2015-05-05
0012013-01-01DONNA PARISEAU2014-03-26 DONNA PARISEAU2014-03-26
0012012-01-01DONNA PARISEAU2013-06-24 DONNA PARISEAU2013-06-24
0012011-01-01DONNA PARISEAU2012-06-15 DONNA PARISEAU2012-06-15
0012010-01-01DONNA PARISEAU2011-05-23 DONNA PARISEAU2011-05-23

Plan Statistics for LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2017: LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0161
Total number of active participants reported on line 7a of the Form 55002017-01-0165
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-014
Total of all active and inactive participants2017-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0169
Number of participants with account balances2017-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0170
Total number of active participants reported on line 7a of the Form 55002016-01-0158
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-013
Total of all active and inactive participants2016-01-0161
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0161
Number of participants with account balances2016-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2017 : LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$911,207
Expenses. Total of all expenses incurred2017-12-31$17,556
Benefits paid (including direct rollovers)2017-12-31$13,112
Total plan assets at end of year2017-12-31$4,679,725
Total plan assets at beginning of year2017-12-31$3,786,074
Value of fidelity bond covering the plan2017-12-31$1,000,000
Total contributions received or receivable from participants2017-12-31$251,487
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$659,720
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$893,651
Net plan assets at end of year (total assets less liabilities)2017-12-31$4,679,725
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$3,786,074
Assets. Value of participant loans2017-12-31$78,410
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$77
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$4,367
2016 : LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$520,078
Expenses. Total of all expenses incurred2016-12-31$117,096
Benefits paid (including direct rollovers)2016-12-31$116,883
Total plan assets at end of year2016-12-31$3,786,074
Total plan assets at beginning of year2016-12-31$3,383,092
Value of fidelity bond covering the plan2016-12-31$1,000,000
Total contributions received or receivable from participants2016-12-31$202,998
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$317,080
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$402,982
Net plan assets at end of year (total assets less liabilities)2016-12-31$3,786,074
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,383,092
Assets. Value of participant loans2016-12-31$87,117
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022016-12-31$0
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$213

Form 5500 Responses for LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN

2017: LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LAKE INDUSTRIES, INC. 401(K) RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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