2023 Form 5500 filing — Lake Business Products Inc. 401(K) 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 20241001092456NAL0011266832001) for Lake Business Products Inc. 401(K) Profit Sharing Plan, reported by Lake Business Products, Inc. under EIN 34-1101709 and plan number 001. It reports 132 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001092456NAL0011266832001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lake Business Products, Inc.
- EIN
- 34-1101709
- Plan number
- 001
- Location
- Highland Heights, OH
- Participants
- 132
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,225,848
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,225,848
- Employer contributions
- $100,000
- Participant contributions
- $340,696
- Total income / additions
- $1,733,351
- Benefits paid
- $1,530,075
- Administrative expenses
- $15,164
- Total expenses
- $1,545,239
- Net increase / (decrease)
- $188,112
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | CUSTODIAN/RECORDKEEPER | $41,809 | $18,223 |
| Mgo Investment Advisors | INV ADV, NAMED FIDUCIARY | $20,276 | not reported in the loaded dataset |
| Ciuni & Panichi Inc | AUDITOR | $12,000 | $0 |
| Moskal Gross Orchosky Inc | TPA | $3,802 | $3,523 |