Lc Industries Surplus Sharing & 401(K) Plan — Form 5500 plan (Lc Industries)

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, Lc Industries Surplus Sharing & 401(K) Plan is a benefit plan reported by Lc Industries under EIN 56-0686307 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,049 participants and $63,698,413 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$63.7MPlan net assets, end of year$63,698,413
Participants1KCovered participants reported1,049
Assets / participant$60.7KComputed: assets ÷ participants$60,723 (computed)
Provider compensation$39.9K3 Schedule C provider row(s)$39,936
Plan sponsor
Lc Industries
EIN
56-0686307
Plan number
002
Plan type
2
Location
Durham, NC
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    1,049 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$63.7M total assets
Net assets$63.7MLiabilities$0
Money in vs. money out
Total income / additions$14.3M
Total expenses$8.6M
Benefits paid / distributions$8.6M
Contributions
Employer$4M
Participant$1.8M
Full reported line items

Net assets

Total assets (EOY)
$63,698,413
Total liabilities (EOY)
$0
Net assets (EOY)
$63,698,413
Net assets (BOY)
$58,027,018

Income & contributions

Employer contributions
$4,039,793
Participant contributions
$1,793,509
Total contributions
$5,947,529
Total income / additions
$14,287,487

Expenses & distributions

Benefits paid
$8,576,156
Administrative expenses
$39,936
Total expenses
$8,616,092
Net increase / (decrease)
$5,671,395
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 69%Participant 31%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income60%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    INVESTMENT COMPANY · Direct $28K · Indirect $0
  2. 2
    NONE · Direct $11K
  3. 3
    NONE · Direct $1K · Indirect $0

Related Form 5500 pages