Lanco International, Inc. 401(k) Plan: Login, Facts & Contact Information

Lanco International, Inc. 401(k) Plan Facts

Plan name
LANCO INTN'L, INC AND SUBS. EMPLOYEES' 401(K) RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LANCO INTERNATIONAL, INC.
Participants
1,031 (678 active employees)
Former employees with a balance
290
Plan assets
$97,432,861 at Dec 31, 2022
Average account balance
$100,446 across 970 accounts
Employer contributions
$3,507,757 in plan year 2022 (56% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 1987
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 13, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $6.22 million went into the plan in contributions, $3.51 million of it from the employer (56%).
  • $8.56 million was paid out to participants.
  • Administrative expenses were $34,972, about $36 per account.

How the Lanco International, Inc. 401(k) changed, 20172022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20171,010$66.1 million$1.42 million$3.00 million
20181,049$65.7 million$2.02 million$4.35 million
20191,106$79.8 million$1.99 million$5.08 million
20201,198$89.6 million$2.67 million$8.70 million
20211,070$114.8 million$2.23 million$15.2 million
20221,031$97.4 million$3.51 million$8.56 million

Lanco International, Inc. 401(k) Contact Information

Phone
708-596-5200
Mailing address
3111 W. 167TH STREET, HAZEL CREST IL 604291025
Plan sponsor
LANCO INTERNATIONAL, INC.
Employer identification number (EIN)
36-2608826
Plan number
334

Questions about the Lanco International, Inc. 401(k)

Does Lanco International, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $3.51 million, 56% of all contributions.

Does the Lanco International, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Lanco International, Inc 401(k) plan?

1,031 participants at the start of plan year 2022, 678 of them active employees, and 290 former employees who still had money in the plan.

What is the average 401(k) balance at Lanco International, Inc?

About $100,446 per account: $97.4 million in plan assets across 970 accounts with a balance at the end of plan year 2022.

Who manages the Lanco International, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Lanco International, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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