Lmi Systems, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Lmi Systems, Inc. 401(k) Plan Facts (plan year 2018)

Plan name
LMI SYSTEMS, INC. PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
LMI SYSTEMS, INC.
Participants
164 (112 active employees)
Former employees with a balance
43
Plan assets
$4,370,415 at Oct 31, 2019
Average account balance
$30,562 across 143 accounts
Employer contributions
$284,399 in plan year 2018 (50% of all contributions)
Plan year
Nov 1, 2018 – Oct 31, 2019
Plan established
Oct 1, 1983
— 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 2018 (Nov 1, 2018 – Oct 31, 2019), filed Jul 22, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $573,176 went into the plan in contributions, $284,399 of it from the employer (50%).
  • $228,703 was paid out to participants.
  • Investment and other income added $427,820.
  • Administrative expenses were $46,714, about $327 per account.

How the Lmi Systems, Inc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201398$2.72 million$132,764$247,535
2014105$2.39 million$304,935$654,938
2015124$2.63 million$262,017$46,069
2016145$3.43 million$402,944$49,163
2017145$3.64 million$265,036$273,258
2018164$4.37 million$284,399$228,703

Lmi Systems, Inc. 401(k) Contact Information

Phone
770-491-0343
Mailing address
4680 N. ROYAL ATLANTA DRIVE, TUCKER GA 300843801
Plan sponsor
LMI SYSTEMS, INC.
Employer identification number (EIN)
58-2042526
Plan number
001

Questions about the Lmi Systems, Inc. 401(k)

Is the Lmi Systems, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Lmi Systems, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $284,399 in employer contributions for plan year 2018.

Does the Lmi Systems, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Lmi Systems, Inc 401(k) plan?

164 participants at the start of plan year 2018, 112 of them active employees, and 43 former employees who still had money in the plan.

What is the average 401(k) balance at Lmi Systems, Inc?

About $30,562 per account: $4.37 million in plan assets across 143 accounts with a balance at the end of plan year 2018.

Who manages the Lmi Systems, Inc 401(k) accounts?

Nationwide is the plan's recordkeeper, which is where participants log in to see their balance.

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