Lubrication Technologies, 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.

Lubrication Technologies, Inc 401(k) Plan Facts (plan year 2018)

Plan name
LUBRICATION TECHNOLOGIES, INC. EMPLOYEE 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LUBRICATION TECHNOLOGIES, INC
Participants
653 (572 active employees)
Former employees with a balance
137
Plan assets
$29,083,379 at Dec 31, 2018
Average account balance
$37,382 across 778 accounts
Employer contributions
$1,247,490 in plan year 2018 (22% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Jul 1, 1993
✓ 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 (Jan 1, 2018 – Dec 31, 2018), filed Oct 10, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $5.77 million went into the plan in contributions, $1.25 million of it from the employer (22%).
  • $2.50 million was paid out to participants.
  • Administrative expenses were $151,692, about $195 per account.

How the Lubrication Technologies, Inc 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013314$11.2 million$332,016$292,502
2014406$14.2 million$446,965$549,873
2015452$15.2 million$495,066$1.84 million
2016496$20.8 million$738,823$744,370
2017578$27.1 million$1.14 million$1.28 million
2018653$29.1 million$1.25 million$2.50 million

Lubrication Technologies, Inc 401(k) Contact Information

Phone
763-417-1207
Mailing address
900 MENDELSSOHN AVE. NORTH, GOLDEN VALLEY MN 55427
Plan sponsor
LUBRICATION TECHNOLOGIES, INC
Employer identification number (EIN)
41-1746390
Plan number
004

Questions about the Lubrication Technologies, Inc 401(k)

Is the Lubrication Technologies, 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 Lubrication Technologies, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $1.25 million, 22% of all contributions.

Does the Lubrication Technologies, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Lubrication Technologies, Inc 401(k) plan?

653 participants at the start of plan year 2018, 572 of them active employees, and 137 former employees who still had money in the plan.

What is the average 401(k) balance at Lubrication Technologies, Inc?

About $37,382 per account: $29.1 million in plan assets across 778 accounts with a balance at the end of plan year 2018.

Who manages the Lubrication Technologies, Inc 401(k) accounts?

Unified Trust Company , N.A. is the plan's recordkeeper, which is where participants log in to see their balance.

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