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LAKE SHORE SYSTEMS, INC. 401K PLAN 401k Plan overview

Plan NameLAKE SHORE SYSTEMS, INC. 401K PLAN
Plan identification number 001

LAKE SHORE SYSTEMS, INC. 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

LAKE SHORE SYSTEMS, INC. has sponsored the creation of one or more 401k plans.

Company Name:LAKE SHORE SYSTEMS, INC.
Employer identification number (EIN):813537960
NAIC Classification:333100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE SHORE SYSTEMS, INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01BART LAMERS
0012016-10-01BART LAMERS

Plan Statistics for LAKE SHORE SYSTEMS, INC. 401K PLAN

401k plan membership statisitcs for LAKE SHORE SYSTEMS, INC. 401K PLAN

Measure Date Value
2023: LAKE SHORE SYSTEMS, INC. 401K PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01430
Total number of active participants reported on line 7a of the Form 55002023-01-01355
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-0189
Total of all active and inactive participants2023-01-01444
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01444
Number of participants with account balances2023-01-01435
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0139
2022: LAKE SHORE SYSTEMS, INC. 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01499
Total number of active participants reported on line 7a of the Form 55002022-01-01356
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0174
Total of all active and inactive participants2022-01-01430
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01430
Number of participants with account balances2022-01-01423
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0176
2021: LAKE SHORE SYSTEMS, INC. 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01466
Total number of active participants reported on line 7a of the Form 55002021-01-01438
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0161
Total of all active and inactive participants2021-01-01499
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01499
Number of participants with account balances2021-01-01483
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0167
2020: LAKE SHORE SYSTEMS, INC. 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01405
Total number of active participants reported on line 7a of the Form 55002020-01-01431
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0132
Total of all active and inactive participants2020-01-01463
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-012
Total participants2020-01-01465
Number of participants with account balances2020-01-01457
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0140
2019: LAKE SHORE SYSTEMS, INC. 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01393
Total number of active participants reported on line 7a of the Form 55002019-01-01387
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0118
Total of all active and inactive participants2019-01-01405
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01405
Number of participants with account balances2019-01-01396
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0129
2018: LAKE SHORE SYSTEMS, INC. 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01353
Total number of active participants reported on line 7a of the Form 55002018-01-01377
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0116
Total of all active and inactive participants2018-01-01393
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01393
Number of participants with account balances2018-01-01383
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0134
2017: LAKE SHORE SYSTEMS, INC. 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01327
Total number of active participants reported on line 7a of the Form 55002017-01-01336
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0116
Total of all active and inactive participants2017-01-01352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-01353
Number of participants with account balances2017-01-01343
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0123
2016: LAKE SHORE SYSTEMS, INC. 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-10-010
Total number of active participants reported on line 7a of the Form 55002016-10-01322
Number of retired or separated participants receiving benefits2016-10-010
Number of other retired or separated participants entitled to future benefits2016-10-015
Total of all active and inactive participants2016-10-01327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-010
Total participants2016-10-01327
Number of participants with account balances2016-10-01286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-015

Financial Data on LAKE SHORE SYSTEMS, INC. 401K PLAN

Measure Date Value
2023 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$6,125,650
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$2,219,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$2,159,949
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,030,114
Value of total assets at end of year2023-12-31$27,134,477
Value of total assets at beginning of year2023-12-31$23,228,124
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$59,348
Total interest from all sources2023-12-31$34,124
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$700,819
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$700,819
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$3,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,537,484
Participant contributions at end of year2023-12-31$572,941
Participant contributions at beginning of year2023-12-31$515,805
Participant contributions at end of year2023-12-31$57,789
Participant contributions at beginning of year2023-12-31$56,909
Assets. Other investments not covered elsewhere at end of year2023-12-31$40,299
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$33,133
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$21,380
Other income not declared elsewhere2023-12-31$21,354
Total non interest bearing cash at end of year2023-12-31$21,596
Total non interest bearing cash at beginning of year2023-12-31$1,437
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$3,906,353
Value of net assets at end of year (total assets less liabilities)2023-12-31$27,134,477
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$23,228,124
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$26,418,251
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$22,599,057
Interest on participant loans2023-12-31$34,124
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$3,339,239
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$471,250
Employer contributions (assets) at end of year2023-12-31$23,601
Employer contributions (assets) at beginning of year2023-12-31$21,783
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$2,159,949
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31BDO USA P.C.
Accountancy firm EIN2023-12-31135381590
2022 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-2,627,897
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,796,152
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,734,655
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,363,390
Value of total assets at end of year2022-12-31$23,228,124
Value of total assets at beginning of year2022-12-31$29,652,173
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$61,497
Total interest from all sources2022-12-31$22,949
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$868,350
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$868,350
Administrative expenses professional fees incurred2022-12-31$61,497
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,652,873
Participant contributions at end of year2022-12-31$515,805
Participant contributions at beginning of year2022-12-31$513,459
Participant contributions at end of year2022-12-31$56,909
Participant contributions at beginning of year2022-12-31$65,921
Assets. Other investments not covered elsewhere at end of year2022-12-31$33,133
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$29,519
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$122,515
Other income not declared elsewhere2022-12-31$-2,815
Total non interest bearing cash at end of year2022-12-31$1,437
Total non interest bearing cash at beginning of year2022-12-31$7,060
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-6,424,049
Value of net assets at end of year (total assets less liabilities)2022-12-31$23,228,124
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$29,652,173
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$22,599,057
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$29,011,134
Interest on participant loans2022-12-31$22,949
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-5,879,771
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$588,002
Employer contributions (assets) at end of year2022-12-31$21,783
Employer contributions (assets) at beginning of year2022-12-31$25,080
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,734,655
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31BDO USA P.C.
Accountancy firm EIN2022-12-31135381590
2021 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$5,913,538
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,647,523
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,598,990
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,449,915
Value of total assets at end of year2021-12-31$29,652,173
Value of total assets at beginning of year2021-12-31$25,386,158
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$48,533
Total interest from all sources2021-12-31$30,109
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$916,080
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$916,080
Administrative expenses professional fees incurred2021-12-31$48,533
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$3,000,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,772,292
Participant contributions at end of year2021-12-31$513,459
Participant contributions at beginning of year2021-12-31$647,347
Participant contributions at end of year2021-12-31$65,921
Participant contributions at beginning of year2021-12-31$62,845
Assets. Other investments not covered elsewhere at end of year2021-12-31$29,519
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$34,810
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$856
Total non interest bearing cash at end of year2021-12-31$7,060
Total non interest bearing cash at beginning of year2021-12-31$30,614
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$4,266,015
Value of net assets at end of year (total assets less liabilities)2021-12-31$29,652,173
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$25,386,158
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$29,011,134
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$24,619,945
Interest on participant loans2021-12-31$30,109
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$2,517,434
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$642,813
Employer contributions (assets) at end of year2021-12-31$25,080
Employer contributions (assets) at beginning of year2021-12-31$24,551
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,598,990
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA LLP
Accountancy firm EIN2021-12-31135381590
2020 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$6,421,528
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$903,416
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$837,731
Value of total corrective distributions2020-12-31$4,474
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,989,039
Value of total assets at end of year2020-12-31$25,386,158
Value of total assets at beginning of year2020-12-31$19,868,046
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$61,211
Total interest from all sources2020-12-31$33,380
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$337,860
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$337,860
Administrative expenses professional fees incurred2020-12-31$61,211
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$3,000,000
If this is an individual account plan, was there a blackout period2020-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,744,212
Participant contributions at end of year2020-12-31$647,347
Participant contributions at beginning of year2020-12-31$568,447
Participant contributions at end of year2020-12-31$62,845
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$619,108
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$856
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$845
Other income not declared elsewhere2020-12-31$70
Total non interest bearing cash at end of year2020-12-31$30,614
Total non interest bearing cash at beginning of year2020-12-31$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$5,518,112
Value of net assets at end of year (total assets less liabilities)2020-12-31$25,386,158
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$19,868,046
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$24,619,945
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$19,298,753
Interest on participant loans2020-12-31$33,380
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,061,179
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$625,719
Employer contributions (assets) at end of year2020-12-31$24,551
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$837,731
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31Yes
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA LLP
Accountancy firm EIN2020-12-31135381590
2019 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$5,808,627
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,661,851
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,607,296
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$2,196,541
Value of total assets at end of year2019-12-31$19,868,046
Value of total assets at beginning of year2019-12-31$15,721,270
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$54,555
Total interest from all sources2019-12-31$31,512
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$397,371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$397,371
Administrative expenses professional fees incurred2019-12-31$54,555
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,530,680
Participant contributions at end of year2019-12-31$568,447
Participant contributions at beginning of year2019-12-31$586,748
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$120,490
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$845
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$818
Other income not declared elsewhere2019-12-31$66
Total non interest bearing cash at end of year2019-12-31$1
Total non interest bearing cash at beginning of year2019-12-31$98
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$4,146,776
Value of net assets at end of year (total assets less liabilities)2019-12-31$19,868,046
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$15,721,270
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$19,298,753
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$15,133,606
Interest on participant loans2019-12-31$31,512
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$3,183,137
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$545,371
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,607,296
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO USA LLP
Accountancy firm EIN2019-12-31135381590
2018 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,348,118
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$982,404
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$930,384
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$2,309,068
Value of total assets at end of year2018-12-31$15,721,270
Value of total assets at beginning of year2018-12-31$15,355,556
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$52,020
Total interest from all sources2018-12-31$27,331
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$321,906
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$321,906
Administrative expenses professional fees incurred2018-12-31$52,020
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,000,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,351,904
Participant contributions at end of year2018-12-31$586,748
Participant contributions at beginning of year2018-12-31$528,239
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$458,706
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$818
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$509
Other income not declared elsewhere2018-12-31$1,383
Total non interest bearing cash at end of year2018-12-31$98
Total non interest bearing cash at beginning of year2018-12-31$20
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$365,714
Value of net assets at end of year (total assets less liabilities)2018-12-31$15,721,270
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$15,355,556
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$15,133,606
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$14,826,788
Interest on participant loans2018-12-31$27,331
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,311,570
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$498,458
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$930,384
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO USA LLP
Accountancy firm EIN2018-12-31135381590
2017 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$5,265,550
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$743,203
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$684,590
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$3,151,355
Value of total assets at end of year2017-12-31$15,355,556
Value of total assets at beginning of year2017-12-31$10,833,209
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$58,613
Total interest from all sources2017-12-31$23,223
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$253,560
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$253,560
Administrative expenses professional fees incurred2017-12-31$58,613
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$2,000,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,207,560
Participant contributions at end of year2017-12-31$528,239
Participant contributions at beginning of year2017-12-31$415,727
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$1,482,471
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$509
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$294
Total non interest bearing cash at end of year2017-12-31$20
Total non interest bearing cash at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$4,522,347
Value of net assets at end of year (total assets less liabilities)2017-12-31$15,355,556
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$10,833,209
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$14,826,788
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$10,417,188
Interest on participant loans2017-12-31$23,223
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,837,412
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$461,324
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$684,590
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BDO USA LLP
Accountancy firm EIN2017-12-31135381590
2016 : LAKE SHORE SYSTEMS, INC. 401K PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$10,838,900
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$5,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,643
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$10,607,209
Value of total assets at end of year2016-12-31$10,833,209
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$4,048
Total interest from all sources2016-12-31$2,472
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$162,573
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$162,573
Administrative expenses professional fees incurred2016-12-31$4,048
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$2,000,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$261,036
Participant contributions at end of year2016-12-31$415,727
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$10,248,977
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$294
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$10,833,209
Value of net assets at end of year (total assets less liabilities)2016-12-31$10,833,209
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$10,417,188
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$2,472
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$66,646
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$97,196
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,643
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No

Form 5500 Responses for LAKE SHORE SYSTEMS, INC. 401K PLAN

2023: LAKE SHORE SYSTEMS, INC. 401K PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: LAKE SHORE SYSTEMS, INC. 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: LAKE SHORE SYSTEMS, INC. 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: LAKE SHORE SYSTEMS, INC. 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: LAKE SHORE SYSTEMS, INC. 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: LAKE SHORE SYSTEMS, INC. 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: LAKE SHORE SYSTEMS, INC. 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: LAKE SHORE SYSTEMS, INC. 401K PLAN 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01First time form 5500 has been submittedYes
2016-10-01Submission has been amendedNo
2016-10-01This submission is the final filingNo
2016-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-10-01Plan is a collectively bargained planNo
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement - TrustYes

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