Retirement plan

CLARE ROSE, INC. UNION 401(K) PLAN

Name: CLARE ROSE, INC. - CLARE ROSE, INC. UNION 401(K) PLAN (2019) Form 5500
Creator: CLARE ROSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARE ROSE, INC. UNION 401(K) PLAN, CLARE ROSE, INC.

CLARE ROSE, INC.EIN 11-2036262Plan #004PY 2019

100 ROSE EXECUTIVE BLVD. - EAST YAPHANK, NY 11967631-475-1840clarerose.comLinkedIn1-10 employeesmarketing and advertising

Other plans on this EIN

3 filings

#001Retirement-$21.0M assets #005Retirement-$3.4M assets #007Retirement-$779K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$6.6M

+12.1% from 2018

Total participants

145

-9.4% from 2018

Average account balance

$48,357

+17.0% from 2018

Annual return

18.93%

+21.38 pp from 2018

Benchmarks

See 2,364 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,364 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.89%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$26,386
RIZZI SCHWARTZ & TARASKAS LLP1 year Filed as: RIZZI SCHWARZ AND TARASKAS LLP Service code 10 · EIN 11-3084306	Accounting	$19,000
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$9,257
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
EATON VANCE2 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PGIM INVESTMENTS2 years Service code 52 · EIN 13-3040042	Indirect Investment Fees	$0
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO Service code 52 · EIN 41-0449260	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$55K

$497 / participant

Investment mgmt$35K63.6%
Contract admin$8801.6%
Other / not subdivided$19K34.8%

% of EOY assets

0.831%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RIZZI, SCHWARZ & TARASKAS LLP
Auditor EIN: 113084306
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,357

$86,332-44.0%

$125,175-61.4%

$65,185-25.8%

Participation rate

91.8%

75.3%+16.5pp

79.8%+12.0pp

70.2%+21.6pp

Annual return

18.93%

27.43%-8.5pp

43.79%-24.9pp

29.38%-10.5pp

Employer contribution / active EE

$2,040-100.0%

$3,865-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,308

$3,537-34.8%

$4,937-53.2%

$3,514-34.3%

Admin fee / account holder

$402

$609-34.0%

$9,702-95.9%

$847-52.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$26,386

RIZZI SCHWARTZ & TARASKAS LLP1 year

Filed as: RIZZI SCHWARZ AND TARASKAS LLP

Service code 10 · EIN 11-3084306

Accounting

$19,000

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$9,257

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

EATON VANCE2 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PGIM INVESTMENTS2 years

Service code 52 · EIN 13-3040042

Indirect Investment Fees

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO

Service code 52 · EIN 41-0449260

Indirect Investment Fees

CLARE ROSE, INC. UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARE ROSE, INC. UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion