Retirement plan

CLIFFORD FUEL CO, INC. EMPLOYEES' 401(K) SAVINGS & PROFIT SHARING PLAN

Name: CLIFFORD FUEL CO, INC. - CLIFFORD FUEL CO, INC. EMPLOYEES' 401(K) SAVINGS & PROFIT SHARING PLAN (2023) Form 5500
Creator: CLIFFORD FUEL CO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIFFORD FUEL CO, INC. EMPLOYEES' 401(K) SAVINGS & PROFIT SHARING PLAN, CLIFFORD FUEL CO, INC.

CLIFFORD FUEL CO, INC.EIN 15-0620960Plan #005PY 2023

PO BOX 378 - MARCY, NY 13403315-797-2240cliffordfuel.comLinkedIn201-500 employeesoil & energy

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$8.1M

+12.3% from 2022

Total participants

263

+12.9% from 2022

Average account balance

$30,689

-0.5% from 2022

Annual return

5.92%

+17.64 pp from 2022

Benchmarks

See 2,343 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,343 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.07M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

Not enough data

1 years with per-participant data

Participants with account balance

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

209

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$545K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 99	Other Fees	$1,137
ACTUARIAL PENSION ANALYSTS, INC.1 year Service code 13 7000 E GENESEE ST. · FAYETTEVILLE, NY 13066	Contract Administrator	$850
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
MORGAN STANLEY SMITH BARNEY6 years Service code 19 · EIN 26-4310632	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$25K

$154 / participant

Contract admin$25K100.0%

% of EOY assets

0.314%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,689

$83,090-63.1%

$130,062-76.4%

$71,529-57.1%

Participation rate

100.0%

74.1%+25.9pp

78.5%+21.5pp

67.9%+32.1pp

Annual return

5.92%

20.61%-14.7pp

-137.37%+143.3pp

28.97%-23.1pp

Employer contribution / active EE

$3,256

$2,624+24.1%

$4,322-24.7%

$2,590+25.7%

Participant deferral / active EE

$4,436-100.0%

$5,821-100.0%

$4,291-100.0%

Admin fee / account holder

$96

$1,727-94.4%

$10,601-99.1%

$1,588-93.9%

Provider

Service type

Compensation

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 99

Other Fees

$1,137

ACTUARIAL PENSION ANALYSTS, INC.1 year

Service code 13

7000 E GENESEE ST. · FAYETTEVILLE, NY 13066

Contract Administrator

$850

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

MORGAN STANLEY SMITH BARNEY6 years

Service code 19 · EIN 26-4310632

Securities Custodian

CLIFFORD FUEL CO, INC. EMPLOYEES' 401(K) SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIFFORD FUEL CO, INC. EMPLOYEES' 401(K) SAVINGS & PROFIT SHARING 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