Retirement plan

CLEVELAND BROTHERS RETIREMENT PLAN FOR UNION EMPLOYEES

Name: CLEVELAND BROTHERS HOLDINGS, INC. - CLEVELAND BROTHERS RETIREMENT PLAN FOR UNION EMPLOYEES (2023) Form 5500
Creator: CLEVELAND BROTHERS HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEVELAND BROTHERS RETIREMENT PLAN FOR UNION EMPLOYEES, CLEVELAND BROTHERS HOLDINGS, INC.

CLEVELAND BROTHERS HOLDINGS, INC.EIN 20-3561796Plan #008PY 2023

P.O. BOX 2535 - HARRISBURG, PA 17105717-561-3337

Other plans on this EIN

1 filing

#001Retirement-$259.9M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed July 1, 2015

Plan administrator

Plan administrator name— Sign in and upgrade to view

4565 William Penn Highway

Murrysville State: PA Zip Code: 15668

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Plans declared (1)

Cleveland Brothers Holdings Nonqualified Deferred Compensation Plan7 emp

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Total assets (EOY)

$59.4M

+14.7% from 2022

Total participants

559

+2.9% from 2022

Average account balance

$110,227

+9.8% from 2022

Annual return

15.92%

+30.61 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$65.19M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

563

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$36,656
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$3,005

Plan features & details

Pension benefit codes2E2F2G2J2S2T

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$115 / participant

Other / not subdivided$39K100.0%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,227

$91,372+20.6%

$130,045-15.2%

$74,460+48.0%

Participation rate

94.1%

77.8%+16.3pp

78.5%+15.6pp

70.7%+23.4pp

Annual return

15.92%

23.21%-7.3pp

-137.30%+153.2pp

34.38%-18.5pp

Employer contribution / active EE

$6,839

$2,563+166.8%

$4,321+58.3%

$2,638+159.2%

Participant deferral / active EE

$6,370

$4,721+34.9%

$5,820+9.4%

$4,530+40.6%

Admin fee / account holder

$73

$283-74.2%

$10,600-99.3%

$348-79.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$36,656

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$3,005

CLEVELAND BROTHERS RETIREMENT PLAN FOR UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEVELAND BROTHERS RETIREMENT PLAN FOR UNION EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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