Retirement plan

CLEANCARE WESTERN PA TEAMSTERS L 249 401(K) PLAN

Name: CLEAN TEXTILE SYSTEMS, INC - CLEANCARE WESTERN PA TEAMSTERS L 249 401(K) PLAN (2023) Form 5500
Creator: CLEAN TEXTILE SYSTEMS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEANCARE WESTERN PA TEAMSTERS L 249 401(K) PLAN, CLEAN TEXTILE SYSTEMS, INC

CLEAN TEXTILE SYSTEMS, INCEIN 25-1318334Plan #002PY 2023

40 51ST STREET - PITTSBURGH, PA 15201412-687-7900LinkedIn51-200 employees

Other plans on this EIN

1 filing

#001Retirement-$120K assets

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$101K

-98.3% from 2022

Total participants

-62.9% from 2022

Average account balance

$5,320

-93.7% from 2022

Annual return

20.61%

+36.46 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.06M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

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.

152.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5218

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T3H

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant 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

$3K

$125 / participant

Other / not subdivided$3K100.0%

% of EOY assets

2.728%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,320

$96,678-94.5%

$86,640-93.9%

$139,466-96.2%

Participation rate

68.2%

74.4%-6.2pp

71.7%-3.5pp

80.3%-12.2pp

Annual return

20.61%

106.69%-86.1pp

592.52%-571.9pp

373.66%-353.1pp

Employer contribution / active EE

$900

$3,265-72.4%

$3,024-70.2%

$4,754-81.1%

Participant deferral / active EE

$467

$4,837-90.3%

$4,438-89.5%

$6,712-93.0%

Admin fee / account holder

$145

$6,410-97.7%

$5,616-97.4%

$11,409-98.7%

CLEANCARE WESTERN PA TEAMSTERS L 249 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEANCARE WESTERN PA TEAMSTERS L 249 401(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