Retirement plan

CENCLEAR RETIREMENT SAVINGS PLAN

Name: CEN-CLEAR CHILD SERVICES, INC. - CENCLEAR RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: CEN-CLEAR CHILD SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENCLEAR RETIREMENT SAVINGS PLAN, CEN-CLEAR CHILD SERVICES, INC.

CEN-CLEAR CHILD SERVICES, INC.EIN 25-1378446Plan #003PY 2022

50 BIGLER ROAD, P. O. BOX 319 - BIGLER, PA 16825814-342-5678

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$18.9M

-20.5% from 2021

Total participants

495

-0.6% from 2021

Average account balance

$50,018

-22.4% from 2021

Annual return

-20.78%

-37.82 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.32M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

401

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.

67.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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
NATIONWIDE8+ years Service code 51 · EIN 31-4156830	Investment Mgmt Fees	$195,141
AMERICAN UNITED LIFE INSURANCE CO1 year Service code 15 · EIN 35-0145825	Recordkeeping	$69,213

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$161 / participant

Contract admin$72K100.0%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CATALANO, CASE, CATALANO & CLARK
Auditor EIN: 251515426
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,018

$46,332+8.0%

$143,797-65.2%

$64,824-22.8%

Participation rate

73.5%

64.2%+9.2pp

80.3%-6.8pp

71.5%+2.0pp

Annual return

-20.78%

-10.05%-10.7pp

-0.04%-20.7pp

32.84%-53.6pp

Employer contribution / active EE

$1,992

$1,911+4.2%

$4,952-59.8%

$2,507-20.5%

Participant deferral / active EE

$2,297

$2,647-13.2%

$5,638-59.3%

$4,311-46.7%

Admin fee / account holder

$190

$154+23.7%

$14,679-98.7%

$188+1.3%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 51 · EIN 31-4156830

Investment Mgmt Fees

$195,141

AMERICAN UNITED LIFE INSURANCE CO1 year

Service code 15 · EIN 35-0145825

Recordkeeping

$69,213

CENCLEAR RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENCLEAR RETIREMENT SAVINGS 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