Retirement plan

SIBCY CLINE, INC. AND AFFILIATED COMPANIES 401(K) PROFIT SHARING PLAN

Name: SIBCY CLINE, INC. - SIBCY CLINE, INC. AND AFFILIATED COMPANIES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SIBCY CLINE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIBCY CLINE, INC. AND AFFILIATED COMPANIES 401(K) PROFIT SHARING PLAN, SIBCY CLINE, INC.

SIBCY CLINE, INC.EIN 31-0592571Plan #002PY 2023

8044 MONTGOMERY ROAD, SUITE 300 - CINCINNATI, OH 45236513-984-4100LinkedIn1-10 employeesreal estate

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$32.9M

-8.6% from 2022

Total participants

206

-9.3% from 2022

Average account balance

$160,431

+0.3% from 2022

Annual return

13.94%

+28.12 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.73M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

208

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$334

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 99 · EIN 44-4000444	Other Fees	$41,881
LATITUDE SERVICE COMPANY INC2 years Filed as: LATITUDE SERVICES COMPANY, INC. Service code 99 · EIN 22-2000222	Other Fees	$8,470
BARNES, IACCARINO & SHEPHERD LLP1 year Filed as: BARNES DENNING Service code 99 · EIN 33-3000333	Other Fees	$8,000
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$148

Plan features & details

Pension benefit codes2E2H2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$62K

$413 / participant

Contract admin$62K100.0%

% of EOY assets

0.187%

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: BARNES DENNIG & CO.
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,431

$65,428+145.2%

$169,390-5.3%

$71,511+124.3%

Participation rate

99.3%

66.9%+32.4pp

77.2%+22.2pp

67.9%+31.4pp

Annual return

13.94%

21.35%-7.4pp

406.07%-392.1pp

28.86%-14.9pp

Employer contribution / active EE

$2,451

$2,064+18.8%

$4,013-38.9%

$2,589-5.3%

Participant deferral / active EE

$5,908

$4,360+35.5%

$6,222-5.1%

$4,291+37.7%

Admin fee / account holder

$300

$1,328-77.4%

$9,015-96.7%

$1,588-81.1%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 99 · EIN 44-4000444

Other Fees

$41,881

LATITUDE SERVICE COMPANY INC2 years

Filed as: LATITUDE SERVICES COMPANY, INC.

Service code 99 · EIN 22-2000222

Other Fees

$8,470

BARNES, IACCARINO & SHEPHERD LLP1 year

Filed as: BARNES DENNING

Service code 99 · EIN 33-3000333

Other Fees

$8,000

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$148

SIBCY CLINE, INC. AND AFFILIATED COMPANIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIBCY CLINE, INC. AND AFFILIATED COMPANIES 401(K) 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