Retirement plan

LOGAN CLAY PRODUCTS COMPANY 401(K) PLAN AND TRUST

Name: LOGAN CLAY PRODUCTS COMPANY - LOGAN CLAY PRODUCTS COMPANY 401(K) PLAN AND TRUST (2023) Form 5500
Creator: LOGAN CLAY PRODUCTS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOGAN CLAY PRODUCTS COMPANY 401(K) PLAN AND TRUST, LOGAN CLAY PRODUCTS COMPANY

LOGAN CLAY PRODUCTS COMPANYEIN 31-4236910Plan #003PY 2023

201 SOUTH WALNUT STREET - LOGAN, OH 43138740-385-2184loganclay.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$7.4M

+12.9% from 2022

Total participants

117

-2.5% from 2022

Average account balance

$69,388

+16.1% from 2022

Annual return

23.80%

+42.50 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.49M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

107

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$524K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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 1 by compensation

Provider	Service type	Compensation
DANIEL H. COOK ASSOCIATES, INC7 years Filed as: DANIEL O'CONNELL Service code 51 400 METRO PL NORTH · DUBLIN, OH 43017	Investment Mgmt Fees	$26,498

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$35K

$332 / participant

Recordkeeping$8K24.1%
Investment mgmt$26K75.9%

% of EOY assets

0.470%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,388

$71,534-3.0%

$98,462-29.5%

$71,529-3.0%

Participation rate

90.5%

72.7%+17.8pp

75.2%+15.3pp

67.9%+22.5pp

Annual return

23.80%

32.44%-8.6pp

21.17%+2.6pp

28.97%-5.2pp

Employer contribution / active EE

$1,303

$2,399-45.7%

$3,049-57.3%

$2,590-49.7%

Participant deferral / active EE

$3,432

$4,109-16.5%

$4,738-27.6%

$4,291-20.0%

Admin fee / account holder

$326

$1,677-80.5%

$8,875-96.3%

$1,588-79.5%

Provider

Service type

Compensation

DANIEL H. COOK ASSOCIATES, INC7 years

Filed as: DANIEL O'CONNELL

Service code 51

400 METRO PL NORTH · DUBLIN, OH 43017

Investment Mgmt Fees

$26,498

LOGAN CLAY PRODUCTS COMPANY 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOGAN CLAY PRODUCTS COMPANY 401(K) PLAN AND TRUST

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