Retirement plan

CLOCKWORK LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST

Name: CLOCKWORK LOGISTICS INC - CLOCKWORK LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: CLOCKWORK LOGISTICS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLOCKWORK LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST, CLOCKWORK LOGISTICS INC

CLOCKWORK LOGISTICS INCEIN 34-1644010Plan #001PY 2024

4765 E 131ST ST - GARFIELD HEIGHTS, OH 441057131216-581-0707cwlog.comLinkedIn11-50 employeespackage/freight delivery

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$630K

+24.8% from 2023

Total participants

+28.6% from 2023

Average account balance

$89,947

+24.8% from 2023

Annual return

17.17%

-4.84 pp from 2023

Benchmarks

See 1,615 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,615 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$229K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82529

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 codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$120

$13 / participant

Other / not subdivided$120100.0%

% of EOY assets

0.019%

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

$89,947

$123,412-27.1%

$69,460+29.5%

$145,978-38.4%

Participation rate

77.8%

69.2%+8.6pp

66.4%+11.3pp

80.3%-2.5pp

Annual return

17.17%

191.25%-174.1pp

100.80%-83.6pp

550.52%-533.3pp

Employer contribution / active EE

$1,285

$2,684-52.1%

$1,714-25.0%

$4,662-72.4%

Participant deferral / active EE

$3,017

$4,240-28.8%

$2,890+4.4%

$6,690-54.9%

Admin fee / account holder

$17

$7,816-99.8%

$4,695-99.6%

$13,400-99.9%

CLOCKWORK LOGISTICS INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLOCKWORK LOGISTICS INC 401(K) PROFIT SHARING PLAN & 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