Retirement plan

THE CLOWES FUND, INC. 403(B) RETIREMENT PLAN

Name: THE CLOWES FUND, INC. - THE CLOWES FUND, INC. 403(B) RETIREMENT PLAN (2023) Form 5500
Creator: THE CLOWES FUND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CLOWES FUND, INC. 403(B) RETIREMENT PLAN, THE CLOWES FUND, INC.

THE CLOWES FUND, INC.EIN 35-1079679Plan #001PY 2023

320 N MERIDIAN ST STE 316 - INDIANAPOLIS, IN 46204317-833-0144clowesfund.orgLinkedIn1-10 employeesphilanthropy

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 31, 2019 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

320 N. Meridian Street, Suite 316

Indianapolis, IN 46204

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Plans declared (2)

The Clowes Fund, Incorporated Executive Deferred Compensation Plan1 emp
The Clowes Fund, Incorporated Supplemental Executive Deferred Compensation Plan1 emp

Total covered: 2 employees

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Total assets (EOY)

$567K

No prior year

Total participants

No prior year

Average account balance

$141,846

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 41,894 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,894 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+19.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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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 codes2M3D2G2F2T2L

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$141,846

$96,630+46.8%

$86,605+63.8%

$139,427+1.7%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

0.00%

106.48%-106.5pp

591.39%-591.4pp

373.27%-373.3pp

Employer contribution / active EE

$8,529

$3,264+161.3%

$3,023+182.1%

$4,752+79.5%

Participant deferral / active EE

$6,375

$4,836+31.8%

$4,438+43.7%

$6,711-5.0%

Admin fee / account holder

$6,405-100.0%

$5,611-100.0%

$11,404-100.0%

THE CLOWES FUND, INC. 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE CLOWES FUND, INC. 403(B) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion