Retirement plan

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION PLAN & TRUST

Name: CKL CORPORATION - IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION PLAN & TRUST (2017) Form 5500
Creator: CKL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION PLAN & TRUST, CKL CORPORATION

CKL CORPORATIONEIN 38-1994427Plan #001PY 2017

3825 EMERALD DRIVE - KALAMAZO, MI 49001269-382-0698

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh cashLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+29.4% from 2016

Total participants

224

+8.2% from 2016

Average account balance

$33,809

+46.2% from 2016

Annual return

16.38%

+5.72 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.76M

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.

203

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.

42.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070	Contract Administrator	$25,918
RETIREMENT PLANNING SERVICES, INC.2+ years Filed as: RETIREMENT PLANNING, INC. Service code 15 500 CASCADE WEST PARKWAY SE STE 210 · GRAND RAPIDS, MI 49546	Recordkeeping	$2,905

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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$29K

$140 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.479%

all-in expense ratio

Categories reported

0 / 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: DOLINKA, VANNOORD & COMPANY, PLLP
Auditor EIN: 382326290
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,809

$71,192-52.5%

$117,861-71.3%

$62,293-45.7%

Participation rate

77.7%

74.2%+3.4pp

79.7%-2.0pp

69.5%+8.2pp

Annual return

16.38%

18.66%-2.3pp

335.11%-318.7pp

28.90%-12.5pp

Employer contribution / active EE

$1,293

$1,934-33.1%

$3,786-65.8%

$2,042-36.7%

Participant deferral / active EE

$2,058

$3,189-35.5%

$4,482-54.1%

$3,169-35.1%

Admin fee / account holder

$162

$587-72.4%

$8,021-98.0%

$479-66.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$25,918

RETIREMENT PLANNING SERVICES, INC.2+ years

Filed as: RETIREMENT PLANNING, INC.

Service code 15

500 CASCADE WEST PARKWAY SE STE 210 · GRAND RAPIDS, MI 49546

Recordkeeping

$2,905

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION 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