Retirement plan

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION

Name: CKL CORPORATION - IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION (2023) 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, CKL CORPORATION

CKL CORPORATIONEIN 38-1994427Plan #001PY 2023

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

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$12.4M

+20.3% from 2022

Total participants

385

+8.8% from 2022

Average account balance

$59,447

+18.6% from 2022

Annual return

17.38%

+32.23 pp from 2022

Benchmarks

See 1,359 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,359 peers

Snapshot2023

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 1 by compensation

Provider	Service type	Compensation
GREENLEAF TRUST6 years Service code 37 · EIN 38-3416104	Loan Processing	$55,656

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$60K

$192 / participant

Recordkeeping$11K18.2%
Investment mgmt$49K81.8%

% of EOY assets

0.482%

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: PLANTE MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,447

$91,394-35.0%

$130,026-54.3%

$74,440-20.1%

Participation rate

42.9%

77.8%-34.9pp

78.5%-35.6pp

70.7%-27.8pp

Annual return

17.38%

23.20%-5.8pp

-137.26%+154.6pp

34.37%-17.0pp

Employer contribution / active EE

$1,131

$2,565-55.9%

$4,321-73.8%

$2,638-57.1%

Participant deferral / active EE

$1,943

$4,721-58.8%

$5,821-66.6%

$4,529-57.1%

Admin fee / account holder

$287

$284+1.1%

$10,608-97.3%

$348-17.5%

Provider

Service type

Compensation

GREENLEAF TRUST6 years

Service code 37 · EIN 38-3416104

Loan Processing

$55,656

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPERIAL BEVERAGE COMPANY 401(K) SALARY REDUCTION

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