Retirement plan

JOHNSTONE SUPPLY OF DETROIT 401(K) PLAN

Name: CHESTER LIMITED MIDWEST, LLC - JOHNSTONE SUPPLY OF DETROIT 401(K) PLAN (2024) Form 5500
Creator: CHESTER LIMITED MIDWEST, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHNSTONE SUPPLY OF DETROIT 401(K) PLAN, CHESTER LIMITED MIDWEST, LLC

CHESTER LIMITED MIDWEST, LLCEIN 38-3336773Plan #001PY 2024

927 BROWN ROAD - ORION, MI 48359248-630-7137

Prospect flagsRecently cancelled planLow returnsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

-100.0% from 2023

Total participants

-100.0% from 2023

Average account balance

-100.0% from 2023

Annual return

-90.85%

-103.23 pp from 2023

Benchmarks

See 23,950 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,950 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-90.85%

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64	Recordkeeping Fees	$7,257
GREGORY J SCHWARTZ & COMPANY INC4 years Filed as: GREGORY J. SCHWARTZ & COMPANY, INC. Service code 27	Advisory (Plan)	$6,862
MICHIGAN BENEFIT CONSULTING, INC.4 years Service code 13	Contract Administrator	$1,320

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$16K

Recordkeeping$16K100.0%

% of EOY assets

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GORDON ADVISORS, P.C.
Auditor EIN: 382656556
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,984-100.0%

$164,813-100.0%

$145,922-100.0%

Participation rate

0.0%

82.0%-82.0pp

78.6%-78.6pp

80.3%-80.3pp

Annual return

-90.85%

100.03%-190.9pp

69.93%-160.8pp

561.29%-652.1pp

Employer contribution / active EE

$5,273-100.0%

$4,341-100.0%

$4,660-100.0%

Participant deferral / active EE

$6,959-100.0%

$6,031-100.0%

$6,688-100.0%

Admin fee / account holder

$16,648-100.0%

$12,690-100.0%

$13,397-100.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

Recordkeeping Fees

$7,257

GREGORY J SCHWARTZ & COMPANY INC4 years

Filed as: GREGORY J. SCHWARTZ & COMPANY, INC.

Service code 27

Advisory (Plan)

$6,862

MICHIGAN BENEFIT CONSULTING, INC.4 years

Service code 13

Contract Administrator

$1,320

JOHNSTONE SUPPLY OF DETROIT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHNSTONE SUPPLY OF DETROIT 401(K) PLAN

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