Retirement plan

GAGNON CLAY PRODUCTS COMPANY 401(K) PROFIT SHARING PLAN

Name: GAGNON CLAY PRODUCTS COMPANY - GAGNON CLAY PRODUCTS COMPANY 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: GAGNON CLAY PRODUCTS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GAGNON CLAY PRODUCTS COMPANY 401(K) PROFIT SHARING PLAN, GAGNON CLAY PRODUCTS COMPANY

GAGNON CLAY PRODUCTS COMPANYEIN 39-0296240Plan #001PY 2022

2770 SOUTH ASHLAND AVENUE - GREEN BAY, WI 54304920-498-8549gagnonclayproducts.comLinkedIn11-50 employeesbuilding materials

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.3M

-9.1% from 2021

Total participants

-3.2% from 2021

Average account balance

$55,151

-5.2% from 2021

Annual return

-13.73%

-33.46 pp from 2021

Benchmarks

See 17,347 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,347 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

110.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$162K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3950

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 codes3D2E2G2J2F2T

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$55K

$1964 / participant

Other / not subdivided$55K100.0%

% of EOY assets

4.335%

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

$55,151

$64,716-14.8%

$112,258-50.9%

$68,495-19.5%

Participation rate

75.0%

67.2%+7.8pp

75.1%-0.1pp

67.9%+7.1pp

Annual return

-13.73%

-11.40%-2.3pp

27.47%-41.2pp

-7.84%-5.9pp

Employer contribution / active EE

$2,746-100.0%

$3,636-100.0%

$2,596-100.0%

Participant deferral / active EE

$4,229

$3,565+18.6%

$4,728-10.6%

$4,028+5.0%

Admin fee / account holder

$2,391

$5,232-54.3%

$6,411-62.7%

$5,403-55.8%

GAGNON CLAY PRODUCTS COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GAGNON CLAY PRODUCTS COMPANY 401(K) PROFIT SHARING 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