Retirement plan

CLEARY EMPLOYEES SAVINGS AND RETIREMENT PLAN

Name: CLEARY BUILDING CORPORATION - CLEARY EMPLOYEES SAVINGS AND RETIREMENT PLAN (2016) Form 5500
Creator: CLEARY BUILDING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARY EMPLOYEES SAVINGS AND RETIREMENT PLAN, CLEARY BUILDING CORPORATION

CLEARY BUILDING CORPORATIONEIN 39-1292564Plan #001PY 2016

190 PAOLI ST - VERONA, WI 53593608-845-9700clearybuilding.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$10.5M

+9.2% from 2015

Total participants

707

-9.4% from 2015

Average account balance

$18,316

+22.0% from 2015

Annual return

8.82%

+8.35 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.33M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

983

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.90M

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

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$52,528
VALMARK ADVISERS INC2+ years Filed as: VALMARK SECURITIES INC Service code 55 130 SPRINGSIDE DR #300 · AKRON, OH 44333	Other Commissions	$27,749
VALMARK ADVISERS INC2+ years Filed as: VALMARK ADVISERS, INC. Service code 27 130 SPRINGSIDE DRIVE · AKRON, OH 44333	Advisory (Plan)	$8,165
WIPFLI LLP1 year Service code 10 11 SCOTT STREET · WAUSAU, WI 54403	Accounting	$5,900
KELLY FINANCIAL, INC.2+ years Service code 13 120 E. LAKESIDE STREET · MADISON, WI 53715	Contract Administrator	$3,250
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,253

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$72K

$123 / participant

Contract admin$72K100.0%

% of EOY assets

0.689%

all-in expense ratio

Categories reported

1 / 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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,316

$57,921-68.4%

$84,753-78.4%

$57,658-68.2%

Participation rate

76.8%

72.9%+3.9pp

76.6%+0.2pp

70.2%+6.6pp

Annual return

8.82%

10.24%-1.4pp

22.78%-14.0pp

5.13%+3.7pp

Employer contribution / active EE

$2,598-100.0%

$3,574-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,679

$2,742-38.8%

$3,712-54.8%

$3,061-45.2%

Admin fee / account holder

$126

$130-2.6%

$5,333-97.6%

$95+33.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$52,528

VALMARK ADVISERS INC2+ years

Filed as: VALMARK SECURITIES INC

Service code 55

130 SPRINGSIDE DR #300 · AKRON, OH 44333

Other Commissions

$27,749

VALMARK ADVISERS INC2+ years

Filed as: VALMARK ADVISERS, INC.

Service code 27

130 SPRINGSIDE DRIVE · AKRON, OH 44333

Advisory (Plan)

$8,165

WIPFLI LLP1 year

Service code 10

11 SCOTT STREET · WAUSAU, WI 54403

Accounting

$5,900

KELLY FINANCIAL, INC.2+ years

Service code 13

120 E. LAKESIDE STREET · MADISON, WI 53715

Contract Administrator

$3,250

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,253

CLEARY EMPLOYEES SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARY EMPLOYEES SAVINGS AND RETIREMENT 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