Retirement plan

CLEARWING PRODUCTIONS, INC. 401(K) PLAN

Name: CLEARWING PRODUCTIONS, INC. - CLEARWING PRODUCTIONS, INC. 401(K) PLAN (2023) Form 5500
Creator: CLEARWING PRODUCTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARWING PRODUCTIONS, INC. 401(K) PLAN, CLEARWING PRODUCTIONS, INC.

CLEARWING PRODUCTIONS, INC.EIN 39-1579608Plan #001PY 2023

11101 WEST MITCHELL STREET - MILWAUKEE, WI 53214414-258-6333

Prospect flagsLow assets / participantLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.1M

+40.2% from 2022

Total participants

233

+12.0% from 2022

Average account balance

$19,134

+23.7% from 2022

Annual return

21.76%

+38.09 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.94M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

220

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$723K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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)

$95

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 5 by compensation

Provider	Service type	Compensation
WOODBURY FINANCIAL SERVICES2 years Service code 55	Other Commissions	$13,059
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,623
BLUE CHIP RETIREMENT PLANS, INC.7 years Service code 13 · EIN 39-1974154 6737 W. WASHINGTON ST-STE 1105 · MILWAUKEE, WI 53214	Contract Administrator	$4,425
BLUE CHIP RETIREMENT PLANS, INC.7 years Filed as: BLUE CHIP RETIREMENT PLANS, IN Service code 13	Contract Administrator	$3,320
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL SERVICES INC. Service code 55 7755 3RD ST N · OAKDALE, MN 55128	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$100 / participant

Recordkeeping$16K100.0%

% of EOY assets

0.387%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DWAYNE JOHNSON & ASSOC
Auditor EIN: 391750654
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,134

$76,696-75.1%

$96,515-80.2%

$71,511-73.2%

Participation rate

87.3%

66.6%+20.8pp

74.3%+13.0pp

67.9%+19.4pp

Annual return

21.76%

48.32%-26.6pp

35.73%-14.0pp

28.86%-7.1pp

Employer contribution / active EE

$413

$3,032-86.4%

$3,740-89.0%

$2,589-84.1%

Participant deferral / active EE

$3,541

$3,770-6.1%

$4,880-27.4%

$4,291-17.5%

Admin fee / account holder

$74

$2,030-96.4%

$6,735-98.9%

$1,588-95.3%

Provider

Service type

Compensation

WOODBURY FINANCIAL SERVICES2 years

Service code 55

Other Commissions

$13,059

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,623

BLUE CHIP RETIREMENT PLANS, INC.7 years

Service code 13 · EIN 39-1974154

6737 W. WASHINGTON ST-STE 1105 · MILWAUKEE, WI 53214

Contract Administrator

$4,425

BLUE CHIP RETIREMENT PLANS, INC.7 years

Filed as: BLUE CHIP RETIREMENT PLANS, IN

Service code 13

Contract Administrator

$3,320

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL SERVICES INC.

Service code 55

7755 3RD ST N · OAKDALE, MN 55128

Other Commissions

CLEARWING PRODUCTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARWING PRODUCTIONS, INC. 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