Retirement plan

CLK MANAGEMENT CO., INC. 401(K) PROFIT SHARING PLAN

Name: CLK MANAGEMENT COMPANY, INC. - CLK MANAGEMENT CO., INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: CLK MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLK MANAGEMENT CO., INC. 401(K) PROFIT SHARING PLAN, CLK MANAGEMENT COMPANY, INC.

CLK MANAGEMENT COMPANY, INC.EIN 41-1491717Plan #001PY 2016

1440 EAST 40TH STREET - HIBBING, MN 55746218-262-6618

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.8M

+2.1% from 2015

Total participants

294

+14.4% from 2015

Average account balance

$6,220

-10.6% from 2015

Annual return

5.93%

+9.43 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.52M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

240

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.

66.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$485

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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

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 codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

1 tripped

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

$21K

$102 / participant

Investment mgmt$9K42.5%
Contract admin$3961.8%
Other / not subdivided$12K55.6%

% of EOY assets

1.225%

all-in expense ratio

Categories reported

2 / 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: D S & B, LTD
Auditor EIN: 411475695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,220

$25,723-75.8%

$69,182-91.0%

$55,167-88.7%

Participation rate

94.3%

39.4%+54.8pp

55.1%+39.2pp

69.0%+25.3pp

Annual return

5.93%

9.56%-3.6pp

-21.93%+27.9pp

169.23%-163.3pp

Employer contribution / active EE

$119

$480-75.2%

$1,206-90.1%

$1,963-93.9%

Participant deferral / active EE

$586

$963-39.2%

$1,897-69.1%

$3,054-80.8%

Admin fee / account holder

$76

$365-79.1%

$2,697-97.2%

$504-84.9%

CLK MANAGEMENT CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLK MANAGEMENT CO., INC. 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