Retirement plan

CLIMATE BY DESIGN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: CLIMATE BY DESIGN INTERNATIONAL, INC. - CLIMATE BY DESIGN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: CLIMATE BY DESIGN INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIMATE BY DESIGN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN & TRUST, CLIMATE BY DESIGN INTERNATIONAL, INC.

CLIMATE BY DESIGN INTERNATIONAL, INC.EIN 41-1697241Plan #005PY 2018

2100 PARK DRIVE, PO BOX 288 - OWATONNA, MN 55060507-451-2198cdihvac.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow employer contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$4.4M

-6.1% from 2017

Total participants

139

+6.9% from 2017

Average account balance

$38,226

-19.1% from 2017

Annual return

-4.87%

-26.79 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.31M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

238

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

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

+17.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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 2 by compensation

Provider	Service type	Compensation
GOLDLEAF PARTNERS1 year Service code 13 8009 34TH AVE S, SUITE 320 · MINNEAPOLIS, MN 55425	Contract Administrator	$6,393
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$625

Plan features & details

Pension benefit codes2E2J2K2F2G2T3D

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$7K

$60 / participant

Contract admin$7K100.0%

% of EOY assets

0.165%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,226

$59,191-35.4%

$76,767-50.2%

$56,289-32.1%

Participation rate

80.2%

75.2%+4.9pp

77.0%+3.2pp

69.9%+10.3pp

Annual return

-4.87%

6.62%-11.5pp

2.43%-7.3pp

-9.96%+5.1pp

Employer contribution / active EE

$443

$1,759-74.8%

$2,485-82.2%

$2,111-79.0%

Participant deferral / active EE

$2,899

$3,255-11.0%

$3,852-24.7%

$3,350-13.5%

Admin fee / account holder

$63

$489-87.1%

$6,675-99.1%

$521-87.9%

Provider

Service type

Compensation

GOLDLEAF PARTNERS1 year

Service code 13

8009 34TH AVE S, SUITE 320 · MINNEAPOLIS, MN 55425

Contract Administrator

$6,393

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$625

CLIMATE BY DESIGN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIMATE BY DESIGN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN & TRUST

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