Retirement plan

CHEM GRO 401(K) PLAN

Name: CHEM GRO OF HOUGHTON, INC. - CHEM GRO 401(K) PLAN (2024) Form 5500
Creator: CHEM GRO OF HOUGHTON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHEM GRO 401(K) PLAN, CHEM GRO OF HOUGHTON, INC.

CHEM GRO OF HOUGHTON, INC.EIN 42-0934124Plan #001PY 2024

P.O. BOX 76 - HOUGHTON, IA 52631319-469-2611chemgroia.comLinkedIn51-200 employeesfarming

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.5M

+22.2% from 2023

Total participants

227

+17.0% from 2023

Average account balance

$78,003

+24.2% from 2023

Annual return

13.27%

-4.61 pp from 2023

Benchmarks

See 575 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort575 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.51M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

186

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.27%

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

Top 3 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC8 years Filed as: NYLIFE SECURITIES INC Service code 55 ATTN FINANCIAL MANAGEMENT · NEW YORK, NY 10010	Other Commissions	$28,897
CLIFTONLARSONALLEN LLP8 years Filed as: CLIFTONLARSONALLEN Service code 10 · EIN 41-0746749	Accounting	$6,300
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$13,761

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $6,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,003

$62,393+25.0%

$120,580-35.3%

$74,478+4.7%

Participation rate

78.4%

56.8%+21.7pp

72.0%+6.5pp

67.2%+11.2pp

Annual return

13.27%

18.61%-5.3pp

107.48%-94.2pp

1370.56%-1357.3pp

Employer contribution / active EE

$3,789

$1,845+105.4%

$3,469+9.2%

$2,626+44.3%

Participant deferral / active EE

$5,990

$2,886+107.6%

$4,995+19.9%

$4,350+37.7%

Admin fee / account holder

-$40

$2,396-101.7%

$9,418-100.4%

$1,946-102.1%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC8 years

Filed as: NYLIFE SECURITIES INC

Service code 55

ATTN FINANCIAL MANAGEMENT · NEW YORK, NY 10010

Other Commissions

$28,897

CLIFTONLARSONALLEN LLP8 years

Filed as: CLIFTONLARSONALLEN

Service code 10 · EIN 41-0746749

Accounting

$6,300

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$13,761

CHEM GRO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHEM GRO 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