Retirement plan

CLK HR ACQUISITION, LLC DEFINED BENEFIT PENSION PLAN

Name: CLK HR ACQUISITION, LLC - CLK HR ACQUISITION, LLC DEFINED BENEFIT PENSION PLAN (2015) Form 5500
Creator: CLK HR ACQUISITION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLK HR ACQUISITION, LLC DEFINED BENEFIT PENSION PLAN, CLK HR ACQUISITION, LLC

CLK HR ACQUISITION, LLCEIN 46-2749077Plan #001PY 2015

72-295 MANUFACTURING ROAD - THOUSAND PALMS, CA 922766615760-341-2992LinkedIn201-500 employeesrestaurants

Prospect flagsLow returnsHigh cashLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

No prior year

Total participants

370

No prior year

Average account balance

No prior year

Annual return

-6.30%

No prior year

Benchmarks

See 1,443 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants100-249

Cohort1,443 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ACTUARIES UNLIMITED, INC.1+ years Service code 11 16030 VENTURA BOULEVARD, SUITE 320 · ENCINO, CA 914362769	Actuarial	$69,450
EISNERAMPER LLP1+ years Filed as: HOLTHOUSE CARLIN & VAN TRIGHT LLP Service code 10 400 W. VENTURA BLVD SUITE 250 · CAMARILLO, CA 93010	Accounting	$53,321
HIGHTOWER ADVISORS LLC1+ years Filed as: HIGHTOWER ADVSIORS LLC Service code 27 ONE EL PASO PLAZA · PALM DESERT, CA 922604415	Advisory (Plan)	$19,755

Enrolled actuary

1 attachment

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Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes1A3D1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$145K

$762 / participant

Investment mgmt$20K13.6%
Other / not subdivided$125K86.4%

% of EOY assets

6.145%

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: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,396-100.0%

$177,383-100.0%

$211,396-100.0%

Participation rate

0.0%

4.3%-4.3pp

23.8%-23.8pp

4.3%-4.3pp

Annual return

-6.30%

2.81%-9.1pp

-0.48%-5.8pp

2.81%-9.1pp

Employer contribution / active EE

$1,053

$16,358-93.6%

$23,357-95.5%

$16,358-93.6%

Participant deferral / active EE

$775-100.0%

$17-100.0%

$775-100.0%

Admin fee / account holder

$1,639-100.0%

$3,964-100.0%

$1,639-100.0%

Provider

Service type

Compensation

ACTUARIES UNLIMITED, INC.1+ years

Service code 11

16030 VENTURA BOULEVARD, SUITE 320 · ENCINO, CA 914362769

Actuarial

$69,450

EISNERAMPER LLP1+ years

Filed as: HOLTHOUSE CARLIN & VAN TRIGHT LLP

Service code 10

400 W. VENTURA BLVD SUITE 250 · CAMARILLO, CA 93010

Accounting

$53,321

HIGHTOWER ADVISORS LLC1+ years

Filed as: HIGHTOWER ADVSIORS LLC

Service code 27

ONE EL PASO PLAZA · PALM DESERT, CA 922604415

Advisory (Plan)

$19,755

CLK HR ACQUISITION, LLC DEFINED BENEFIT PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLK HR ACQUISITION, LLC DEFINED BENEFIT PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

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