Retirement plan

CLK HR ACQUISITION, LLC 401(K) PROFIT SHARING PLAN

Name: CLK HR ACQUISITION, LLC - CLK HR ACQUISITION, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: CLK HR ACQUISITION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLK HR ACQUISITION, LLC 401(K) PROFIT SHARING PLAN, CLK HR ACQUISITION, LLC

CLK HR ACQUISITION, LLCEIN 46-2749077Plan #002PY 2024

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

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.7M

+17.1% from 2023

Total participants

336

-7.9% from 2023

Average account balance

$31,211

+32.1% from 2023

Annual return

11.56%

-3.72 pp from 2023

Benchmarks

See 940 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort940 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.65M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

117

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.

30.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$515K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$275

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC5 years Filed as: HIGHTOWER ADVISORS, LLC Service code 27 · EIN 36-4500709	Advisory (Plan)	$17,001
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$8,417
ACTUARIES UNLIMITED, INC.1 year Service code 13 · EIN 95-3654973	Contract Administrator	$8,183
WILSHIRE ASSOCIATES INCORPORATED7 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$32K

$101 / participant

Investment mgmt$17K52.9%
Contract admin$15K47.1%

% of EOY assets

0.881%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,211

$29,548+5.6%

$56,411-44.7%

$77,643-59.8%

Participation rate

30.9%

32.7%-1.8pp

52.5%-21.6pp

70.6%-39.7pp

Annual return

11.56%

19.01%-7.5pp

1701.33%-1689.8pp

31.24%-19.7pp

Employer contribution / active EE

$609

$568+7.2%

$1,039-41.4%

$2,726-77.7%

Participant deferral / active EE

$1,015

$1,061-4.3%

$1,952-48.0%

$4,647-78.2%

Admin fee / account holder

$275

$1,046-73.7%

$2,829-90.3%

$430-36.1%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC5 years

Filed as: HIGHTOWER ADVISORS, LLC

Service code 27 · EIN 36-4500709

Advisory (Plan)

$17,001

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,417

ACTUARIES UNLIMITED, INC.1 year

Service code 13 · EIN 95-3654973

Contract Administrator

$8,183

WILSHIRE ASSOCIATES INCORPORATED7 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

CLK HR ACQUISITION, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLK HR ACQUISITION, LLC 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