Retirement plan

CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN

Name: CLEAR RIDGE WEALTH MANAGEMENT - CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN (2018) Form 5500
Creator: CLEAR RIDGE WEALTH MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN, CLEAR RIDGE WEALTH MANAGEMENT

CLEAR RIDGE WEALTH MANAGEMENTEIN 47-1540293Plan #001PY 2018

259 E MICHIGAN AVE STE 105 - KALAMAZOO, MI 490073923269-381-1700clearridgewm.comLinkedIn1-10 employeesfinancial services

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$120K

+113.9% from 2017

Total participants

0.0% from 2017

Average account balance

$59,887

+113.9% from 2017

Annual return

-30.98%

-39.06 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

$51K

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

-130.04%

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

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 codes2E2F2G2J3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,887

$160,059-62.6%

$140,019-57.2%

$135,380-55.8%

Participation rate

66.7%

88.5%-21.9pp

87.5%-20.8pp

82.6%-16.0pp

Annual return

-30.98%

911.48%-942.5pp

651.17%-682.2pp

519.81%-550.8pp

Employer contribution / active EE

$20,875

$6,420+225.2%

$5,605+272.4%

$4,779+336.8%

Participant deferral / active EE

$6,167

$7,641-19.3%

$6,927-11.0%

$5,609+9.9%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,828-100.0%

CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion