Retirement plan

CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN

Name: CLEAR RIDGE WEALTH MANAGEMENT - CLEAR RIDGE WEALTH MANAGEMENT INDIVIDUAL 401(K) PLAN (2019) 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 2019

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)

$170K

+42.0% from 2018

Total participants

0.0% from 2018

Average account balance

$85,046

+42.0% from 2018

Annual return

12.32%

+43.30 pp from 2018

Benchmarks

See 31,989 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,989 peers

Snapshot2019

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

$85,046

$184,000-53.8%

$162,185-47.6%

$152,909-44.4%

Participation rate

66.7%

88.5%-21.8pp

87.6%-20.9pp

82.5%-15.8pp

Annual return

12.32%

150.80%-138.5pp

115.61%-103.3pp

345.46%-333.1pp

Employer contribution / active EE

$5,521

$6,370-13.3%

$5,613-1.6%

$4,764+15.9%

Participant deferral / active EE

$6,333

$8,033-21.2%

$7,297-13.2%

$5,851+8.2%

Admin fee / account holder

$13,124-100.0%

$10,844-100.0%

$11,601-100.0%

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