Retirement plan

THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST

Name: CLENDENIN BROTHERS, INC. - THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST (2020) Form 5500
Creator: CLENDENIN BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST, CLENDENIN BROTHERS, INC.

CLENDENIN BROTHERS, INC.EIN 52-0274470Plan #001PY 2020

4309 ERDMAN AVENUE - BALTIMORE, MD 21213410-327-4500clendeninbrothers.comLinkedIn51-200 employees

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27M

+11.8% from 2019

Total participants

292

-4.9% from 2019

Average account balance

$97,919

+17.9% from 2019

Annual return

15.65%

-1.28 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.53M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

205

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$870K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$448

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 4 by compensation

Provider	Service type	Compensation
THE PFE GROUP2 years Service code 26 153 CORDAVILLE ROAD · SOUTHBOROUGH, MA 01772	Advisory (Participants)	$37,993
NWPS1 year Service code 37 · EIN 91-2090931 300 E JOPPA RD · TOWSON, MD 21286	Loan Processing	$31,005
BKD, LLP4 years Filed as: DIXON HUGHES GOODMAN LLP Service code 10 · EIN 56-0747891	Accounting	$12,750
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 50 12401 RESEARCH BLVD · AUSTIN, TX 78759	Direct Payment	$9,020

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$91K

$732 / participant

Investment mgmt$38K41.9%
Other / not subdivided$53K58.1%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747891
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,919

$73,638+33.0%

$95,964+2.0%

$73,497+33.2%

Participation rate

87.1%

76.2%+10.9pp

77.1%+10.0pp

70.7%+16.4pp

Annual return

15.65%

16.78%-1.1pp

91.64%-76.0pp

28.51%-12.9pp

Employer contribution / active EE

$1,774

$1,863-4.8%

$2,541-30.2%

$2,270-21.9%

Participant deferral / active EE

$3,613

$3,617-0.1%

$4,167-13.3%

$3,740-3.4%

Admin fee / account holder

$329

$482-31.8%

$6,797-95.2%

$513-35.9%

Provider

Service type

Compensation

THE PFE GROUP2 years

Service code 26

153 CORDAVILLE ROAD · SOUTHBOROUGH, MA 01772

Advisory (Participants)

$37,993

NWPS1 year

Service code 37 · EIN 91-2090931

300 E JOPPA RD · TOWSON, MD 21286

Loan Processing

$31,005

BKD, LLP4 years

Filed as: DIXON HUGHES GOODMAN LLP

Service code 10 · EIN 56-0747891

Accounting

$12,750

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK

Service code 50

12401 RESEARCH BLVD · AUSTIN, TX 78759

Direct Payment

$9,020

THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EMPLOYEES RETIREMENT AND SECTION 401(K) PLAN AND TRUST

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