Retirement plan

CHANEY ENTERPRISES COMPANIES 401(K) PROFIT SHARING PLAN

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

CHANEY MATERIALS, LLCEIN 52-1702211Plan #001PY 2024

2661 RIVA ROAD, BUILDING 900 - ANNAPOLIS, MD 21401301-843-6101

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed August 5, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$70.1M

-0.2% from 2023

Total participants

864

+1.1% from 2023

Average account balance

$81,171

-2.3% from 2023

Annual return

11.68%

-12.38 pp from 2023

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.13M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

864

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$210

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346	Recordkeeping	$88,855
COASTAL PENSION SERVICES9 years Service code 16 · EIN 52-1053785	Consulting	$35,820
RBC WEALTH MANAGEMENT9 years Filed as: RBC CAPITAL MARKETS CORP. Service code 26 · EIN 41-1416330	Advisory (Participants)	$35,000

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$182K

$288 / participant

Recordkeeping$89K48.9%
Investment mgmt$35K19.3%
Other trustee fees$18K10.0%
Contract admin$36K19.7%
Other / not subdivided$4K2.1%

% of EOY assets

0.259%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,171

$92,186-11.9%

$105,624-23.2%

$77,762+4.4%

Participation rate

100.0%

81.0%+19.0pp

75.3%+24.7pp

70.6%+29.4pp

Annual return

11.68%

17.83%-6.1pp

116.20%-104.5pp

31.27%-19.6pp

Employer contribution / active EE

$3,907

$3,376+15.7%

$3,168+23.3%

$2,728+43.2%

Participant deferral / active EE

$5,753

$5,395+6.6%

$5,013+14.8%

$4,651+23.7%

Admin fee / account holder

$210

$219-4.0%

$10,961-98.1%

$433-51.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$88,855

COASTAL PENSION SERVICES9 years

Service code 16 · EIN 52-1053785

Consulting

$35,820

RBC WEALTH MANAGEMENT9 years

Filed as: RBC CAPITAL MARKETS CORP.

Service code 26 · EIN 41-1416330

Advisory (Participants)

$35,000

CHANEY ENTERPRISES COMPANIES 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHANEY ENTERPRISES COMPANIES 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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