Retirement plan

CLEMENTS FUNERAL SERVICE, INC. SAVINGS AND INVESTMENT PLAN

Name: CLEMENTS FUNERAL SERVICE, INC. - CLEMENTS FUNERAL SERVICE, INC. SAVINGS AND INVESTMENT PLAN (2022) Form 5500
Creator: CLEMENTS FUNERAL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEMENTS FUNERAL SERVICE, INC. SAVINGS AND INVESTMENT PLAN, CLEMENTS FUNERAL SERVICE, INC.

CLEMENTS FUNERAL SERVICE, INC.EIN 56-0653279Plan #001PY 2022

1105 BROAD STREET - DURHAM, NC 27705919-286-1224clementsfuneralservice.comLinkedIn1-10 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

-10.9% from 2021

Total participants

0.0% from 2021

Average account balance

$234,165

-6.4% from 2021

Annual return

-10.88%

-22.39 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.42M

Not enough data

1 years with asset history on file

Average account balance

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

$214K

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.

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$144K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21158

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 codes2E2F2G2J3D

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.
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

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

$159K

$9342 / participant

Other / not subdivided$159K100.0%

% of EOY assets

3.391%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$234,165

$92,684+152.6%

$82,706+183.1%

$134,509+74.1%

Participation rate

70.6%

75.2%-4.6pp

72.6%-2.0pp

81.2%-10.6pp

Annual return

-10.88%

945.84%-956.7pp

701.76%-712.6pp

418.13%-429.0pp

Employer contribution / active EE

$4,402

$3,272+34.6%

$3,007+46.4%

$4,741-7.1%

Participant deferral / active EE

$4,918

$4,800+2.5%

$4,394+11.9%

$6,400-23.2%

Admin fee / account holder

$7,941

$5,982+32.8%

$5,329+49.0%

$11,427-30.5%

CLEMENTS FUNERAL SERVICE, INC. SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEMENTS FUNERAL SERVICE, INC. SAVINGS AND INVESTMENT 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