Retirement plan

CV INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: CV INDUSTRIES, INC. - CV INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: CV INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CV INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, CV INDUSTRIES, INC.

CV INDUSTRIES, INC.EIN 56-1043374Plan #001PY 2024

1000 PERKINS ROAD - VALDESE, NC 28690828-874-2181

Other plans on this EIN

1 filing

#002Retirement-$34.5M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed September 12, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

602 East Morehead Street

Charlotte State: NC Zip Code: 28202

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Plans declared (1)

Supplemental Retirement Plan Agreement1 emp

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Total assets (EOY)

$57.3M

-8.8% from 2023

Total participants

1,019

-5.9% from 2023

Average account balance

$56,475

-2.8% from 2023

Annual return

-6.21%

-16.39 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.27M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

1,014

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

-6.21%

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

1 years with F_SCH_H allocation on file

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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 codes2A2I2P2Q3I

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

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

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH LEONARD PLLC
Auditor EIN: 205907591
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,475

$66,459-15.0%

$81,353-30.6%

$77,736-27.4%

Participation rate

99.0%

68.7%+30.3pp

69.5%+29.4pp

70.6%+28.4pp

Annual return

-6.21%

15.95%-22.2pp

24.82%-31.0pp

31.26%-37.5pp

Employer contribution / active EE

$4,848

$2,156+124.8%

$2,464+96.7%

$2,728+77.7%

Participant deferral / active EE

$3,674-100.0%

$3,885-100.0%

$4,651-100.0%

Admin fee / account holder

$585-100.0%

$5,766-100.0%

$433-100.0%

CV INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CV INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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