Retirement plan

CLEVELAND GROUP, INC. AND SUBSIDIARIES 401(K) PROFIT SHARING PLAN

Name: CLEVELAND GROUP, INC. - CLEVELAND GROUP, INC. AND SUBSIDIARIES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CLEVELAND GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEVELAND GROUP, INC. AND SUBSIDIARIES 401(K) PROFIT SHARING PLAN, CLEVELAND GROUP, INC.

CLEVELAND GROUP, INC.EIN 58-6019940Plan #001PY 2023

3715 NORTHSIDE PARKWAY, NW, BLDG 100-800 - ATLANTA, GA 30327678-462-7861LinkedIn1-10 employeestelecommunications

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$34.5M

+14.4% from 2022

Total participants

169

+3.0% from 2022

Average account balance

$223,981

+8.4% from 2022

Annual return

17.03%

+33.85 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.49M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

172

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.

87.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.54%

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY GLOBAL BANKING Service code 27 1300 THAMES STREET · BALTIMORE, MD 21231	Advisory (Plan)	$13,998
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 16 1585 BROADWAY · NEW YORK, NY 10036	Consulting	$13,512
T ROWE PRICE RPS INC9+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$1,140

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$212 / participant

Recordkeeping$1K4.0%
Investment mgmt$14K48.9%
Other / not subdivided$14K47.2%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDHAM BRANNON, LLC
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,981

$76,696+192.0%

$96,515+132.1%

$71,511+213.2%

Participation rate

88.9%

66.6%+22.3pp

74.3%+14.5pp

67.9%+21.0pp

Annual return

17.03%

48.32%-31.3pp

35.73%-18.7pp

28.86%-11.8pp

Employer contribution / active EE

$2,298

$3,032-24.2%

$3,740-38.6%

$2,589-11.3%

Participant deferral / active EE

$10,057

$3,770+166.7%

$4,880+106.1%

$4,291+134.4%

Admin fee / account holder

$186

$2,030-90.8%

$6,735-97.2%

$1,588-88.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY GLOBAL BANKING

Service code 27

1300 THAMES STREET · BALTIMORE, MD 21231

Advisory (Plan)

$13,998

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 16

1585 BROADWAY · NEW YORK, NY 10036

Consulting

$13,512

T ROWE PRICE RPS INC9+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$1,140

CLEVELAND GROUP, INC. AND SUBSIDIARIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEVELAND GROUP, INC. AND SUBSIDIARIES 401(K) PROFIT SHARING 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