Retirement plan

CLAY INGELS CO., LLC RETIREMENT SAVINGS PLAN

Name: CLAY INGELS CO., LLC - CLAY INGELS CO., LLC RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: CLAY INGELS CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLAY INGELS CO., LLC RETIREMENT SAVINGS PLAN, CLAY INGELS CO., LLC

CLAY INGELS CO., LLCEIN 61-0506067Plan #002PY 2020

914 DELAWARE AVENUE - LEXINGTON, KY 40505859-252-0836LinkedIn1-10 employees

Prospect flagsLow returnsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.2M

-11.3% from 2019

Total participants

133

+9.9% from 2019

Average account balance

$168,365

-14.8% from 2019

Annual return

8.63%

-12.61 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.36M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

307

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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 5 by compensation

Provider	Service type	Compensation
BENEFITS PLUS2 years Service code 99 · EIN 61-1104063	Other Fees	$8,325
RFH, PLLC1 year Service code 99 · EIN 11-1000111	Other Fees	$6,843
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,947
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INS. AND ANNUITY CO Service code 27	Advisory (Plan)	$5,947
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$16K

$139 / participant

Contract admin$16K100.0%

% of EOY assets

0.093%

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: RFH , PLLC
Auditor EIN: 201518594
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,365

$54,573+208.5%

$90,970+85.1%

$73,497+129.1%

Participation rate

73.0%

61.2%+11.9pp

69.0%+4.0pp

70.7%+2.4pp

Annual return

8.63%

16.69%-8.1pp

134.60%-126.0pp

28.51%-19.9pp

Employer contribution / active EE

$2,929

$991+195.4%

$2,122+38.0%

$2,270+29.0%

Participant deferral / active EE

$3,644

$2,517+44.8%

$3,373+8.0%

$3,740-2.6%

Admin fee / account holder

$157

$521-69.9%

$5,961-97.4%

$513-69.4%

Provider

Service type

Compensation

BENEFITS PLUS2 years

Service code 99 · EIN 61-1104063

Other Fees

$8,325

RFH, PLLC1 year

Service code 99 · EIN 11-1000111

Other Fees

$6,843

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,947

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INS. AND ANNUITY CO

Service code 27

Advisory (Plan)

$5,947

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

CLAY INGELS CO., LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLAY INGELS CO., LLC RETIREMENT SAVINGS 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