Retirement plan

CLEARY CONSTRUCTION 401(K) PLAN

Name: CLEARY CONSTRUCTION, INC. - CLEARY CONSTRUCTION 401(K) PLAN (2024) Form 5500
Creator: CLEARY CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARY CONSTRUCTION 401(K) PLAN, CLEARY CONSTRUCTION, INC.

CLEARY CONSTRUCTION, INC.EIN 61-1279574Plan #001PY 2024

2006 EDMONTON RD - TOMPKINSVILLE, KY 42167270-487-1784clearyconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.5M

+38.4% from 2023

Total participants

323

+9.9% from 2023

Average account balance

$41,147

-8.9% from 2023

Annual return

15.26%

-7.98 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.50M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

231

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES3 years Service code 15 · EIN 16-1450952	Recordkeeping	$18,645
FRANKLIN BANK2 years Service code 19 · EIN 61-0547583	Securities Custodian	$17,345

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$36K

$129 / participant

Recordkeeping$19K51.8%
Trustee / custodial$17K48.2%

% of EOY assets

0.379%

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: FORVIS MAZARS, LLP.
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,147

$82,972-50.4%

$103,374-60.2%

$77,671-47.0%

Participation rate

67.1%

71.5%-4.4pp

74.5%-7.4pp

70.6%-3.4pp

Annual return

15.26%

19.14%-3.9pp

24.89%-9.6pp

31.21%-16.0pp

Employer contribution / active EE

$2,679

$3,554-24.6%

$3,869-30.8%

$2,726-1.7%

Participant deferral / active EE

$3,785

$4,108-7.9%

$5,058-25.2%

$4,648-18.6%

Admin fee / account holder

$156

$639-75.6%

$8,394-98.1%

$430-63.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES3 years

Service code 15 · EIN 16-1450952

Recordkeeping

$18,645

FRANKLIN BANK2 years

Service code 19 · EIN 61-0547583

Securities Custodian

$17,345

CLEARY CONSTRUCTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARY CONSTRUCTION 401(K) 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