Retirement plan

THE KLOVER COMPANIES RETIREMENT SAVINGS PLAN

Name: KLOVER SEPA INC. - THE KLOVER COMPANIES RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: KLOVER SEPA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE KLOVER COMPANIES RETIREMENT SAVINGS PLAN, KLOVER SEPA INC.

KLOVER SEPA INC.EIN 81-5335337Plan #001PY 2022

1121 RICHLAND COMMERCE DRIVE, SUITE B - QUAKERTOWN, PA 18951215-536-7706

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.4M

-5.6% from 2021

Total participants

447

+12.9% from 2021

Average account balance

$27,646

-16.3% from 2021

Annual return

-15.37%

-27.98 pp from 2021

Benchmarks

See 3,001 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,001 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.94M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

360

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.37M

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 · EIN 31-1432329 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$45,252
PARK AVENUE SECURITIES LLC2+ years Filed as: PARK AVENUE SECURITIES Service code 27 · EIN 13-2615338 IMAGING SHARED SERVICES 1E · BETHLEHEM, PA 18017	Advisory (Plan)	$23,653
BLUESTEIN MICHAEL AND CO PC1 year Service code 10 115 WEST AVENUE · JENKINTOWN, PA 190462031	Accounting	$15,000
ATLANTIC PENSION SERVICES, INC.2+ years Filed as: ATLANTIC PENSION SERVICES Service code 15 · EIN 23-2942715 511 SCHOOLHOUSE ROAD · KENNETT SQUARE, PA 19348	Recordkeeping	$13,994
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC-PRCP Service code 27 · EIN 95-2834236 RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533	Advisory (Plan)	$12,039

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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).
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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$110K

$719 / participant

Investment mgmt$110K100.0%

% of EOY assets

0.890%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLUESTEINMICHAEL&COMPANY P.C.
Auditor EIN: 232808860
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,646

$64,138-56.9%

$112,258-75.4%

$66,930-58.7%

Participation rate

100.0%

68.5%+31.5pp

75.1%+24.9pp

69.8%+30.2pp

Annual return

-15.37%

-13.81%-1.6pp

27.47%-42.8pp

1.57%-16.9pp

Employer contribution / active EE

$8,630

$3,006+187.0%

$3,636+137.4%

$2,545+239.1%

Participant deferral / active EE

$3,454

$3,694-6.5%

$4,728-27.0%

$4,238-18.5%

Admin fee / account holder

$246

$625-60.7%

$6,411-96.2%

$593-58.6%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15 · EIN 31-1432329

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$45,252

PARK AVENUE SECURITIES LLC2+ years

Filed as: PARK AVENUE SECURITIES

Service code 27 · EIN 13-2615338

IMAGING SHARED SERVICES 1E · BETHLEHEM, PA 18017

Advisory (Plan)

$23,653

BLUESTEIN MICHAEL AND CO PC1 year

Service code 10

115 WEST AVENUE · JENKINTOWN, PA 190462031

Accounting

$15,000

ATLANTIC PENSION SERVICES, INC.2+ years

Filed as: ATLANTIC PENSION SERVICES

Service code 15 · EIN 23-2942715

511 SCHOOLHOUSE ROAD · KENNETT SQUARE, PA 19348

Recordkeeping

$13,994

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC-PRCP

Service code 27 · EIN 95-2834236

RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533

Advisory (Plan)

$12,039

THE KLOVER COMPANIES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE KLOVER COMPANIES 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