Retirement plan

CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN

Name: CLARY HOOD AND ASSOCIATES, INC. - CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN (2021) Form 5500
Creator: CLARY HOOD AND ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN, CLARY HOOD AND ASSOCIATES, INC.

CLARY HOOD AND ASSOCIATES, INC.EIN 83-1740574Plan #001PY 2021

150 CONWAY BLACK RD - SPARTANBURG, SC 293075403864-579-8881

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.6M

+28.7% from 2020

Total participants

121

+12.0% from 2020

Average account balance

$46,647

+12.3% from 2020

Annual return

12.66%

-2.73 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.51M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

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.

48.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$505K

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5974

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

0 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
NORTHWESTERN MUTUAL INVESTMENT SERV2+ years Service code 49 · EIN 52-2114207	Other Services	$4,532
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,408

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$1K

$12 / participant

Contract admin$1K100.0%

% of EOY assets

0.055%

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: ELLIOTT DAVIS, LLC
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,647

$77,677-39.9%

$109,188-57.3%

$79,389-41.2%

Participation rate

43.6%

67.8%-24.2pp

75.9%-32.3pp

70.7%-27.1pp

Annual return

12.66%

23.44%-10.8pp

25.76%-13.1pp

116.89%-104.2pp

Employer contribution / active EE

$1,582

$2,798-43.5%

$3,723-57.5%

$2,428-34.9%

Participant deferral / active EE

$2,875

$3,517-18.3%

$4,654-38.2%

$4,046-28.9%

Admin fee / account holder

$26

$732-96.5%

$6,755-99.6%

$626-95.9%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV2+ years

Service code 49 · EIN 52-2114207

Other Services

$4,532

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,408

CLARY HOOD AND ASSOCIATES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARY HOOD AND ASSOCIATES, INC. 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