Retirement plan

RCH ROOFING CORP. PROFIT SHARING PLAN

Name: RCH ROOFING CORPORATION - RCH ROOFING CORP. PROFIT SHARING PLAN (2024) Form 5500
Creator: RCH ROOFING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RCH ROOFING CORP. PROFIT SHARING PLAN, RCH ROOFING CORPORATION

RCH ROOFING CORPORATIONEIN 04-3386814Plan #001PY 2024

3 PROGRESS WAY - MARSHFIELD, MA 02050781-834-9000rchroofing.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$7.5M

+16.1% from 2023

Total participants

136

+0.7% from 2023

Average account balance

$55,360

+15.2% from 2023

Annual return

11.19%

-4.85 pp from 2023

Benchmarks

See 18,574 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,574 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

136

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

$582K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$658

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 1 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC1 year Filed as: EQUITABLE LIFE INSURANCE COMPANY Service code 15 · EIN 13-5570651	Recordkeeping	$32,221

Plan features & details

Pension benefit codes2E2A2J3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$89K

$1316 / participant

Contract admin$89K100.0%

% of EOY assets

1.189%

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: GRAY, CALLISON, & JONES CPA, PC
Auditor EIN: 814888848
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,360

$81,446-32.0%

$103,374-46.4%

$80,874-31.5%

Participation rate

100.0%

66.9%+33.1pp

74.5%+25.5pp

67.6%+32.4pp

Annual return

11.19%

25.57%-14.4pp

24.89%-13.7pp

35.62%-24.4pp

Employer contribution / active EE

$6,587

$3,107+112.0%

$3,869+70.2%

$2,756+139.0%

Participant deferral / active EE

$1,971

$3,870-49.1%

$5,058-61.0%

$4,297-54.1%

Admin fee / account holder

$658

$6,715-90.2%

$8,394-92.2%

$6,935-90.5%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC1 year

Filed as: EQUITABLE LIFE INSURANCE COMPANY

Service code 15 · EIN 13-5570651

Recordkeeping

$32,221

RCH ROOFING CORP. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RCH ROOFING CORP. 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