Retirement plan

ELCO/ROOF WORKS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN & TRUST

Name: ELCO PAINTING, INC./ROOF WORKS, INC. - ELCO/ROOF WORKS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN & TRUST (2017) Form 5500
Creator: ELCO PAINTING, INC./ROOF WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELCO/ROOF WORKS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN & TRUST, ELCO PAINTING, INC./ROOF WORKS, INC.

ELCO PAINTING, INC./ROOF WORKS, INC.EIN 05-0494052Plan #001PY 2017

290 SMITH ST. - NORTH KINGSTOWN, RI 02892401-295-2201elcopainting.comLinkedIn1-10 employeesconstruction

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+21.6% from 2016

Total participants

+10.0% from 2016

Average account balance

$31,288

-29.3% from 2016

Annual return

14.27%

+3.29 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2621

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J3D

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.
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

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

$11K

$339 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.832%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,288

$63,346-50.6%

$92,240-66.1%

$70,126-55.4%

Participation rate

97.0%

68.7%+28.3pp

76.5%+20.5pp

69.5%+27.4pp

Annual return

14.27%

530.19%-515.9pp

176.29%-162.0pp

73.15%-58.9pp

Employer contribution / active EE

$1,135

$2,471-54.1%

$3,680-69.2%

$2,343-51.6%

Participant deferral / active EE

$1,326

$2,854-53.5%

$3,897-66.0%

$3,332-60.2%

Admin fee / account holder

$260

$3,841-93.2%

$5,194-95.0%

$4,645-94.4%

ELCO/ROOF WORKS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELCO/ROOF WORKS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN & TRUST

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