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 (2021) 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 2021

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+17.1% from 2020

Total participants

+10.0% from 2020

Average account balance

$51,192

+19.7% from 2020

Annual return

12.92%

-4.63 pp from 2020

Benchmarks

See 16,659 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,659 peers

Snapshot2021

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

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

$22K

$677 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.920%

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

$51,192

$78,670-34.9%

$109,173-53.1%

$85,847-40.4%

Participation rate

71.9%

68.3%+3.6pp

75.9%-4.0pp

69.3%+2.6pp

Annual return

12.92%

25.09%-12.2pp

25.75%-12.8pp

318.61%-305.7pp

Employer contribution / active EE

$1,328

$2,734-51.4%

$3,723-64.3%

$2,565-48.2%

Participant deferral / active EE

$1,929

$3,467-44.4%

$4,654-58.6%

$3,952-51.2%

Admin fee / account holder

$471

$5,469-91.4%

$6,755-93.0%

$6,261-92.5%

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