Retirement plan

RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLAN

Name: RIVERHEAD BUILDING SUPPLY CORP. - RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: RIVERHEAD BUILDING SUPPLY CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLAN, RIVERHEAD BUILDING SUPPLY CORP.

RIVERHEAD BUILDING SUPPLY CORP.EIN 11-2238519Plan #004PY 2024

250 DAVID COURT - CALVERTON, NY 11933631-996-3125rbscorp.comLinkedIn501-1000 employeesbuilding materials

Other plans on this EIN

1 filing

#003Retirement-$17.4M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$80.3M

+16.9% from 2023

Total participants

719

+6.2% from 2023

Average account balance

$113,214

+9.6% from 2023

Annual return

12.28%

-4.53 pp from 2023

Benchmarks

See 1,405 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,405 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.27M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

709

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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)

$394

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2 years Service code 27 PO BOX 198928 · NASHVILLE, TN 37238	Advisory (Plan)	$102,824
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$99,400
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICES LLC DB Service code 27 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Plan)	$59,917
SHEEHAN & COMPANY2 years Filed as: SHEEHAN COMPANY CPA PC Service code 10 165 ORINOCO DR · BRIGHTWATER, NY 11718	Accounting	$17,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$280K

$467 / participant

Recordkeeping$99K35.5%
Investment mgmt$163K58.2%
Other / not subdivided$18K6.3%

% of EOY assets

0.348%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SHEEHAN & COMPANY CPA PC
Auditor EIN: 132709344
Audit fees: $17,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,214

$89,465+26.5%

$164,866-31.3%

$77,671+45.8%

Participation rate

98.3%

78.6%+19.7pp

70.6%+27.8pp

Annual return

12.28%

28.81%-16.5pp

69.97%-57.7pp

31.21%-18.9pp

Employer contribution / active EE

$4,303

$2,568+67.6%

$4,343-0.9%

$2,726+57.8%

Participant deferral / active EE

$6,544

$4,897+33.6%

$6,033+8.5%

$4,648+40.8%

Admin fee / account holder

$394

$340+16.2%

$12,689-96.9%

$430-8.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2 years

Service code 27

PO BOX 198928 · NASHVILLE, TN 37238

Advisory (Plan)

$102,824

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$99,400

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC DB

Service code 27

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Plan)

$59,917

SHEEHAN & COMPANY2 years

Filed as: SHEEHAN COMPANY CPA PC

Service code 10

165 ORINOCO DR · BRIGHTWATER, NY 11718

Accounting

$17,500

RIVERHEAD BUILDING SUPPLY CORP. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVERHEAD BUILDING SUPPLY CORP. 401(K) 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