Retirement plan

RBA CUSTOM WINDOWS 401(K) PLAN

Name: GARDEN STATE CUSTOM WINDOWS, LLC - RBA CUSTOM WINDOWS 401(K) PLAN (2024) Form 5500
Creator: GARDEN STATE CUSTOM WINDOWS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RBA CUSTOM WINDOWS 401(K) PLAN, GARDEN STATE CUSTOM WINDOWS, LLC

GARDEN STATE CUSTOM WINDOWS, LLCEIN 13-4223118Plan #001PY 2024

70 JACKSON DRIVE, SUITE A - CRANFORD, NJ 07016908-497-1020LinkedIn51-200 employeesconstruction

Prospect flagsLow participationLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$28.8M

+35.1% from 2023

Total participants

1,817

+50.5% from 2023

Average account balance

$22,087

+8.4% from 2023

Annual return

16.53%

-6.18 pp from 2023

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.76M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

1,302

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.

67.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.88M

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

+16.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$72,519
KESTRA INVESTMENT SERVICES LLC4 years Service code 27 · EIN 35-2552359	Advisory (Plan)	$15,000
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,754
BLATT & DAUMAN LLP1 year Filed as: BLATT & DAUMAN, LLP Service code 10 · EIN 11-2778625	Accounting	$10,500
ABBEY E. BLATT3 years Service code 10 · EIN 11-2664575	Accounting	$8,000
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON INVESTMENT SERVICES Service code 27 · EIN 52-1868818	Advisory (Plan)	$6,250

Plan features & details

Pension benefit codes2F2G2J2K2S2T3B2E3H3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$79 / participant

Recordkeeping$73K58.0%
Investment mgmt$34K27.2%
Other / not subdivided$19K14.8%

% of EOY assets

0.435%

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: BLATT & DAUMAN, LLP
Auditor EIN: 112778625
Audit fees: $18,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,087

$241,850-90.9%

$102,412-78.4%

$199,960-89.0%

Participation rate

67.6%

78.3%-10.7pp

74.5%-6.9pp

72.0%-4.4pp

Annual return

16.53%

17.67%-1.1pp

24.94%-8.4pp

34.28%-17.8pp

Employer contribution / active EE

$528

$4,253-87.6%

$3,870-86.4%

$3,036-82.6%

Participant deferral / active EE

$4,425

$3,961+11.7%

$5,060-12.6%

$5,087-13.0%

Admin fee / account holder

$96

$288-66.7%

$8,388-98.9%

$269-64.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$72,519

KESTRA INVESTMENT SERVICES LLC4 years

Service code 27 · EIN 35-2552359

Advisory (Plan)

$15,000

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,754

BLATT & DAUMAN LLP1 year

Filed as: BLATT & DAUMAN, LLP

Service code 10 · EIN 11-2778625

Accounting

$10,500

ABBEY E. BLATT3 years

Service code 10 · EIN 11-2664575

Accounting

$8,000

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON INVESTMENT SERVICES

Service code 27 · EIN 52-1868818

Advisory (Plan)

$6,250

RBA CUSTOM WINDOWS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RBA CUSTOM WINDOWS 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