Retirement plan

NATIONAL OVERHEAD DOOR, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: NATIONAL OVERHEAD DOOR, INC. - NATIONAL OVERHEAD DOOR, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: NATIONAL OVERHEAD DOOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL OVERHEAD DOOR, INC. 401(K) PROFIT SHARING PLAN AND TRUST, NATIONAL OVERHEAD DOOR, INC.

NATIONAL OVERHEAD DOOR, INC.EIN 14-1865641Plan #001PY 2023

5880 NEW TAYLOR ROAD - ORCHARD PARK, NY 14127716-667-3501nationaloverhead.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$912K

-6.1% from 2022

Total participants

+19.2% from 2022

Average account balance

$29,423

-21.3% from 2022

Annual return

8.55%

+11.92 pp from 2022

Benchmarks

See 9,648 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,648 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

155.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1566

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

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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 codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$225K

$11837 / participant

Other / not subdivided$225K100.0%

% of EOY assets

24.657%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,423

$110,261-73.3%

$95,745-69.3%

$139,434-78.9%

Participation rate

100.0%

75.8%+24.2pp

72.3%+27.7pp

80.3%+19.7pp

Annual return

8.55%

27.11%-18.6pp

28.35%-19.8pp

372.94%-364.4pp

Employer contribution / active EE

$2,647

$3,257-18.7%

$2,835-6.6%

$4,751-44.3%

Participant deferral / active EE

$1,548

$4,676-66.9%

$4,245-63.5%

$6,710-76.9%

Admin fee / account holder

$7,255

$6,613+9.7%

$5,678+27.8%

$11,403-36.4%

NATIONAL OVERHEAD DOOR, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL OVERHEAD DOOR, INC. 401(K) PROFIT SHARING PLAN AND 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