Retirement plan

PROFESSIONAL ROOFING SERVICE, INC. RETIREMENT PLAN

Name: PROFESSIONAL ROOFING SERVICE, INC. - PROFESSIONAL ROOFING SERVICE, INC. RETIREMENT PLAN (2022) Form 5500
Creator: PROFESSIONAL ROOFING SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL ROOFING SERVICE, INC. RETIREMENT PLAN, PROFESSIONAL ROOFING SERVICE, INC.

PROFESSIONAL ROOFING SERVICE, INC.EIN 20-1117774Plan #010PY 2022

11911 PROSPECT ROAD - STRONGSVILLE, OH 44149440-572-7500proroofingservices.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

2 filings

#001Retirement-$1.7M assets #002Retirement-$250K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$613K

-15.8% from 2021

Total participants

0.0% from 2021

Average account balance

$24,524

-15.8% from 2021

Annual return

-19.77%

-29.42 pp from 2021

Benchmarks

See 48,297 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,297 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$613K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

104.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

-19.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1019

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 codes2E2F2G2T3D

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.
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.)
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

$25K

$1062 / participant

Other / not subdivided$25K100.0%

% of EOY assets

4.157%

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

$24,524

$133,983-81.7%

$112,244-78.2%

$134,493-81.8%

Participation rate

79.2%

78.6%+0.6pp

75.1%+4.1pp

81.2%-2.1pp

Annual return

-19.77%

47.13%-66.9pp

27.46%-47.2pp

418.01%-437.8pp

Employer contribution / active EE

$1,440

$4,039-64.3%

$3,635-60.4%

$4,740-69.6%

Participant deferral / active EE

$5,291-100.0%

$4,728-100.0%

$6,400-100.0%

Admin fee / account holder

$1,019

$7,490-86.4%

$6,411-84.1%

$11,425-91.1%

PROFESSIONAL ROOFING SERVICE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL ROOFING SERVICE, INC. RETIREMENT 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