Retirement plan

NORTHEAST BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING PLAN

Name: NORTHEAST BUILDING PRODUCTS, LLC - NORTHEAST BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: NORTHEAST BUILDING PRODUCTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING PLAN, NORTHEAST BUILDING PRODUCTS, LLC

NORTHEAST BUILDING PRODUCTS, LLCEIN 23-1975341Plan #001PY 2024

4280 ARAMINGO AVENUE - PHILADELPHIA, PA 191245007215-535-7110northeastbuildingcontrols.comLinkedIn1-10 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

-2.5% from 2023

Total participants

435

-12.3% from 2023

Average account balance

$24,078

+11.3% from 2023

Annual return

9.51%

-1.39 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.26M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

426

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$83,969
GLOBAL RETIREMENT PARTNERS LLC7 years Service code 27 4340 READWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$28,137
ASCENSUS LLC1 year Filed as: RETIREMENT STRATEGIES GROUP LLC Service code 13 800 WEST COMMERCE ROAD · NEW ORLEANS, LA 70123	Contract Administrator	$7,350

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow returns
Annual investment return 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$119K

$441 / participant

Contract admin$119K100.0%

% of EOY assets

1.165%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,078

$89,093-73.0%

$102,434-76.5%

$77,736-69.0%

Participation rate

96.7%

80.9%+15.8pp

76.5%+20.2pp

70.6%+26.1pp

Annual return

9.51%

25.03%-15.5pp

29.46%-20.0pp

31.26%-21.8pp

Employer contribution / active EE

$1,198

$2,699-55.6%

$3,023-60.4%

$2,728-56.1%

Participant deferral / active EE

$3,008

$5,147-41.6%

$5,055-40.5%

$4,651-35.3%

Admin fee / account holder

$280

$236+18.9%

$9,462-97.0%

$433-35.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$83,969

GLOBAL RETIREMENT PARTNERS LLC7 years

Service code 27

4340 READWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$28,137

ASCENSUS LLC1 year

Filed as: RETIREMENT STRATEGIES GROUP LLC

Service code 13

800 WEST COMMERCE ROAD · NEW ORLEANS, LA 70123

Contract Administrator

$7,350

NORTHEAST BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST BUILDING PRODUCTS, LLC 401(K) PROFIT SHARING 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