Retirement plan

ALAN D. KUNSMAN ROOFING & SIDING, INC. , EMPLOYEE STOCK OWNERSHIP PLAN

Name: ALAN D. KUNSMAN ROOFING & SIDING, INC. - ALAN D. KUNSMAN ROOFING & SIDING, INC. , EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: ALAN D. KUNSMAN ROOFING & SIDING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALAN D. KUNSMAN ROOFING & SIDING, INC. , EMPLOYEE STOCK OWNERSHIP PLAN, ALAN D. KUNSMAN ROOFING & SIDING, INC.

ALAN D. KUNSMAN ROOFING & SIDING, INC.EIN 23-2041093Plan #003PY 2023

203 WASHINGTON STREET - FREEMANSBURG, PA 18017610-865-6990alankunsmanroofing.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14.2M

+0.9% from 2022

Total participants

122

-2.4% from 2022

Average account balance

$128,946

+3.7% from 2022

Annual return

9.06%

+16.16 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.53M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

121

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.

149.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6545

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 codes2E2H2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$28156 / participant

Other / not subdivided$2M100.0%

% of EOY assets

15.087%

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

$128,946

$73,955+74.4%

$96,520+33.6%

$75,181+71.5%

Participation rate

84.2%

66.4%+17.8pp

74.3%+9.9pp

67.2%+17.0pp

Annual return

9.06%

26.72%-17.7pp

35.72%-26.7pp

160.69%-151.6pp

Employer contribution / active EE

$10,328

$2,930+252.5%

$3,739+176.2%

$2,671+286.7%

Participant deferral / active EE

$2,079

$3,659-43.2%

$4,879-57.4%

$4,126-49.6%

Admin fee / account holder

$19,453

$5,217+272.9%

$6,733+188.9%

$5,650+244.3%

ALAN D. KUNSMAN ROOFING & SIDING, INC. , EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALAN D. KUNSMAN ROOFING & SIDING, INC. , EMPLOYEE STOCK OWNERSHIP 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