Retirement plan

CORLE BUILDING SYSTEMS 401(K) PROFIT SHARING PLAN

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

CORLE BUILDING SYSTEMS, INC.EIN 25-1805260Plan #001PY 2024

404 SARAH FURNACE RD. - IMLER, PA 16655814-276-9611corle.comLinkedIn201-500 employeesbuilding materials

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.4M

+37.7% from 2023

Total participants

256

+7.1% from 2023

Average account balance

$54,172

+12.4% from 2023

Annual return

23.55%

-0.42 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.37M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

136

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.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$948K

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

+23.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$329

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$34,808
OSAIC WEALTH INC1 year Filed as: OSAIC INSTITUTIONS, INC. Service code 55	Other Commissions	$24,563
METRO BENEFITS, INC.4 years Service code 13 · EIN 25-1541083 8150 PERRY HWY · PITTSBURGH, PA 15237	Contract Administrator	$9,130
OSAIC WEALTH INC1 year Filed as: OSAIC INSTITUIONS, INC. Service code 55 538 PRESTON AVE · MERIDEN, CT 064504858	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$45K

$204 / participant

Contract admin$45K100.0%

% of EOY assets

0.607%

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: WESSEL & COMPANY
Auditor EIN: 251390233
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,172

$79,209-31.6%

$102,434-47.1%

$74,459-27.2%

Participation rate

45.2%

74.8%-29.6pp

76.5%-31.3pp

67.2%-22.0pp

Annual return

23.55%

54.98%-31.4pp

29.46%-5.9pp

1369.70%-1346.2pp

Employer contribution / active EE

$1,575

$2,362-33.3%

$3,023-47.9%

$2,626-40.0%

Participant deferral / active EE

$2,753

$4,417-37.7%

$5,055-45.5%

$4,350-36.7%

Admin fee / account holder

$329

$2,002-83.6%

$9,462-96.5%

$1,945-83.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$34,808

OSAIC WEALTH INC1 year

Filed as: OSAIC INSTITUTIONS, INC.

Service code 55

Other Commissions

$24,563

METRO BENEFITS, INC.4 years

Service code 13 · EIN 25-1541083

8150 PERRY HWY · PITTSBURGH, PA 15237

Contract Administrator

$9,130

OSAIC WEALTH INC1 year

Filed as: OSAIC INSTITUIONS, INC.

Service code 55

538 PRESTON AVE · MERIDEN, CT 064504858

Other Commissions

CORLE BUILDING SYSTEMS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORLE BUILDING SYSTEMS 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