Retirement plan

COFFMAN SPECIALITIES, INC 401(K) PROFIT SHARING PLAN

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

COFFMAN SPECIALTIES, INC.EIN 33-0483378Plan #001PY 2024

9685 VIA EXCELENCIA #200 - SAN DIEGO, CA 92126858-536-3100coffmanspecialties.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$1.9M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.9M

+1.8% from 2023

Total participants

190

-16.3% from 2023

Average account balance

$87,930

+22.3% from 2023

Annual return

8.42%

+0.00 pp from 2023

Benchmarks

See 18,533 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,533 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.86M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

169

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$755K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+8.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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 1 by compensation

Provider	Service type	Compensation
RETIREMENT SERVICE GROUP INC2 years Filed as: RETIREMENT SERVICE GROUP INC. Service code 13 · EIN 37-1909306	Contract Administrator	$3,900

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

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.
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

$62K

$761 / participant

Contract admin$62K100.0%

% of EOY assets

0.415%

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: PLATFORM CPA'S LLP
Auditor EIN: 884342576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,930

$81,487+7.9%

$102,412-14.1%

$80,935+8.6%

Participation rate

74.1%

66.8%+7.2pp

74.5%-0.4pp

67.7%+6.4pp

Annual return

8.42%

25.60%-17.2pp

24.94%-16.5pp

35.66%-27.2pp

Employer contribution / active EE

$3,356

$3,103+8.1%

$3,870-13.3%

$2,757+21.7%

Participant deferral / active EE

$5,968

$3,871+54.2%

$5,060+17.9%

$4,299+38.8%

Admin fee / account holder

$365

$6,717-94.6%

$8,388-95.6%

$6,924-94.7%

Provider

Service type

Compensation

RETIREMENT SERVICE GROUP INC2 years

Filed as: RETIREMENT SERVICE GROUP INC.

Service code 13 · EIN 37-1909306

Contract Administrator

$3,900

COFFMAN SPECIALITIES, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COFFMAN SPECIALITIES, INC 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