Retirement plan

OLSSON ROOFING COMPANY, INC. REPRESENTED EMPLOYEES 401(K) PLAN

Name: OLSSON ROOFING COMPANY, INC. - OLSSON ROOFING COMPANY, INC. REPRESENTED EMPLOYEES 401(K) PLAN (2023) Form 5500
Creator: OLSSON ROOFING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLSSON ROOFING COMPANY, INC. REPRESENTED EMPLOYEES 401(K) PLAN, OLSSON ROOFING COMPANY, INC.

OLSSON ROOFING COMPANY, INC.EIN 36-2104947Plan #007PY 2023

P O BOX 1450 - AURORA, IL 605065540630-892-0449olssonroofing.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

2 filings

#003Retirement-$19.6M assets #002Retirement-$13.4M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.8M

+19.9% from 2022

Total participants

+7.0% from 2022

Average account balance

$100,732

+19.9% from 2022

Annual return

14.89%

+32.95 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.85M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

62.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17424

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 codes2E2F2G2J2T3D

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.
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

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

$50K

$1276 / participant

Other / not subdivided$50K100.0%

% of EOY assets

1.765%

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

$100,732

$73,988+36.1%

$96,538+4.3%

$75,177+34.0%

Participation rate

53.8%

66.4%-12.6pp

74.3%-20.5pp

67.2%-13.4pp

Annual return

14.89%

26.73%-11.8pp

35.74%-20.9pp

160.75%-145.9pp

Employer contribution / active EE

$2,930-100.0%

$3,740-100.0%

$2,671-100.0%

Participant deferral / active EE

$3,930

$3,660+7.4%

$4,880-19.5%

$4,126-4.8%

Admin fee / account holder

$1,778

$5,220-65.9%

$6,737-73.6%

$5,651-68.5%

OLSSON ROOFING COMPANY, INC. REPRESENTED EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLSSON ROOFING COMPANY, INC. REPRESENTED EMPLOYEES 401(K) 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