Retirement plan

ZUERN BUILDING PRODUCTS, INC 401(K) PROFIT SHARING PLAN

Name: ZUERN BUILDING PRODUCTS, INC - ZUERN BUILDING PRODUCTS, INC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ZUERN BUILDING PRODUCTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZUERN BUILDING PRODUCTS, INC 401(K) PROFIT SHARING PLAN, ZUERN BUILDING PRODUCTS, INC

ZUERN BUILDING PRODUCTS, INCEIN 39-1140928Plan #001PY 2023

820 ENTERPRISE DRIVE - SLINGER, WI 53086262-297-5450zuerns.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.9M

+17.1% from 2022

Total participants

217

+5.3% from 2022

Average account balance

$92,069

+11.7% from 2022

Annual return

15.13%

+29.91 pp from 2022

Benchmarks

See 2,288 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,288 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$28.38M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

256

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

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

+19.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$90,493
WOODBURY FINANCIAL SERVICES7 years Service code 49 · EIN 41-0944586	Other Services	$34,923
MERIT BENEFITS GROUP, INC.1 year Filed as: MERIT FINANCIAL ADVISORS Service code 27 · EIN 45-3686413	Advisory (Plan)	$14,466
ADP BROKER-DEALER6 years Filed as: PENSION CONSULTANTS, INC Service code 13 · EIN 20-0508334	Contract Administrator	$9,912
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D2A2K

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

1 tripped

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

$93K

$501 / participant

Contract admin$93K100.0%

% of EOY assets

0.468%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DUFEK & COMPANY LLC
Auditor EIN: 271515696
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,069

$54,701+68.3%

$86,188+6.8%

$71,457+28.8%

Participation rate

99.5%

60.1%+39.4pp

69.0%+30.5pp

67.9%+31.5pp

Annual return

15.13%

20.06%-4.9pp

1168.45%-1153.3pp

28.85%-13.7pp

Employer contribution / active EE

$5,516

$1,265+336.0%

$2,380+131.7%

$2,588+113.2%

Participant deferral / active EE

$6,639

$3,108+113.6%

$3,985+66.6%

$4,289+54.8%

Admin fee / account holder

$431

$1,922-77.6%

$6,852-93.7%

$1,587-72.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$90,493

WOODBURY FINANCIAL SERVICES7 years

Service code 49 · EIN 41-0944586

Other Services

$34,923

MERIT BENEFITS GROUP, INC.1 year

Filed as: MERIT FINANCIAL ADVISORS

Service code 27 · EIN 45-3686413

Advisory (Plan)

$14,466

ADP BROKER-DEALER6 years

Filed as: PENSION CONSULTANTS, INC

Service code 13 · EIN 20-0508334

Contract Administrator

$9,912

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

ZUERN BUILDING PRODUCTS, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZUERN BUILDING PRODUCTS, 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