Retirement plan

JIM GIESE COMMERCIAL ROOFING, INC. COLLECTIVE BARGAINING 401(K) PLAN

Name: JIM GIESE COMMERCIAL ROOFING, INC. - JIM GIESE COMMERCIAL ROOFING, INC. COLLECTIVE BARGAINING 401(K) PLAN (2019) Form 5500
Creator: JIM GIESE COMMERCIAL ROOFING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JIM GIESE COMMERCIAL ROOFING, INC. COLLECTIVE BARGAINING 401(K) PLAN, JIM GIESE COMMERCIAL ROOFING, INC.

JIM GIESE COMMERCIAL ROOFING, INC.EIN 42-1250099Plan #003PY 2019

ATR, 855 MAIN ST. 4TH FLOOR - DUBUQUE, IA 52001800-548-2995

Other plans on this EIN

1 filing

#001Retirement-$2.9M assets

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+19.1% from 2018

Total participants

0.0% from 2018

Average account balance

$103,477

+33.1% from 2018

Annual return

18.57%

+25.02 pp from 2018

Benchmarks

See 15,813 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,813 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

146.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$464K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23517

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 codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$375K

$12514 / participant

Other / not subdivided$375K100.0%

% of EOY assets

10.670%

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

$103,477

$65,364+58.3%

$92,909+11.4%

$72,975+41.8%

Participation rate

86.7%

68.3%+18.4pp

76.0%+10.7pp

69.5%+17.2pp

Annual return

18.57%

42.11%-23.5pp

109.44%-90.9pp

81.01%-62.4pp

Employer contribution / active EE

$11,149

$2,594+329.7%

$3,653+205.2%

$2,440+356.9%

Participant deferral / active EE

$990

$3,128-68.4%

$4,238-76.6%

$3,608-72.6%

Admin fee / account holder

$11,041

$4,251+159.7%

$5,795+90.5%

$5,124+115.5%

JIM GIESE COMMERCIAL ROOFING, INC. COLLECTIVE BARGAINING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JIM GIESE COMMERCIAL ROOFING, INC. COLLECTIVE BARGAINING 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