Retirement plan

COUNTY INSULATION COMPANY 401K PROFIT SHARING PLAN

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

COUNTY INSULATION COMPANYEIN 51-0111994Plan #001PY 2024

461 NEW CHURCHMANS ROAD - NEW CASTLE, DE 19720302-322-8946

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$12.7M

+7.8% from 2023

Total participants

180

+2.3% from 2023

Average account balance

$120,603

+6.8% from 2023

Annual return

18.29%

+7.15 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.66M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

105

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.

55.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$709K

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

+18.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$429

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL INSURANCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$40,841
LIMESTONE PENSION ASSOCIATES, LLC3 years Filed as: LIMESTONE PENSION ASSOCIATES LLC Service code 13 · EIN 51-0383217	Contract Administrator	$8,269
ROYAL ALLIANCE ASSOCIATES INC3 years Service code 27 · EIN 93-0987232	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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

$270 / participant

Contract admin$45K100.0%

% of EOY assets

0.356%

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: WHISMAN GIORDANO & ASSOCIATES
Auditor EIN: 203934956
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,603

$80,731+49.4%

$103,374+16.7%

$74,546+61.8%

Participation rate

55.1%

65.7%-10.6pp

74.5%-19.4pp

67.2%-12.1pp

Annual return

18.29%

27.56%-9.3pp

24.89%-6.6pp

1366.03%-1347.7pp

Employer contribution / active EE

$1,430

$3,158-54.7%

$3,869-63.0%

$2,624-45.5%

Participant deferral / active EE

$2,813

$3,860-27.1%

$5,058-44.4%

$4,347-35.3%

Admin fee / account holder

$429

$2,369-81.9%

$8,394-94.9%

$1,944-77.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL INSURANCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$40,841

LIMESTONE PENSION ASSOCIATES, LLC3 years

Filed as: LIMESTONE PENSION ASSOCIATES LLC

Service code 13 · EIN 51-0383217

Contract Administrator

$8,269

ROYAL ALLIANCE ASSOCIATES INC3 years

Service code 27 · EIN 93-0987232

Advisory (Plan)

COUNTY INSULATION COMPANY 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNTY INSULATION COMPANY 401K 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