Retirement plan

COLE ROOFING CO., INC. PROFIT SHARING PLAN & TRUST

Name: COLE ROOFING CO., INC. - COLE ROOFING CO., INC. PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: COLE ROOFING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLE ROOFING CO., INC. PROFIT SHARING PLAN & TRUST, COLE ROOFING CO., INC.

COLE ROOFING CO., INC.EIN 52-0599184Plan #001PY 2023

3915 COOLIDGE AVENUE - BALTIMORE, MD 21229410-242-0600coleroofing.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.3M

+14.0% from 2022

Total participants

183

+1.7% from 2022

Average account balance

$65,060

+14.0% from 2022

Annual return

17.80%

+33.48 pp from 2022

Benchmarks

See 18,047 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,047 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.09M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

182

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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 4 by compensation

Provider	Service type	Compensation
COMPTON FINANCIAL GROUP7 years Service code 27	Advisory (Plan)	$22,498
RED BANK PENSION SERVICES, INC.1 year Filed as: RED OAK RETIREMENT Service code 13	Contract Administrator	$2,325
LPL FINANCIAL9+ years Service code 51	Investment Mgmt Fees	$0
THE VANGUARD GROUP, INC.7 years Service code 64	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2G3D2T2F2J

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$35K

$443 / participant

Recordkeeping$35K100.0%

% of EOY assets

0.315%

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: REGAN, SCHICKNER, & HARPER LLC
Auditor EIN: 853625959
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,060

$73,955-12.0%

$96,520-32.6%

$75,181-13.5%

Participation rate

87.5%

66.4%+21.1pp

74.3%+13.2pp

67.2%+20.3pp

Annual return

17.80%

26.72%-8.9pp

35.72%-17.9pp

160.69%-142.9pp

Employer contribution / active EE

$3,506

$2,930+19.7%

$3,739-6.2%

$2,671+31.3%

Participant deferral / active EE

$6,601

$3,659+80.4%

$4,879+35.3%

$4,126+60.0%

Admin fee / account holder

$205

$5,217-96.1%

$6,733-97.0%

$5,650-96.4%

Provider

Service type

Compensation

COMPTON FINANCIAL GROUP7 years

Service code 27

Advisory (Plan)

$22,498

RED BANK PENSION SERVICES, INC.1 year

Filed as: RED OAK RETIREMENT

Service code 13

Contract Administrator

$2,325

LPL FINANCIAL9+ years

Service code 51

Investment Mgmt Fees

THE VANGUARD GROUP, INC.7 years

Service code 64

Recordkeeping Fees

COLE ROOFING CO., INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLE ROOFING CO., INC. PROFIT SHARING PLAN & TRUST

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