Retirement plan

TEAMCRAFT ROOFING 401(K) PLAN

Name: TEAMCRAFT ROOFING - TEAMCRAFT ROOFING 401(K) PLAN (2024) Form 5500
Creator: TEAMCRAFT ROOFING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMCRAFT ROOFING 401(K) PLAN, TEAMCRAFT ROOFING

TEAMCRAFT ROOFINGEIN 56-1986226Plan #001PY 2024

1316 N. LONG ST. - SALISBURY, NC 28144704-314-1022tcrfg.comLinkedIn201-500 employeesconstruction

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.6M

+17.0% from 2023

Total participants

194

+6.0% from 2023

Average account balance

$49,217

+7.7% from 2023

Annual return

12.33%

-5.60 pp from 2023

Benchmarks

See 3,444 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,444 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.61M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

114

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.

54.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLDCOLLC Service code 27 5454 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$9,757
WORLD INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 26-1958084 24 COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$4,543
BENEFITS2 ADMINISTRATORS LLC2 years Service code 13 · EIN 92-1664169 P.O. BOX 328 · MERIDIAN, ID 83680	Contract Administrator	$3,947
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: COTA STREET INV MNGT Service code 28 24 E. COTA STREET STE 200 · SANTA BARBARA, CA 93101	Investment Management	$2,981
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$93 / participant

Trustee / custodial$12K73.6%
Contract admin$4K26.4%

% of EOY assets

0.289%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROCK, SCHECTER AND POLAKOFF, LLP
Auditor EIN: 161003516
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,217

$80,781-39.1%

$102,437-52.0%

$74,478-33.9%

Participation rate

54.0%

65.7%-11.6pp

74.5%-20.5pp

67.2%-13.2pp

Annual return

12.33%

27.58%-15.2pp

24.95%-12.6pp

1370.56%-1358.2pp

Employer contribution / active EE

$399

$3,160-87.4%

$3,871-89.7%

$2,626-84.8%

Participant deferral / active EE

$3,665

$3,862-5.1%

$5,060-27.6%

$4,350-15.8%

Admin fee / account holder

$142

$2,372-94.0%

$8,388-98.3%

$1,946-92.7%

Provider

Service type

Compensation

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLDCOLLC

Service code 27

5454 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$9,757

WORLD INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 26-1958084

24 COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$4,543

BENEFITS2 ADMINISTRATORS LLC2 years

Service code 13 · EIN 92-1664169

P.O. BOX 328 · MERIDIAN, ID 83680

Contract Administrator

$3,947

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: COTA STREET INV MNGT

Service code 28

24 E. COTA STREET STE 200 · SANTA BARBARA, CA 93101

Investment Management

$2,981

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

TEAMCRAFT ROOFING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMCRAFT ROOFING 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