Retirement plan

FINFROCK HOLDINGS, INC. 401(K) PROFIT SHARING PLAN

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

FINFROCK HOLDINGS, INC.EIN 59-2954885Plan #001PY 2024

2400 APOPKA BOULEVARD - APOPKA, FL 32703407-293-4000

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$59.1M

+21.6% from 2023

Total participants

680

-0.9% from 2023

Average account balance

$129,242

+18.9% from 2023

Annual return

15.98%

-3.47 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.06M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

457

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 3 by compensation

Provider	Service type	Compensation
WITHUMSMITH+BROWN, PC5 years Filed as: WITHUMSMITH AND BROWN, PC Service code 99 · EIN 22-2027092	Other Fees	$19,240
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROUP PENSION SERVICES,INC Service code 99 · EIN 13-3180178 PO BOX 54 · FRANKLIN SQUARE, NY 11010	Other Fees	$12,964
VOYA RETIREMENT INSURANCE & ANNUITY8 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$7,919

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$32 / participant

Contract admin$19K100.0%

% of EOY assets

0.032%

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: WITHUMSMITH+BROWN, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,242

$82,979+55.8%

$102,412+26.2%

$77,736+66.3%

Participation rate

62.3%

71.5%-9.3pp

74.5%-12.2pp

70.6%-8.3pp

Annual return

15.98%

19.11%-3.1pp

24.94%-9.0pp

31.26%-15.3pp

Employer contribution / active EE

$4,908

$3,554+38.1%

$3,870+26.8%

$2,728+79.9%

Participant deferral / active EE

$5,422

$4,109+32.0%

$5,060+7.1%

$4,651+16.6%

Admin fee / account holder

$41

$639-93.6%

$8,388-99.5%

$433-90.6%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC5 years

Filed as: WITHUMSMITH AND BROWN, PC

Service code 99 · EIN 22-2027092

Other Fees

$19,240

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROUP PENSION SERVICES,INC

Service code 99 · EIN 13-3180178

PO BOX 54 · FRANKLIN SQUARE, NY 11010

Other Fees

$12,964

VOYA RETIREMENT INSURANCE & ANNUITY8 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

$7,919

FINFROCK HOLDINGS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FINFROCK HOLDINGS, 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