Retirement plan

SWIFT ROOFING OF E-TOWN, INC. RETIREMENT SAVINGS PLAN

Name: SWIFT ROOFING OF E-TOWN, INC. - SWIFT ROOFING OF E-TOWN, INC. RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: SWIFT ROOFING OF E-TOWN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SWIFT ROOFING OF E-TOWN, INC. RETIREMENT SAVINGS PLAN, SWIFT ROOFING OF E-TOWN, INC.

SWIFT ROOFING OF E-TOWN, INC.EIN 61-1070245Plan #002PY 2015

P.O. BOX 502 - ELIZABETHTOWN, KY 42702270-753-5976LinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$2.7M

No prior year

Total participants

197

No prior year

Average account balance

$14,462

No prior year

Annual return

-0.69%

No prior year

Benchmarks

See 1,997 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort1,997 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.17M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

211

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$334K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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 2 by compensation

Provider	Service type	Compensation
BTC1+ years Service code 24 · EIN 45-5138085	Discretionary Trustee	$56,097
BENECO SYSTEMS, LLC1+ years Filed as: BENECO Service code 15 · EIN 41-2046279	Recordkeeping	$14,376

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$70K

$671 / participant

Investment mgmt$56K79.6%
Contract admin$14K20.4%

% of EOY assets

2.620%

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: ALEXANDER THOMPSON ARNOLD PLLC
Auditor EIN: 621110839
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,462

$50,464-71.3%

$75,784-80.9%

$52,331-72.4%

Participation rate

89.5%

66.8%+22.8pp

75.8%+13.7pp

68.1%+21.4pp

Annual return

-0.69%

1.03%-1.7pp

9.68%-10.4pp

4.54%-5.2pp

Employer contribution / active EE

$1,913

$1,988-3.8%

$3,323-42.4%

$1,882+1.6%

Participant deferral / active EE

$1,206

$2,570-53.1%

$3,652-67.0%

$3,022-60.1%

Admin fee / account holder

$379

$1,103-65.6%

$5,300-92.9%

$592-36.0%

Provider

Service type

Compensation

BTC1+ years

Service code 24 · EIN 45-5138085

Discretionary Trustee

$56,097

BENECO SYSTEMS, LLC1+ years

Filed as: BENECO

Service code 15 · EIN 41-2046279

Recordkeeping

$14,376

SWIFT ROOFING OF E-TOWN, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SWIFT ROOFING OF E-TOWN, INC. RETIREMENT SAVINGS 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