Retirement plan

31-W INSULATION CO., INC. PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Name: 31-W INSULATION CO., INC. - 31-W INSULATION CO., INC. PROFIT SHARING AND RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: 31-W INSULATION CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 31-W INSULATION CO., INC. PROFIT SHARING AND RETIREMENT SAVINGS PLAN, 31-W INSULATION CO., INC.

31-W INSULATION CO., INC.EIN 62-1037670Plan #001PY 2024

7434 CYCLE LANE - GOODLETTSVILLE, TN 37072615-643-390031w.comLinkedIn501-1000 employeesbuilding materials

Prospect flagsLow returnsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.7M

+8.1% from 2023

Total participants

554

-5.9% from 2023

Average account balance

$53,977

+19.2% from 2023

Annual return

10.75%

-5.32 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

$13.71M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

254

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.

39.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

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

+10.75%

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 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC5 years Service code 22 2301 ROSECRANS AVE · EL SEGUNDO, CA 902455670	Insurance Broker	$35,912
AVINTUS5 years Filed as: AVINTUS, LLC Service code 15 · EIN 04-3682160 FUTUREPLAN · CHICAGO, IL 60673	Recordkeeping	$20,829
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 22 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY · AUSTIN, TX 78730	Insurance Broker	$6,372
NATIONWIDE10+ years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$1,553

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

5 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$10K

$21 / participant

Contract admin$10K100.0%

% of EOY assets

0.076%

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: STONE,RUDOLPH & HENRY PLC
Auditor EIN: 620811623
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,977

$82,979-35.0%

$102,412-47.3%

$77,736-30.6%

Participation rate

39.1%

71.5%-32.4pp

74.5%-35.4pp

70.6%-31.4pp

Annual return

10.75%

19.11%-8.4pp

24.94%-14.2pp

31.26%-20.5pp

Employer contribution / active EE

$811

$3,554-77.2%

$3,870-79.0%

$2,728-70.3%

Participant deferral / active EE

$2,076

$4,109-49.5%

$5,060-59.0%

$4,651-55.4%

Admin fee / account holder

$41

$639-93.6%

$8,388-99.5%

$433-90.5%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC5 years

Service code 22

2301 ROSECRANS AVE · EL SEGUNDO, CA 902455670

Insurance Broker

$35,912

AVINTUS5 years

Filed as: AVINTUS, LLC

Service code 15 · EIN 04-3682160

FUTUREPLAN · CHICAGO, IL 60673

Recordkeeping

$20,829

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 22 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY · AUSTIN, TX 78730

Insurance Broker

$6,372

NATIONWIDE10+ years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$1,553

31-W INSULATION CO., INC. PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

31-W INSULATION CO., INC. PROFIT SHARING AND 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