Retirement plan

SUMMIT PROFESSIONAL BUILDERS, INC. 401(K) PROFIT SHARING PLAN

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

SUMMIT PROFESSIONAL BUILDERS, INC.EIN 68-0464326Plan #001PY 2024

1010 SIR FRANCIS DRAKE BLVD., SUITE - KENTFIELD, CA 94904415-454-3280spb-inc.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$474K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+17.6% from 2023

Total participants

+16.7% from 2023

Average account balance

$53,197

+3.8% from 2023

Annual return

10.11%

-3.35 pp from 2023

Benchmarks

See 54,965 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,965 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.81M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

161.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1143

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$1851 / participant

Other / not subdivided$39K100.0%

% of EOY assets

2.149%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,197

$111,814-52.4%

$103,374-48.5%

$145,959-63.6%

Participation rate

95.2%

77.9%+17.3pp

74.5%+20.7pp

80.3%+15.0pp

Annual return

10.11%

24.77%-14.7pp

24.89%-14.8pp

561.95%-551.8pp

Employer contribution / active EE

$3,093

$4,214-26.6%

$3,869-20.1%

$4,661-33.6%

Participant deferral / active EE

$2,417

$5,618-57.0%

$5,058-52.2%

$6,689-63.9%

Admin fee / account holder

$1,143

$9,754-88.3%

$8,394-86.4%

$13,398-91.5%

SUMMIT PROFESSIONAL BUILDERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMMIT PROFESSIONAL BUILDERS, 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