Retirement plan

CRAIG ROOF COMPANY, INC. 401(K) PROFIT SHARING PLAN

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

CRAIG ROOF COMPANY, INC.EIN 77-0432124Plan #011PY 2024

PO BOX 4520 - SANTA BARBARA, CA 931404520805-966-5331craigroof.comLinkedIn1-10 employeesconstruction

Prospect flagsLow returnsHigh feesLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$558K

+19.4% from 2023

Total participants

+2.4% from 2023

Average account balance

$15,507

-10.5% from 2023

Annual return

7.05%

-2.28 pp from 2023

Benchmarks

See 18,574 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,574 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$558K

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123K

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

+7.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2332

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$84K

$2544 / participant

Other / not subdivided$84K100.0%

% of EOY assets

15.036%

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

$15,507

$81,446-81.0%

$103,374-85.0%

$80,874-80.8%

Participation rate

78.8%

66.9%+11.9pp

74.5%+4.3pp

67.6%+11.1pp

Annual return

7.05%

25.57%-18.5pp

24.89%-17.8pp

35.62%-28.6pp

Employer contribution / active EE

$1,356

$3,107-56.3%

$3,869-64.9%

$2,756-50.8%

Participant deferral / active EE

$2,377

$3,870-38.6%

$5,058-53.0%

$4,297-44.7%

Admin fee / account holder

$2,332

$6,715-65.3%

$8,394-72.2%

$6,935-66.4%

CRAIG ROOF COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRAIG ROOF COMPANY, 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