Retirement plan

STATE ROOFING SYSTEMS, INC. 401(K) PLAN

Name: STATE ROOFING SYSTEMS, INC. - STATE ROOFING SYSTEMS, INC. 401(K) PLAN (2024) Form 5500
Creator: STATE ROOFING SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE ROOFING SYSTEMS, INC. 401(K) PLAN, STATE ROOFING SYSTEMS, INC.

STATE ROOFING SYSTEMS, INC.EIN 94-2743961Plan #001PY 2024

15444 HESPERIAN BLVD. - SAN LEANDRO, CA 94578510-317-1477stateroofingsystems.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh retiree %Low returnsLow participation

How to read this page

Total assets (EOY)

$7.9M

+5.7% from 2023

Total participants

293

+89.0% from 2023

Average account balance

$53,169

+5.7% from 2023

Annual return

9.23%

-6.51 pp from 2023

Benchmarks

See 18,574 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,574 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.92M

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.

199

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$542K

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

+9.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH5 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085 1400 AMERICAN BLVD BLDG 4 · PENNINGTON, NJ 08534	Advisory (Plan)	$30,112
HICKS PENSION SERVICES5 years Service code 13 · EIN 77-0155091 555 CHORRO STREET SUITE C · SAN LUIS OBISPO, CA 93405	Contract Administrator	$1,450
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 OF AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,159
QUALLIFIED SERVICES INC. DBA3 years Service code 13 · EIN 77-0155091 HICKS PENSION SERVICES · SAN LUIS OBISPO, CA 93405	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$43K

$456 / participant

Contract admin$43K100.0%

% of EOY assets

0.541%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JOHNSTON, GREMAUX & ROSSI, LLP
Auditor EIN: 942234450
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,169

$81,446-34.7%

$103,374-48.6%

$80,874-34.3%

Participation rate

0.0%

66.9%-66.9pp

74.5%-74.5pp

67.6%-67.6pp

Annual return

9.23%

25.57%-16.3pp

24.89%-15.7pp

35.62%-26.4pp

Employer contribution / active EE

$2,733

$3,107-12.0%

$3,869-29.4%

$2,756-0.8%

Participant deferral / active EE

$3,029

$3,870-21.7%

$5,058-40.1%

$4,297-29.5%

Admin fee / account holder

$288

$6,715-95.7%

$8,394-96.6%

$6,935-95.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH5 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 27 · EIN 13-5674085

1400 AMERICAN BLVD BLDG 4 · PENNINGTON, NJ 08534

Advisory (Plan)

$30,112

HICKS PENSION SERVICES5 years

Service code 13 · EIN 77-0155091

555 CHORRO STREET SUITE C · SAN LUIS OBISPO, CA 93405

Contract Administrator

$1,450

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

OF AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,159

QUALLIFIED SERVICES INC. DBA3 years

Service code 13 · EIN 77-0155091

HICKS PENSION SERVICES · SAN LUIS OBISPO, CA 93405

Contract Administrator

STATE ROOFING SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATE ROOFING SYSTEMS, INC. 401(K) 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