Plan Ledger DOL Form 5500 · updated monthly

Advanced Roofing, Inc.401(k)

ADVANCED ROOFING RETIREMENT AND PROFIT SHARING PLAN · FT. LAUDERDALE, FL · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Advanced Roofing, Inc. reported $8,162 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $597 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,171st-largest of 3,644 plans among Florida employers on file, and the 2,138th of 5,337 in construction. In 2024, employees put in $2.96 for every $1.00 the employer contributed; active participation has grown from 436 to 626 since 2022.

Plan summary
Net assets, end of year$18,596,492
Participants with balances226
Active participants626
Employer contributions$373,702
Employee contributions$1,106,084
Employer contribution per active participant$597
Average account balance$82,285
Benefits paid to participants$564,534
Plan auditUnmodified (clean) audit opinion
AuditorKSDT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$18.6M · 226 accts · $374K emplr
2023$15.5M · 216 accts · $354K emplr
2022$13.4M · 228 accts · $323K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,162
Total administrative$8,162
The Advanced Roofing, Inc. 401(k) match · 2024
Employer contribution per active participant$597
Median for plans this size$2,416
2024$597 per active participant
2023$688 per active participant
2022$741 per active participant

Advanced Roofing, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
AMERITAS LIFE INSURANCE CORP · Recordkeeping · Loan processing$8,162

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$8,162 · 0.05%
2023$8,691 · 0.06%
2022$8,080 · 0.06%
Same employer
Similar plansConstruction · Florida
Ajax Building Company, LLC FL$20.1M · 0.33%
Homes by West Bay, LLC FL$19.2M · 0.47%
Southern Hvac Corporation FL$18.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592360591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.