Plan Ledger DOL Form 5500 · updated monthly

Atlas Roofing Corporation401(k)

ATLAS ROOFING CORPORATION 401(K) PROFIT SHARING PLAN · MERIDIAN, MS · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Atlas Roofing Corporation reported $277,146 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $4,402 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 0.20% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 14th-largest of 367 plans among Mississippi employers on file, and the 1,174th of 13,661 in manufacturing. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 1,442 to 1,603 since 2022.

Plan summary
Net assets, end of year$196,139,012
Participants with balances1,909
Active participants1,603
Employer contributions$7,057,020
Employee contributions$10,015,168
Employer contribution per active participant$4,402
Average account balance$102,744
Benefits paid to participants$13,503,445
Plan auditUnmodified (clean) audit opinion
AuditorHORNE
Plan history3
Yearassets · accounts · employer contribution
2024$196.1M · 1,909 accts · $7.1M emplr
2023$170.1M · 1,773 accts · $6.3M emplr
2022$146.0M · 1,770 accts · $5.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$277,146
Total administrative$277,146
The Atlas Roofing Corporation 401(k) match · 2024
Employer contribution per active participant$4,402
Median for plans this size$3,635
2024$4,402 per active participant
2023$4,235 per active participant
2022$3,963 per active participant

Atlas Roofing Corporation's 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$279,755
GALLAGHER FIDUCIARY ADVISORS, LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$277,146 · 0.15%
2023$236,132 · 0.15%
2022$309,193 · 0.20%
All plans at this employer2
ATLAS ROOFING CORPORATION 401(K) PROFIT SHARING PLAN401(k)
ATLAS ROOFING CORPORATION 401(K) PROFIT SHARING PLAN FOR BARGAINING UNIT EMPLOYEES401(k)
Same employer
Similar plansManufacturing · Mississippi
Cal-Maine Foods, Inc. MS$291.2M · 0.09%
Ferrero U.S.A., Inc. NJ$197.7M · 0.07%
Dormakaba USA Inc. IN$196.3M · 0.12%
Frank Calandra, Inc. PA$196.1M · 0.14%
Suncoke Energy, Inc. IL$195.9M · 0.09%
Chobani Global Holdings, LLC NY$195.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640661823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.