Plan Ledger DOL Form 5500 · updated monthly

National Roofing Co., Inc.401(k)

NATIONAL ROOFING CO., INC. PROFIT SHARING PLAN & TRUST · ALBUQUERQUE, NM · plan year 2023

Reported admin expense ratio · 2023
1.48%

National Roofing Co., Inc. reported $24,958 in plan administrative expenses for 2023: 1.48% of average plan assets, higher than ~90% of peers. 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 rose from 1.43% to 1.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Mexico (244th of 290), and 4,883rd of 5,337 in construction.

Plan summary
Net assets, end of year$1,819,437
Participants with balances113
Active participants90
Employer contributions—
Employee contributions$109,004
Employer contribution per active participant—
Average account balance$16,101
Benefits paid to participants$32,989
Plan auditUnmodified (clean) audit opinion
AuditorREDW LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 61 accts
2023$1.8M · 113 accts
2022$1.5M · 115 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,145
Investment management$8,313
Total administrative$24,958
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment managementindirect comp
FINANCIAL COUNSELING RESOURCES · Investment advisory (participants)$8,313

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$32,510 · 1.82%
2023$24,958 · 1.48%
2022$23,841 · 1.43%
Same employer
Similar plansConstruction · New Mexico
Cambro Construction, Inc. NM$3.1M · 0.92%
Star Paving Company NM$1.4M · 1.03%
Runyan Construction, Inc. NM$1.3M · 1.25%
Burgos Holdings, LLC NM$1.2M · 0.07%
H B Construction, Inc. NM$1.1M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850254343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.