Plan Ledger DOL Form 5500 · updated monthly

Nations Roof LLC401(k)

NATIONS ROOF, LLC 401(K) PLAN · CLEARFIELD, UT · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Nations Roof LLC reported $180,706 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,424 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 1.52% to 0.94%. 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 289th-largest of 848 plans among Utah employers on file, and the 1,947th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,201,358
Participants with balances402
Active participants894
Employer contributions$1,273,225
Employee contributions$2,410,695
Employer contribution per active participant$1,424
Average account balance$52,740
Benefits paid to participants$2,064,904
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 402 accts · $1.3M emplr
2023$17.2M · 411 accts · $1.2M emplr
2022$12.8M · 405 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,346
Investment management$124,507
Trustee / custodial$7,853
Total administrative$180,706
The Nations Roof LLC 401(k) match · 2024
Employer contribution per active participant$1,424
Median for plans this size$2,416
2024$1,424 per active participant
2023$1,323 per active participant
2022$1,123 per active participant

Nations Roof LLC's 2024 employer contribution ran below the $2,416 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
AMERITAS LIFE INSURANCE CORP · Plan administrator · Recordkeeping$48,346
CAPTRUST FINANCIAL ADVISORS · Investment advisory (participants) · Investment advisory (plan)$124,507
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$7,853

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

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Administrative cost history3
2024$180,706 · 0.94%
2023$188,000 · 1.25%
2022$198,722 · 1.52%
Same employer
Similar plansConstruction · Utah
R.C. Hunt Electric, Inc. UT$26.4M · 0.07%
Steel Encounters, Inc. UT$23.8M · 0.01%
Hogan Resources LLC UT$19.8M · 0.25%
Sme Steel Contractors, Inc. UT$17.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 753161782 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.