Plan Ledger DOL Form 5500 · updated monthly

Reef Systems Corp.401(k)

THE CONTRACTORS RETIREMENT PLAN · CARY, NC · plan year 2022

Plan assets · 2022
$341K

Reef Systems Corp.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $341,311 across 33 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,965th of 2,005), and 5,256th of 5,337 in construction.

Plan summary
Net assets, end of year$341,311
Participants with balances33
Active participants117
Employer contributions—
Employee contributions$79,178
Employer contribution per active participant—
Average account balance$10,343
Benefits paid to participants$103,873
Plan auditUnmodified (clean) audit opinion
AuditorLANCE, SOLL & LUNGHARD, LLP
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Source: U.S. Department of Labor, Form 5500 series, EIN 261661590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.