Plan Ledger DOL Form 5500 · updated monthly

Schena Roofing & Sheet Metal Company, Inc.ESOP

SCHENA ROOFING & SHEET METAL CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN · CHESTERFIELD, MI · plan year 2023

Employer contribution per participant · 2023
$7,976

Schena Roofing & Sheet Metal Company, Inc.'s 2023 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 -$11,179,829 across 101 participant accounts, with employer contributions averaging $7,976 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers.

Plan summary
Net assets, end of year-$11,179,829
Participants with balances101
Active participants93
Employer contributions$741,764
Employee contributions—
Employer contribution per active participant$7,976
Average account balance-$110,691
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS S.C.
Plan history2
Yearassets · accounts · employer contribution
2023$-11.2M · 101 accts · $742K emplr
2022$-13.3M · 113 accts · $629K emplr
Employer contributions to the Schena Roofing & Sheet Metal Company, Inc. plan · 2023
Employer contribution per active participant$7,976
Median for plans this size$522
2023$7,976 per active participant
2022$5,520 per active participant

Schena Roofing & Sheet Metal Company, Inc.'s 2023 employer contribution ran above the $522 median for plans its size, placing it in the top 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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
All plans at this employer2
SCHENA ROOFING & SHEET METAL CO., INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
SCHENA ROOFING & SHEET METAL CO., INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Source: U.S. Department of Labor, Form 5500 series, EIN 381895735 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.