Industry · Form 5500 business code 324120
Asphalt Paving, Roofing, & Saturated Materials Mfg: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
33 retirement plans in asphalt paving, roofing, & saturated materials mfg with 100 or more participants filed Form 5500 for plan year 2024 (32 defined contribution, 1 defined benefit). All Form 5500 pension filers in the group reported 31,170 participant records and $2.94B in net assets.
The median defined contribution plan held $70,185 per participant, well above the national median of $53,031, and its employer put in $3,200 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $130 per participant against $123 nationally.
Employers contributed $113M and participants $143M during the year, and the plans paid out $258M in benefits.
In 2009 the same group numbered 28 plans with $1.05B; by 2024 it was 33 plans (up 18%) and $2.94B (up 180%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $70,185 | $53,031 | $38,523 | $86,234 |
| Employer contributions per active participant | $3,200 | $2,174 | $3,227 | $10,244 |
| Schedule C compensation per participant | $130 | $123 | $162 | $344 |
| Schedule C compensation, share of net assets | 0.21% | 0.26% | 0.42% | 0.42% |
| Administrative expenses per participant | $140 | $116 | $392 | $527 |
Medians across plans with 100 or more participants (30 DC and 1 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $36,535 | $70,185 | $102,237 | 30 |
| Employer contributions per active participant | $1,933 | $3,200 | $4,402 | 29 |
| Schedule C compensation per participant | $61.14 | $130 | $195 | 28 |
| Administrative expenses per participant | $70.88 | $140 | $193 | 26 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 33 | 31,170 | $2.94B | $113M | $143M | $70,185 | $130 |
| 2023 | 32 | 28,129 | $2.57B | $103M | $131M | $61,458 | $104 |
| 2022 | 36 | 28,318 | $2.25B | $102M | $120M | $54,793 | $130 |
| 2021 | 35 | 27,078 | $2.63B | $99.5M | $108M | $60,633 | $138 |
| 2020 | 34 | 25,402 | $2.28B | $78.7M | $94.1M | $59,382 | $90.01 |
| 2019 | 37 | 34,221 | $2.18B | $88.6M | $88.6M | $49,915 | $88.39 |
| 2018 | 32 | 28,883 | $1.45B | $63.8M | $73.1M | $35,783 | $72.94 |
| 2017 | 33 | 31,442 | $1.81B | $74.8M | $73.3M | $48,630 | $74.08 |
| 2016 | 29 | 27,371 | $1.49B | $65.8M | $66.3M | $43,290 | $57.61 |
| 2015 | 29 | 23,685 | $1.43B | $50.0M | $59.2M | $46,882 | $65.34 |
| 2014 | 28 | 23,919 | $1.41B | $45.7M | $55.8M | $45,581 | $62.43 |
| 2013 | 28 | 22,570 | $1.29B | $37.7M | $52.5M | $40,022 | $65.56 |
| 2012 | 30 | 24,024 | $1.16B | $47.1M | $59.7M | $39,974 | $63.50 |
| 2011 | 30 | 25,311 | $1.23B | $54.0M | $57.0M | $36,457 | $56.55 |
| 2010 | 27 | 23,858 | $1.18B | $44.3M | $51.1M | $36,916 | $47.91 |
| 2009 | 28 | 26,747 | $1.05B | $52.5M | $49.6M | $24,230 | $41.38 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 33 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 33 largest by participants of 33 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Gaf LLC 401(k) Plan | Gaf LLC | NJ | DC | 6,989 | $1.11B | $158,773 | $7,911 | $86.68 |
| Astec Industries, Inc. 401(k) Retirement Plan | Astec Industries, Inc. | TN | DC | 4,223 | $350M | $82,896 | $3,063 | $181 |
| Retirement Plan for Hourly Paid Employees of Gaf Materials LLC | Gaf Materials LLC | NJ | DB | 2,185 | $84.2M | $38,523 | $3,227 | $162 |
| Atlas Roofing Corporation 401(k) Profit Sharing Plan | Atlas Roofing Corporation | MS | DC | 1,964 | $226M | $115,260 | $4,611 | $194 |
| International Specialty Products Inc. 401(k) Plan | International Specialty Products, Inc. | DE | DC | 1,724 | $143M | $83,213 | $1,216 | $5.01 |
| Roofers Local No. 96 Annuity Fund | Trustees of Roofers Local No. 96 Annuity Fund | MN | DC | 1,415 | $91.2M | $64,420 | $3,905 | $196 |
| Tamko Building Products LLC 401(k) Plan | Tamko Building Products LLC | KS | DC | 1,225 | $155M | $126,596 | $398 | $3.54 |
| Tamko Employees Profit Sharing Retirement Plan | Tamko Building Products LLC | KS | DC | 1,174 | $220M | $187,209 | $17,628 | — |
| Specialty Granules Holdings LLC 401(k) Plan | Specialty Granules Holdings LLC | NJ | DC | 867 | $142M | $163,756 | $6,858 | $123 |
| Iko Hourly Employee Savings Plan | Iko Industries, Inc. | DE | DC | 783 | $15.4M | $19,712 | $1,933 | $93.34 |
| Polyglass USA, Inc. 401(k) Plan | Polyglass USA, Inc. | FL | DC | 702 | $38.3M | $54,505 | $3,491 | $162 |
| Iko Salaried Employee Savings Plan | Iko Industries, Inc. | DE | DC | 611 | $43.2M | $70,724 | $3,200 | $321 |
| Superior Paving Corp. and Associated Companies Retirement Savings Plan | Superior Paving Corp. | VA | DC | 571 | $47.7M | $83,548 | $3,467 | $171 |
| Atlas Roofing Corporation 401(k) Profit Sharing Plan for Bargaining Unit Employees | Atlas Roofing Corporation | MS | DC | 567 | $37.0M | $65,213 | $3,273 | $87.79 |
| Vance Brothers, Inc. Retirement Plan | Vance Brothers, Inc. | MO | DC | 559 | $21.1M | $37,712 | $2,885 | $151 |
| A-1 Industries Retirement Plan | A-1 Industries of Florida, Inc. | FL | DC | 549 | $5.3M | $9,719 | $619 | $130 |
| Gaf LLC Union Capital Accumulation Plan | Gaf LLC | NJ | DC | 535 | $37.3M | $69,646 | $2,086 | $74.15 |
| Grace LLC 401(k) Plan | Grace Industries LLC | NY | DC | 498 | $37.1M | $74,440 | $6,041 | $20.43 |
| Corna Kokosing 401(k) Profit Sharing Plan | Corna Kokosing Construction Company | OH | DC | 451 | $40.3M | $89,338 | $2,988 | $130 |
| M & M Asphalt Maintenance, Inc. Retirement Plan | M & M Asphalt Maintenance, Inc. | FL | DC | 421 | $6.3M | $14,867 | $2,183 | $5.81 |
| Midland Savings and Retirement Plan | Midland Savings | KY | DC | 384 | $18.0M | $46,816 | $755 | $280 |
| Gencor Industries, Inc. Retirement Savings Plan | Gencor Industries, Inc. | FL | DC | 340 | $23.3M | $68,546 | $1,337 | $24.82 |
| A-1 Global Holdings ESOP Plan and Trust | A-1 Global Holdings, Inc. | FL | DC | 319 | $3.1M | $9,735 | $3,831 | — |
| Pavement Maintenance Group 401(k) Plan | Gem Asset Acquisition LLC | NC | DC | 297 | $5.1M | $17,055 | $2,300 | $10.59 |
| American Asphalt Company, Inc. Employee Stock Ownership Plan | American Asphalt Company, Inc. | NJ | DC | 223 | $2.5M | $11,027 | — | $54.98 |
| General Asphalt 401(k) Profit Sharing Plan | General Asphalt Co., LLC | FL | DC | 221 | $4.4M | $20,079 | $935 | $64.90 |
| McConnell & Associates, Inc. 401(k) Profit Sharing Plan | McConnell & Associates, Inc. | MO | DC | 184 | $18.8M | $102,300 | $3,509 | $426 |
| Thomann Asphalt Paving Corp. 401(k) Retirement Plan | Thomann Asphalt Paving Corp. | NY | DC | 153 | — | — | — | — |
| Brox Industries, Inc. 401(k) Retirement Plan | Brox Industries, Inc. | MA | DC | 150 | $21.1M | $140,772 | $7,878 | $442 |
| Perrin Asphalt Company, Inc. 401(k) Profit Sharing Plan | Perrin Asphalt Company, Inc. | OH | DC | 132 | $18.8M | $142,774 | $5,378 | $551 |
| Coastal Energy Corporation 401(k) Profit Sharing Plan | Coastal Energy Corporation | MO | DC | 131 | $4.7M | $36,142 | $1,929 | $195 |
| Calportland Construction Hourly Employees Profit Sharing Plan | Calportland Construction | NV | DC | 107 | $15.1M | $141,206 | $13,202 | $49.84 |
| Eaton Asphalt Paving Co. Hourly Retirement Plan | Eaton Asphalt Paving Co., Inc. | OH | DC | 107 | — | — | — | — |
By plan size
By state
Questions and answers
How many retirement plans are there in asphalt paving, roofing, & saturated materials mfg?
33 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 51 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in asphalt paving, roofing, & saturated materials mfg?
The median defined contribution plan reported $70,185 in net assets per participant (middle half of plans: $36,535 to $102,237); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in asphalt paving, roofing, & saturated materials mfg?
The median defined contribution plan received $3,200 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in asphalt paving, roofing, & saturated materials mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $130 per participant and 0.21% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.