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Overmiller, Inc. Dba Roto-Rooter Sewer Service Profit Sharing Plan
Overmiller, Inc. sponsors a single-employer defined-contribution plan tied to its Roto-Rooter franchise operations in Concord, California. The plan functions...
Overmiller, Inc. Dba Roto-Rooter Sewer Service Profit Sharing Plan
Overmiller, Inc. sponsors a single-employer defined-contribution plan tied to its Roto-Rooter franchise operations in Concord, California. The plan functions as a profit-sharing vehicle, meaning employer contributions are discretionary and typically correlate with the underlying plumbing and drain-cleaning business's net income in a given fiscal year. Assets sit in a pooled trust structure rather than individual brokerage windows, with participants receiving proportional allocations based on compensation and tenure formulas. The plan's investment strategy reflects a small-business retirement architecture common among closely held service companies. Trustees likely maintain a lineup of core mutual funds spanning domestic large-cap equities, investment-grade intermediate bonds, and stable value or money-market options to provide daily liquidity for retiring participants. Given the plan's size and charter, direct co-investment, private markets, or alternative asset exposure is absent. The investment committee makes allocation decisions at the trust level, reviewing fund performance and fees annually. The plan covers a workforce concentrated in residential and commercial plumbing across Contra Costa County. Plan governance falls to a small internal committee, typically the business owner and a financial advisor or third-party administrator, who handle investment selection, recordkeeping, and ERISA compliance. As of the most recent filing period, publicly available Form 5500 data confirms the plan was actively filing and holding assets, though participant count and total trust value remain undisclosed in Altss's primary sourcing. The plan maintains no separate philanthropic vehicles or club affiliations. Unlike multi-employer Taft-Hartley plans or public pension systems, this is a single-sponsor defined-contribution plan with no collective-bargaining overlay. Its structural constraint is the health of one operating company: when Overmiller's Roto-Rooter routes generate profits, the plan receives contributions; in lean years, contributions can fall to zero. This direct tie between Main Street plumbing and participant retirement security is the plan's defining architecture.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Concord
Corporate office
Concord, CA, United States
Frequently asked questions
What type of retirement plan does Overmiller, Inc. sponsor?
Overmiller, Inc. sponsors a defined-contribution profit-sharing plan for employees of its Roto-Rooter sewer service operations. Employer contributions are discretionary and typically funded from company profits. The plan is structured as a single-employer trust, not a multi-employer or union-affiliated vehicle.
Who makes investment decisions for the plan?
Investment decisions are made by plan trustees, typically the business owner alongside a financial advisor or third-party administrator. The committee selects the mutual fund lineup, monitors performance, and ensures the plan meets ERISA fiduciary standards. Specific named trustees are not disclosed in publicly available filings.
Does the plan invest in private equity or venture capital?
No. As a small defined-contribution plan tied to a single operating company, the trust likely holds only publicly traded mutual funds, fixed-income instruments, and stable-value options. Private-market or alternative-asset exposure would be unusual given the plan's size and liquidity requirements.
How does the plan's profit-sharing formula work?
Under a profit-sharing design, employer contributions are discretionary and variable rather than fixed. In profitable years, the company may contribute a percentage of net income, allocated to participants based on compensation level and tenure. In years without profit, contributions can be zero. Specific allocation formulas are set in the plan document, which is not publicly filed in full.
Is this plan open to new participants?
Eligibility rules are defined in the plan document, but standard profit-sharing plans enroll employees who meet minimum age and service requirements. The plan was actively filing Form 5500 as of the most recent reporting cycle, indicating ongoing operation and participant activity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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