Retirement plan

STEEL-FAB, INC. SHOP 401(K) PLAN

Name: STEEL-FAB, INC. - STEEL-FAB, INC. SHOP 401(K) PLAN (2024) Form 5500
Creator: STEEL-FAB, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEEL-FAB, INC. SHOP 401(K) PLAN, STEEL-FAB, INC.

STEEL-FAB, INC.EIN 04-2396722Plan #003PY 2024

430 CRAWFORD ST - FITCHBURG, MA 014206808978-345-1112

Other plans on this EIN

3 filings

#001Retirement-$4.6M assets #004Retirement-$3.6M assets #002Retirement-$2.3M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+26.0% from 2023

Total participants

+18.2% from 2023

Average account balance

$51,123

-18.1% from 2023

Annual return

14.33%

-2.94 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$51K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$148

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$123 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.290%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,123

$117,829-56.6%

$102,423-50.1%

$145,877-65.0%

Participation rate

75.0%

78.6%-3.6pp

76.5%-1.5pp

80.3%-5.3pp

Annual return

14.33%

31.83%-17.5pp

29.42%-15.1pp

551.28%-537.0pp

Employer contribution / active EE

$1,131

$3,615-68.7%

$3,023-62.6%

$4,663-75.7%

Participant deferral / active EE

$2,808

$5,732-51.0%

$5,054-44.4%

$6,691-58.0%

Admin fee / account holder

$148

$13,335-98.9%

$9,455-98.4%

$13,402-98.9%

STEEL-FAB, INC. SHOP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEEL-FAB, INC. SHOP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion