Retirement plan

PACEMAKER STEEL AND PIPING COMPANY, INC. EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN

Name: PACEMAKER STEEL AND PIPING COMPANY, INC. - PACEMAKER STEEL AND PIPING COMPANY, INC. EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN (2024) Form 5500
Creator: PACEMAKER STEEL AND PIPING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACEMAKER STEEL AND PIPING COMPANY, INC. EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN, PACEMAKER STEEL AND PIPING COMPANY, INC.

PACEMAKER STEEL AND PIPING COMPANY, INC.EIN 16-1614925Plan #001PY 2024

501 MAIN STREET - UTICA, NY 135011245315-738-1112pacemakersteel.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$17.2M

+9.0% from 2023

Total participants

335

+17.1% from 2023

Average account balance

$62,659

+6.2% from 2023

Annual return

12.65%

-4.39 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.23M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

275

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

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

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$312

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC FINANCIAL SERVICES8 years Filed as: STRATEGIC FINANCIAL SERVICES, INC. Service code 27 · EIN 16-1334685	Advisory (Plan)	$46,917
FIDELITY INVESTMENTS INSTITUTIONAL7 years Filed as: FIDELITY INVESTMENTS INST OP CO Service code 60 · EIN 04-2647786	Sub-TA Fees	$38,986

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$86K

$298 / participant

Recordkeeping$39K45.4%
Investment mgmt$47K54.6%

% of EOY assets

0.498%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DANNIBLE & MCKEE, LLP
Auditor EIN: 330996661
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,659

$89,465-30.0%

$165,100-62.0%

$77,762-19.4%

Participation rate

79.2%

78.6%+0.5pp

70.6%+8.6pp

Annual return

12.65%

28.86%-16.2pp

70.21%-57.6pp

31.27%-18.6pp

Employer contribution / active EE

$1,145

$2,565-55.4%

$4,348-73.7%

$2,728-58.0%

Participant deferral / active EE

$3,163

$4,904-35.5%

$6,035-47.6%

$4,651-32.0%

Admin fee / account holder

$312

$340-8.1%

$12,696-97.5%

$433-27.9%

Provider

Service type

Compensation

STRATEGIC FINANCIAL SERVICES8 years

Filed as: STRATEGIC FINANCIAL SERVICES, INC.

Service code 27 · EIN 16-1334685

Advisory (Plan)

$46,917

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Filed as: FIDELITY INVESTMENTS INST OP CO

Service code 60 · EIN 04-2647786

Sub-TA Fees

$38,986

PACEMAKER STEEL AND PIPING COMPANY, INC. EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACEMAKER STEEL AND PIPING COMPANY, INC. EMPLOYEES' DEFERRED SAVINGS AND PROFIT SHARING 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