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 (2018) 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 2018

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

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

-4.8% from 2017

Total participants

258

-0.4% from 2017

Average account balance

$37,599

-5.5% from 2017

Annual return

-5.94%

-19.83 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC FINANCIAL SERVICES2 years Filed as: STRATEGIC FINANCIAL SERVICES, INC. Service code 27 · EIN 16-1334685	Advisory (Plan)	$27,485
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS INST OP CO Service code 64 · EIN 04-2647786	Recordkeeping Fees	$10,719

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$174 / participant

Investment mgmt$27K70.5%
Contract admin$1750.4%
Other / not subdivided$11K29.1%

% of EOY assets

0.413%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DANNIBLE & MCKEE, LLP
Auditor EIN: 330996661
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,599

$66,302-43.3%

$110,238-65.9%

$56,287-33.2%

Participation rate

96.9%

74.9%+22.0pp

79.8%+17.1pp

69.9%+27.0pp

Annual return

-5.94%

-1.18%-4.8pp

314.74%-320.7pp

-9.96%+4.0pp

Employer contribution / active EE

$470

$2,047-77.0%

$3,826-87.7%

$2,111-77.7%

Participant deferral / active EE

$2,454

$3,381-27.4%

$4,672-47.5%

$3,350-26.7%

Admin fee / account holder

$155

$698-77.8%

$8,547-98.2%

$521-70.2%

Provider

Service type

Compensation

STRATEGIC FINANCIAL SERVICES2 years

Filed as: STRATEGIC FINANCIAL SERVICES, INC.

Service code 27 · EIN 16-1334685

Advisory (Plan)

$27,485

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS INST OP CO

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$10,719

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