Retirement plan

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

Name: LOCK JOINT TUBE LLC - LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K) (2019) Form 5500
Creator: LOCK JOINT TUBE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K), LOCK JOINT TUBE LLC

LOCK JOINT TUBE LLCEIN 20-2023920Plan #004PY 2019

2722 WEST TUCKER DRIVE - SOUTH BEND, IN 46624574-236-5114steelwarehouse.comLinkedIn501-1000 employeesmining & metals

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$13.1M

+15.3% from 2018

Total participants

229

+8.0% from 2018

Average account balance

$63,777

+8.1% from 2018

Annual return

15.60%

+18.32 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.81M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

193

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 10 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$20,126
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,328
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FEDERATED1 year Service code 52 · EIN 26-1900849	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PGIM INVESTMENTS3 years Service code 52 · EIN 22-3468527	Indirect Investment Fees	$0
PNC BANK, N.A.3 years Filed as: PNC FUNDS Service code 52 · EIN 26-1900849	Indirect Investment Fees	$0
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO Service code 52 · EIN 41-0449260	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$120 / participant

Investment mgmt$20K82.3%
Contract admin$4K17.7%

% of EOY assets

0.186%

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: CROWE HORWATH
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,777

$65,376-2.4%

$87,100-26.8%

$65,185-2.2%

Participation rate

88.7%

75.3%+13.3pp

76.9%+11.8pp

70.2%+18.5pp

Annual return

15.60%

31.27%-15.7pp

28.19%-12.6pp

29.38%-13.8pp

Employer contribution / active EE

$1,647

$1,822-9.6%

$2,521-34.7%

$2,177-24.3%

Participant deferral / active EE

$1,808

$3,388-46.6%

$4,049-55.3%

$3,514-48.5%

Admin fee / account holder

$119

$520-77.2%

$7,497-98.4%

$847-86.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$20,126

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,328

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FEDERATED1 year

Service code 52 · EIN 26-1900849

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PGIM INVESTMENTS3 years

Service code 52 · EIN 22-3468527

Indirect Investment Fees

PNC BANK, N.A.3 years

Filed as: PNC FUNDS

Service code 52 · EIN 26-1900849

Indirect Investment Fees

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO

Service code 52 · EIN 41-0449260

Indirect Investment Fees

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCK JOINT TUBE LLC HOURLY UNION EMPLOYEES' 401(K)

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