Retirement plan

STERMAN MASSER INC 401(K) PLAN

Name: STERMAN MASSER INC - STERMAN MASSER INC 401(K) PLAN (2021) Form 5500
Creator: STERMAN MASSER INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STERMAN MASSER INC 401(K) PLAN, STERMAN MASSER INC

STERMAN MASSER INCEIN 23-1726207Plan #002PY 2021

2 FEARNOT ROAD, BOX 210 - SACRAMENTO, PA 17968570-682-3709stermanmasser.comLinkedIn201-500 employeesfood production

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.6M

+21.3% from 2020

Total participants

237

-27.1% from 2020

Average account balance

$40,644

+0.9% from 2020

Annual return

15.00%

-12.82 pp from 2020

Benchmarks

See 500 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort500 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.36M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

269

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$72,552
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 51 · EIN 26-4311657 6504 BRIDGEPOINT PARKWAY · AUSTIN, TX 78730	Investment Mgmt Fees	$4,347
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843 95 CONNECTICUT DR · BURLINGTON, NJ 08016	Contract Administrator	$3,570
RKL LLP2 years Filed as: RKL, LLP Service code 10 PO BOX 8408 · LANCASTER, PA 17604	Accounting	$906
LPL FINANCIAL2 years Service code 52 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

$81K

$378 / participant

Other / not subdivided$81K100.0%

% of EOY assets

0.845%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,644

$65,862-38.3%

$124,693-67.4%

$79,391-48.8%

Participation rate

100.0%

62.2%+37.8pp

74.6%+25.4pp

70.7%+29.3pp

Annual return

15.00%

19.02%-4.0pp

5144.19%-5129.2pp

116.88%-101.9pp

Employer contribution / active EE

$1,586

$1,883-15.8%

$3,324-52.3%

$2,428-34.7%

Participant deferral / active EE

$3,329

$2,772+20.1%

$4,615-27.9%

$4,046-17.7%

Admin fee / account holder

$343

$673-49.0%

$7,494-95.4%

$627-45.2%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$72,552

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 51 · EIN 26-4311657

6504 BRIDGEPOINT PARKWAY · AUSTIN, TX 78730

Investment Mgmt Fees

$4,347

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13 · EIN 82-3719843

95 CONNECTICUT DR · BURLINGTON, NJ 08016

Contract Administrator

$3,570

RKL LLP2 years

Filed as: RKL, LLP

Service code 10

PO BOX 8408 · LANCASTER, PA 17604

Accounting

$906

LPL FINANCIAL2 years

Service code 52

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Indirect Investment Fees

STERMAN MASSER INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STERMAN MASSER INC 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