Retirement plan

STEIN SEAL COMPANY 401(K) RETIREMENT SAVINGS PLAN

Name: STEIN SEAL COMPANY - STEIN SEAL COMPANY 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: STEIN SEAL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEIN SEAL COMPANY 401(K) RETIREMENT SAVINGS PLAN, STEIN SEAL COMPANY

STEIN SEAL COMPANYEIN 23-1729452Plan #002PY 2024

1500 INDUSTRIAL BLVD - KULPSVILLE, PA 194430316215-256-0201steinseal.comLinkedIn201-500 employeesaviation & aerospace

Other plans on this EIN

1 filing

#001Retirement-$40.0M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.1M

+9.4% from 2023

Total participants

244

+1.2% from 2023

Average account balance

$53,547

-9.2% from 2023

Annual return

12.02%

-0.17 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.07M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

188

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.

74.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$30,967
M.S. HOWELLS & CO3 years Filed as: M. S. HOWELLS & CO. Service code 49 · EIN 86-0988422	Other Services	$1,646

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$31K

$142 / participant

Contract admin$31K100.0%

% of EOY assets

0.308%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,547

$79,209-32.4%

$102,434-47.7%

$74,459-28.1%

Participation rate

74.3%

74.8%-0.5pp

76.5%-2.2pp

67.2%+7.1pp

Annual return

12.02%

54.98%-43.0pp

29.46%-17.4pp

1369.70%-1357.7pp

Employer contribution / active EE

$2,362-100.0%

$3,023-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,244

$4,417-26.6%

$5,055-35.8%

$4,350-25.4%

Admin fee / account holder

$165

$2,002-91.8%

$9,462-98.3%

$1,945-91.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$30,967

M.S. HOWELLS & CO3 years

Filed as: M. S. HOWELLS & CO.

Service code 49 · EIN 86-0988422

Other Services

$1,646

STEIN SEAL COMPANY 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEIN SEAL COMPANY 401(K) RETIREMENT SAVINGS 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