Retirement plan

BLUESCOPE EMPLOYEE SAVINGS TRUST (BEST)

Name: BLUESCOPE STEEL NORTH AMERICA CORP - BLUESCOPE EMPLOYEE SAVINGS TRUST (BEST) (2023) Form 5500
Creator: BLUESCOPE STEEL NORTH AMERICA CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUESCOPE EMPLOYEE SAVINGS TRUST (BEST), BLUESCOPE STEEL NORTH AMERICA CORP

BLUESCOPE STEEL NORTH AMERICA CORPEIN 23-2081882Plan #041PY 2023

P.O. BOX 419917 - KANSAS CITY, MO 641410917816-968-3000bsnac.comLinkedIn1001-5000 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$607.9M

-3.6% from 2016

Total participants

5,270

+4.6% from 2016

Average account balance

$121,264

-8.1% from 2016

Annual return

18.42%

-6.17 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$678.46M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

5,030

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INV INSTIT OPERATIONS CO Service code 37 · EIN 04-2647786	Loan Processing	$222,130
AON CONSULTING6 years Filed as: AON HEWITT INVESTMENT CONSULTING IN Service code 27 · EIN 36-3109431	Advisory (Plan)	$91,500
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$91,463
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ CPAS P.C. Service code 10 · EIN 43-1947695	Accounting	$25,225

Plan features & details

Pension benefit codes2E2H2J2K2F2R

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).
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$435K

$112 / participant

Recordkeeping$224K51.4%
Investment mgmt$91K21.0%
Legal$3K0.6%
Contract admin$9000.2%
Other / not subdivided$116K26.7%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $25,225
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,264

$104,544+16.0%

$96,564+25.6%

$80,187+51.2%

Participation rate

93.4%

86.4%+7.0pp

76.0%+17.4pp

72.9%+20.5pp

Annual return

18.42%

21.79%-3.4pp

25.89%-7.5pp

40.40%-22.0pp

Employer contribution / active EE

$6,544

$3,527+85.5%

$2,967+120.6%

$2,980+119.6%

Participant deferral / active EE

$6,741

$6,170+9.2%

$4,852+38.9%

$5,016+34.4%

Admin fee / account holder

$87

$107-18.8%

$8,256-98.9%

$145-40.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INV INSTIT OPERATIONS CO

Service code 37 · EIN 04-2647786

Loan Processing

$222,130

AON CONSULTING6 years

Filed as: AON HEWITT INVESTMENT CONSULTING IN

Service code 27 · EIN 36-3109431

Advisory (Plan)

$91,500

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$91,463

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ CPAS P.C.

Service code 10 · EIN 43-1947695

Accounting

$25,225

BLUESCOPE EMPLOYEE SAVINGS TRUST (BEST)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUESCOPE EMPLOYEE SAVINGS TRUST (BEST)

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