Retirement plan

STEPHENS PIPE AND STEEL 401(K) PLAN

Name: STEPHENS PIPE AND STEEL, LLC - STEPHENS PIPE AND STEEL 401(K) PLAN (2024) Form 5500
Creator: STEPHENS PIPE AND STEEL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEPHENS PIPE AND STEEL 401(K) PLAN, STEPHENS PIPE AND STEEL, LLC

STEPHENS PIPE AND STEEL, LLCEIN 26-2319757Plan #001PY 2024

2224 E HWY 619 - RUSSELL SPRINGS, KY 42642270-866-3331spsfence.comLinkedIn501-1000 employeeswholesale

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed March 11, 1

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$20.6M

+28.0% from 2023

Total participants

1,236

+6.3% from 2023

Average account balance

$20,600

+18.2% from 2023

Annual return

10.81%

-3.28 pp from 2023

Benchmarks

See 840 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort840 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.60M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

1,000

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.23M

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

+10.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$76,966
BAIRD FUNDS1 year Filed as: ROBERT W. BAIRD & CO. INCORPORATED Service code 27 · EIN 39-6037917	Advisory (Plan)	$60,826
NOVA 401(K) ASSOCIATES2 years Filed as: NOVA 401K ASSOCIATES Service code 13	Contract Administrator	$24,334
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
NOVA 401(K) ASSOCIATES2 years Service code 13 · EIN 20-1181458	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3B2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$138K

$129 / participant

Investment mgmt$61K44.1%
Contract admin$77K55.9%

% of EOY assets

0.669%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,600

$110,299-81.3%

$102,423-79.9%

$199,593-89.7%

Participation rate

77.9%

86.3%-8.3pp

76.5%+1.5pp

72.0%+6.0pp

Annual return

10.81%

35.73%-24.9pp

29.32%-18.5pp

34.25%-23.4pp

Employer contribution / active EE

$1,198

$3,603-66.7%

$3,023-60.4%

$3,034-60.5%

Participant deferral / active EE

$2,754

$6,376-56.8%

$5,053-45.5%

$5,087-45.9%

Admin fee / account holder

$138

$122+12.7%

$9,451-98.5%

$269-48.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$76,966

BAIRD FUNDS1 year

Filed as: ROBERT W. BAIRD & CO. INCORPORATED

Service code 27 · EIN 39-6037917

Advisory (Plan)

$60,826

NOVA 401(K) ASSOCIATES2 years

Filed as: NOVA 401K ASSOCIATES

Service code 13

Contract Administrator

$24,334

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

NOVA 401(K) ASSOCIATES2 years

Service code 13 · EIN 20-1181458

Contract Administrator

STEPHENS PIPE AND STEEL 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEPHENS PIPE AND STEEL 401(K) PLAN

Top hat statement on fileNQDC

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