Retirement plan

FIEDELDEY STEEL FABRICATORS, INC. 401(K) RETIREMENT PLAN

Name: FIEDELDEY STEEL FABRICATORS, INC. - FIEDELDEY STEEL FABRICATORS, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: FIEDELDEY STEEL FABRICATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIEDELDEY STEEL FABRICATORS, INC. 401(K) RETIREMENT PLAN, FIEDELDEY STEEL FABRICATORS, INC.

FIEDELDEY STEEL FABRICATORS, INC.EIN 31-0993289Plan #001PY 2022

8487 E. MIAMI RIVER RD - CINCINNATI, OH 45247513-353-3300LinkedIn11-50 employeesbuilding materials

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

-20.1% from 2021

Total participants

-11.1% from 2021

Average account balance

$172,301

-6.8% from 2021

Annual return

-18.56%

-33.06 pp from 2021

Benchmarks

See 22,369 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,369 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.77M

Not enough data

1 years with asset history on file

Average account balance

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

$252K

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.

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

$122K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+23.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4959

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$115K

$8203 / participant

Other / not subdivided$115K100.0%

% of EOY assets

5.554%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,301

$100,805+70.9%

$86,698+98.7%

$134,532+28.1%

Participation rate

71.4%

79.0%-7.5pp

76.6%-5.2pp

81.2%-9.8pp

Annual return

-18.56%

29.09%-47.6pp

35.95%-54.5pp

418.27%-436.8pp

Employer contribution / active EE

$3,490-100.0%

$2,837-100.0%

$4,741-100.0%

Participant deferral / active EE

$5,273

$5,339-1.3%

$4,656+13.2%

$6,401-17.6%

Admin fee / account holder

$9,570

$10,925-12.4%

$7,493+27.7%

$11,429-16.3%

FIEDELDEY STEEL FABRICATORS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIEDELDEY STEEL FABRICATORS, INC. 401(K) RETIREMENT 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