Retirement plan

SPARTANBURG STEEL PRODUCTS, INC. SAVINGS AND INVESTMENT PLAN

Name: SPARTANBURG STEEL HOLDINGS, INC. - SPARTANBURG STEEL PRODUCTS, INC. SAVINGS AND INVESTMENT PLAN (2019) Form 5500
Creator: SPARTANBURG STEEL HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPARTANBURG STEEL PRODUCTS, INC. SAVINGS AND INVESTMENT PLAN, SPARTANBURG STEEL HOLDINGS, INC.

SPARTANBURG STEEL HOLDINGS, INC.EIN 31-1039895Plan #003PY 2019

1290 NEW CUT ROAD - SPARTANBURG, SC 29303864-585-5211

Other plans on this EIN

1 filing

#004Retirement-$4.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+16.4% from 2018

Total participants

113

0.0% from 2018

Average account balance

$81,257

+17.5% from 2018

Annual return

19.99%

+24.59 pp from 2018

Benchmarks

See 14,956 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,956 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.24M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

101

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$622

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC5+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$20,232
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$13,234
CBIZ RETIREMENT PLAN SERVICES5+ years Service code 13 13680 CLEVELAND AVE NW · UNIONTOWN, OH 44685	Contract Administrator	$8,112

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$33K

$487 / participant

Contract admin$33K100.0%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,257

$72,486+12.1%

$87,103-6.7%

$72,976+11.3%

Participation rate

92.6%

72.8%+19.8pp

76.9%+15.8pp

69.5%+23.2pp

Annual return

19.99%

24.46%-4.5pp

28.19%-8.2pp

81.02%-61.0pp

Employer contribution / active EE

$488

$1,894-74.2%

$2,521-80.6%

$2,440-80.0%

Participant deferral / active EE

$5,665

$3,270+73.3%

$4,049+39.9%

$3,608+57.0%

Admin fee / account holder

$307

$5,055-93.9%

$7,491-95.9%

$5,124-94.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC5+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27

4208 SIX FORKS ROAD, SUITE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$20,232

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$13,234

CBIZ RETIREMENT PLAN SERVICES5+ years

Service code 13

13680 CLEVELAND AVE NW · UNIONTOWN, OH 44685

Contract Administrator

$8,112

SPARTANBURG STEEL PRODUCTS, INC. SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPARTANBURG STEEL PRODUCTS, INC. SAVINGS AND INVESTMENT 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