Retirement plan

STATE CHEMICAL SALES COMPRANY INTERNATIONAL PR SAVINGS PLAN

Name: STATE INDUSTRIAL PRODUCTS, CORP - STATE CHEMICAL SALES COMPRANY INTERNATIONAL PR SAVINGS PLAN (2020) Form 5500
Creator: STATE INDUSTRIAL PRODUCTS, CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE CHEMICAL SALES COMPRANY INTERNATIONAL PR SAVINGS PLAN, STATE INDUSTRIAL PRODUCTS, CORP

STATE INDUSTRIAL PRODUCTS, CORPEIN 34-0552740Plan #003PY 2020

5915 LANDERBROOK DR, SUITE 300 - MAYFIELD HTS, OH 44124440-565-5555stateindustrial.comLinkedIn501-1000 employeeschemicals

Other plans on this EIN

2 filings

#001Retirement-$77.6M assets #002Retirement--

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$680K

+30.9% from 2019

Total participants

0.0% from 2019

Average account balance

$18,387

+30.9% from 2019

Annual return

22.14%

+2.97 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.03M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

218.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+15.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 codes2E2S2G2F2T3C

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$12K

$685 / participant

Other / not subdivided$12K100.0%

% of EOY assets

1.813%

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

$18,387

$118,708-84.5%

$98,920-81.4%

$158,982-88.4%

Participation rate

100.0%

77.8%+22.2pp

76.0%+24.0pp

82.0%+18.0pp

Annual return

22.14%

372.49%-350.3pp

196.47%-174.3pp

302.99%-280.8pp

Employer contribution / active EE

$862

$3,334-74.1%

$2,689-67.9%

$4,763-81.9%

Participant deferral / active EE

$2,311

$5,089-54.6%

$4,245-45.5%

$5,983-61.4%

Admin fee / account holder

$333

$10,134-96.7%

$6,643-95.0%

$11,252-97.0%

STATE CHEMICAL SALES COMPRANY INTERNATIONAL PR SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATE CHEMICAL SALES COMPRANY INTERNATIONAL PR 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