Retirement plan

HEIDTMAN STEEL PRODUCTS, INC. PROFIT SHARING AND SAVINGS PLAN

Name: HEIDTMAN STEEL PRODUCTS - HEIDTMAN STEEL PRODUCTS, INC. PROFIT SHARING AND SAVINGS PLAN (2016) Form 5500
Creator: HEIDTMAN STEEL PRODUCTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEIDTMAN STEEL PRODUCTS, INC. PROFIT SHARING AND SAVINGS PLAN, HEIDTMAN STEEL PRODUCTS

HEIDTMAN STEEL PRODUCTSEIN 34-0930923Plan #003PY 2016

2401 FRONT ST - TOLEDO, OH 436051145419-691-4646heidtman.comLinkedIn501-1000 employeesmining & metals

Other plans on this EIN

1 filing

#002Retirement-$71.8M assets

Prospect flagsLow returnsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$36M

No prior year

Total participants

1,529

No prior year

Average account balance

$25,376

No prior year

Annual return

1.13%

No prior year

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.61M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

936

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.12M

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

+2.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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 8 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Service code 55	Other Commissions	$57,931
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$16,041
DAVENPORT HANF & COMPANY LLC1+ years Filed as: DAVENPORT, HANF & COMPANY Service code 10 · EIN 41-2173670	Accounting	$11,000
APPLE GROWTH PARTNERS1+ years Service code 34 · EIN 34-1082617	Valuation (appraisals, etc.)	$5,625
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$132
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INV. MGMT., INC. Service code 49	Other Services	$18
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INVESTMENT MGMT. Service code 49 · EIN 36-3429599	Other Services	$0
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 · EIN 26-4310844	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2H2I2J2T3D3H3I2K

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.
2I
Stock bonus
Stock bonus plan.
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.
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.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

4 tripped

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

$33K

$37 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVENPORT, HANF & COMPANY LLC
Auditor EIN: 412173670
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,376

$63,905-60.3%

$74,184-65.8%

$57,658-56.0%

Participation rate

87.6%

79.8%+7.8pp

76.6%+11.0pp

70.2%+17.4pp

Annual return

1.13%

60.60%-59.5pp

17.74%-16.6pp

5.13%-4.0pp

Employer contribution / active EE

$476

$1,840-74.1%

$2,370-79.9%

$1,974-75.9%

Participant deferral / active EE

$1,698

$3,448-50.8%

$3,550-52.2%

$3,061-44.5%

Admin fee / account holder

$23

$91-74.7%

$5,586-99.6%

$95-75.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Service code 55

Other Commissions

$57,931

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$16,041

DAVENPORT HANF & COMPANY LLC1+ years

Filed as: DAVENPORT, HANF & COMPANY

Service code 10 · EIN 41-2173670

Accounting

$11,000

APPLE GROWTH PARTNERS1+ years

Service code 34 · EIN 34-1082617

Valuation (appraisals, etc.)

$5,625

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$132

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INV. MGMT., INC.

Service code 49

Other Services

$18

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT.

Service code 49 · EIN 36-3429599

Other Services

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55 · EIN 26-4310844

Other Commissions

HEIDTMAN STEEL PRODUCTS, INC. PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEIDTMAN STEEL PRODUCTS, INC. PROFIT SHARING AND 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