Retirement plan

OLYMPIC STEEL, INC. EMPLOYEES 401(K) RETIREMENT PLAN

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

OLYMPIC STEEL, INC.EIN 34-1245650Plan #003PY 2022

22901 MILLCREEK BOULEVARD, STE 650 - HIGHLAND HILLS, OH 44122216-292-3800olysteel.comLinkedIn1001-5000 employeesmining & metals

Other plans on this EIN

1 filing

#005Retirement-$1.5M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 30, 2011 (most recent of 3 filings on file)

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$74.1M

-22.9% from 2021

Total participants

1,455

+10.1% from 2021

Average account balance

$59,825

-25.3% from 2021

Annual return

-15.88%

-34.54 pp from 2021

Benchmarks

See 812 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort812 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$95.63M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

1,327

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC6 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143 4208 SIX FORKS RD., SUITE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$90,696
DEFINITI LLC1 year Filed as: DEFINITI Service code 14 2201 TIMBERLOCH PL - SUITE 150 · THE WOODLANDS, TX 77380	Plan Administrator	$73,853
BOBER MARKEY FEDOROVICH & COMPANY1 year Service code 10 · EIN 34-1523030 3421 RIDGEWOOD ROAD, SUITE 300 · AKRON, OH 443333119	Accounting	$15,000
MID ATLANTIC CAPITAL CORPORATION8+ years Filed as: MID ATLANTIC TRUST COMPANY Service code 19 · EIN 26-0010549 1251 WATERFRONT PLACE · PITTSBURGH, PA 15222	Securities Custodian	$0
NOBLE-DAVIS CONSULTING, INC.8+ years Service code 13 · EIN 34-1723189 6190COCHRAN RD · SOLON, OH 44139	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$254K

$210 / participant

Investment mgmt$91K35.7%
Contract admin$148K58.4%
Other / not subdivided$15K5.9%

% of EOY assets

0.343%

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: BOBER, MARKEY, FEDOROVICH & COMPANY
Auditor EIN: 341523030
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,825

$130,141-54.0%

$86,677-31.0%

$77,904-23.2%

Participation rate

82.1%

85.9%-3.8pp

76.6%+5.6pp

73.7%+8.5pp

Annual return

-15.88%

-12.75%-3.1pp

35.91%-51.8pp

12.21%-28.1pp

Employer contribution / active EE

$1,292

$3,220-59.9%

$2,836-54.4%

$2,848-54.6%

Participant deferral / active EE

$3,847

$5,757-33.2%

$4,656-17.4%

$4,806-19.9%

Admin fee / account holder

$205

$132+55.5%

$7,493-97.3%

$133+54.6%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC6 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

4208 SIX FORKS RD., SUITE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$90,696

DEFINITI LLC1 year

Filed as: DEFINITI

Service code 14

2201 TIMBERLOCH PL - SUITE 150 · THE WOODLANDS, TX 77380

Plan Administrator

$73,853

BOBER MARKEY FEDOROVICH & COMPANY1 year

Service code 10 · EIN 34-1523030

3421 RIDGEWOOD ROAD, SUITE 300 · AKRON, OH 443333119

Accounting

$15,000

MID ATLANTIC CAPITAL CORPORATION8+ years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 19 · EIN 26-0010549

1251 WATERFRONT PLACE · PITTSBURGH, PA 15222

Securities Custodian

NOBLE-DAVIS CONSULTING, INC.8+ years

Service code 13 · EIN 34-1723189

6190COCHRAN RD · SOLON, OH 44139

Contract Administrator

OLYMPIC STEEL, INC. EMPLOYEES 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLYMPIC STEEL, INC. EMPLOYEES 401(K) RETIREMENT 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