Retirement plan

SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Name: SANTMYER COMPANIES, INC. - SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SANTMYER COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING PLAN, SANTMYER COMPANIES, INC.

SANTMYER COMPANIES, INC.EIN 34-1403337Plan #001PY 2024

3000 OLD AIRPORT ROAD - WOOSTER, OH 44691330-262-6502santmyer.comLinkedIn51-200 employeesoil & energy

Prospect flagsHigh feesHigh cashLow participation

How to read this page

Total assets (EOY)

$5.8M

-4.7% from 2023

Total participants

131

-13.2% from 2023

Average account balance

$62,401

+16.8% from 2023

Annual return

14.83%

-0.41 pp from 2023

Benchmarks

See 2,345 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,345 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.80M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$584K

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$593

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
MEYERS BROTHERS KALICKA, PC7 years Filed as: MEYERS WEALTH MANAGEMENT Service code 26 · EIN 82-2373663 4100 HORIZIONS DRIVE, STE 101 · COLUMBUS, OH 43220	Advisory (Participants)	$29,459
NORTH AMERICAN KTRADE ALLIANCE, LLC7 years Service code 15 · EIN 32-0169227 1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563	Recordkeeping	$15,417
LATITUDE SERVICE COMPANY INC4 years Filed as: LATITUDE SERVICE COMPANY, INC Service code 49 · EIN 82-1371994 1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563	Other Services	$10,240

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$55K

$530 / participant

Contract admin$55K100.0%

% of EOY assets

0.950%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHEN & COMPANY, LTD.
Auditor EIN: 365132517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,401

$88,186-29.2%

$165,071-62.2%

$74,459-16.2%

Participation rate

63.5%

73.1%-9.7pp

78.6%-15.2pp

67.2%-3.8pp

Annual return

14.83%

17.13%-2.3pp

70.17%-55.3pp

1369.70%-1354.9pp

Employer contribution / active EE

$1,942

$2,600-25.3%

$4,347-55.3%

$2,626-26.1%

Participant deferral / active EE

$3,671

$4,505-18.5%

$6,035-39.2%

$4,350-15.6%

Admin fee / account holder

$593

$2,234-73.5%

$12,695-95.3%

$1,945-69.5%

Provider

Service type

Compensation

MEYERS BROTHERS KALICKA, PC7 years

Filed as: MEYERS WEALTH MANAGEMENT

Service code 26 · EIN 82-2373663

4100 HORIZIONS DRIVE, STE 101 · COLUMBUS, OH 43220

Advisory (Participants)

$29,459

NORTH AMERICAN KTRADE ALLIANCE, LLC7 years

Service code 15 · EIN 32-0169227

1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563

Recordkeeping

$15,417

LATITUDE SERVICE COMPANY INC4 years

Filed as: LATITUDE SERVICE COMPANY, INC

Service code 49 · EIN 82-1371994

1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563

Other Services

$10,240

SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANTMYER COMPANIES, INC. 401(K) PROFIT SHARING 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