Retirement plan

THE SALARY THRIFT SAVINGS PLAN FOR EMPLOYEES OF LAPHAM-HICKEY STEEL CORP

Name: LAPHAM-HICKEY STEEL CORP. - THE SALARY THRIFT SAVINGS PLAN FOR EMPLOYEES OF LAPHAM-HICKEY STEEL CORP (2020) Form 5500
Creator: LAPHAM-HICKEY STEEL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SALARY THRIFT SAVINGS PLAN FOR EMPLOYEES OF LAPHAM-HICKEY STEEL CORP, LAPHAM-HICKEY STEEL CORP.

LAPHAM-HICKEY STEEL CORP.EIN 36-2338813Plan #003PY 2020

5500 WEST 73RD STREET - BEDFORD PARK, IL 606386506708-496-6111lapham-hickey.comLinkedIn501-1000 employeesmachinery

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$48.2M

+8.4% from 2019

Total participants

713

-8.4% from 2019

Average account balance

$84,154

+16.5% from 2019

Annual return

12.45%

-13.61 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.34M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

545

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850	Recordkeeping	$63,312
THE BANK OF NEW YORK MELLON6+ years Filed as: BANK OF AMERICA CORPORATION Service code 52 · EIN 94-1687665	Indirect Investment Fees	$23,396
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 55 · EIN 13-5674085	Other Commissions	$21,715
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL RETIREMENT SERVICES LLC Service code 15	Recordkeeping	$14,822
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$14,125
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$400
RELIANCE TRUST COMPANY6+ years Service code 19 · EIN 58-1428634	Securities Custodian	$325

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$133K

$224 / participant

Investment mgmt$22K16.3%
Other / not subdivided$112K83.7%

% of EOY assets

0.276%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,154

$78,419+7.3%

$133,978-37.2%

$73,412+14.6%

Participation rate

76.4%

78.6%-2.2pp

79.8%-3.4pp

72.2%+4.3pp

Annual return

12.45%

33.35%-20.9pp

45.10%-32.6pp

59.30%-46.8pp

Employer contribution / active EE

$1,463

$2,044-28.4%

$3,919-62.7%

$2,234-34.5%

Participant deferral / active EE

$2,769

$3,925-29.5%

$5,047-45.1%

$3,806-27.2%

Admin fee / account holder

$233

$161+44.2%

$8,930-97.4%

$158+47.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL LIFE INSURANCE CO

Service code 15 · EIN 04-1590850

Recordkeeping

$63,312

THE BANK OF NEW YORK MELLON6+ years

Filed as: BANK OF AMERICA CORPORATION

Service code 52 · EIN 94-1687665

Indirect Investment Fees

$23,396

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 55 · EIN 13-5674085

Other Commissions

$21,715

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL RETIREMENT SERVICES LLC

Service code 15

Recordkeeping

$14,822

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$14,125

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$400

RELIANCE TRUST COMPANY6+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$325

THE SALARY THRIFT SAVINGS PLAN FOR EMPLOYEES OF LAPHAM-HICKEY STEEL CORP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SALARY THRIFT SAVINGS PLAN FOR EMPLOYEES OF LAPHAM-HICKEY STEEL CORP

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