Retirement plan

SCHIELE GROUP GCC/IBT LOCAL 458 UNION 401(K) PLAN

Name: SCHIELE GROUP - SCHIELE GROUP GCC/IBT LOCAL 458 UNION 401(K) PLAN (2022) Form 5500
Creator: SCHIELE GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHIELE GROUP GCC/IBT LOCAL 458 UNION 401(K) PLAN, SCHIELE GROUP

SCHIELE GROUPEIN 36-2430120Plan #003PY 2022

1880 BUSSE RD - ELK GROVE VILLAGE, IL 60007314-962-6780theschielegroup.comLinkedIn51-200 employeesprinting

Other plans on this EIN

2 filings

#002Retirement-$9.8M assets #001Retirement-$75K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.6M

-18.3% from 2021

Total participants

+8.5% from 2021

Average account balance

$45,931

-15.4% from 2021

Annual return

-11.28%

-23.51 pp from 2021

Benchmarks

See 5,556 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,556 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.78M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

135.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7651

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 codes2E2F2G2J2T3D3H

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$408K

$10464 / participant

Other / not subdivided$408K100.0%

% of EOY assets

15.587%

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

$45,931

$73,009-37.1%

$90,760-49.4%

$68,486-32.9%

Participation rate

82.1%

70.8%+11.2pp

75.7%+6.4pp

67.9%+14.2pp

Annual return

-11.28%

-13.81%+2.5pp

-12.16%+0.9pp

-7.85%-3.4pp

Employer contribution / active EE

$158

$2,193-92.8%

$2,922-94.6%

$2,597-93.9%

Participant deferral / active EE

$4,254

$3,626+17.3%

$4,565-6.8%

$4,028+5.6%

Admin fee / account holder

$7,159

$5,896+21.4%

$8,444-15.2%

$5,404+32.5%

SCHIELE GROUP GCC/IBT LOCAL 458 UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHIELE GROUP GCC/IBT LOCAL 458 UNION 401(K) 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