Retirement plan

UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: UNIVERSAL SCRAP METALS INC. - UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: UNIVERSAL SCRAP METALS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST, UNIVERSAL SCRAP METALS INC.

UNIVERSAL SCRAP METALS INC.EIN 36-3379546Plan #001PY 2018

2500 W. FULTON ST. - CHICAGO, IL 606122104312-666-0011

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$3.7M

+36.1% from 2017

Total participants

184

+23.5% from 2017

Average account balance

$51,819

-17.5% from 2017

Annual return

20.26%

+4.56 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.69M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

43.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+9.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12164

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

Top 2 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING, INC. Service code 26 5440 WEST 110TH STREET · OVERLAND PARK, KS 66211	Advisory (Participants)	$12,958
EPIC RETIREMENT PLAN SERVICES1 year Filed as: TPP RETIREMENT PLAN SPECIALISTS Service code 15 7300 COLLEGE BLVD · OVERLAND PARK, KS 66210	Recordkeeping	$5,483

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$19K

$105 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.509%

all-in expense ratio

Categories reported

0 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,819

$59,191-12.5%

$76,767-32.5%

$56,289-7.9%

Participation rate

36.9%

75.2%-38.3pp

77.0%-40.1pp

69.9%-33.0pp

Annual return

20.26%

6.62%+13.6pp

2.43%+17.8pp

-9.96%+30.2pp

Employer contribution / active EE

$1,295

$1,759-26.4%

$2,485-47.9%

$2,111-38.7%

Participant deferral / active EE

$2,402

$3,255-26.2%

$3,852-37.6%

$3,350-28.3%

Admin fee / account holder

$264

$489-46.1%

$6,675-96.0%

$521-49.4%

Provider

Service type

Compensation

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING, INC.

Service code 26

5440 WEST 110TH STREET · OVERLAND PARK, KS 66211

Advisory (Participants)

$12,958

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: TPP RETIREMENT PLAN SPECIALISTS

Service code 15

7300 COLLEGE BLVD · OVERLAND PARK, KS 66210

Recordkeeping

$5,483

UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSAL SCRAP METALS INC. 401(K) PROFIT SHARING PLAN & TRUST

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