Retirement plan

SHOULDICE BROTHERS SHEET METAL WORKS, INC. SALARIED EMPLOYEES' 401(K) PROFIT SHARING PLAN

Name: SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS, INC. - SHOULDICE BROTHERS SHEET METAL WORKS, INC. SALARIED EMPLOYEES' 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHOULDICE BROTHERS SHEET METAL WORKS, INC. SALARIED EMPLOYEES' 401(K) PROFIT SHARING PLAN, SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS, INC.

SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS, INC.EIN 38-1030400Plan #002PY 2020

182 ELM STREET - BATTLE CREEK, MI 49014269-962-5579shouldicebrothers.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+0.4% from 2019

Total participants

+45.5% from 2019

Average account balance

$144,054

-26.4% from 2019

Annual return

14.29%

+18.22 pp from 2019

Benchmarks

See 21,449 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,449 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$272K

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$466K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+20.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$780

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 codes2E3D2J2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$588K

$39223 / participant

Other / not subdivided$588K100.0%

% of EOY assets

27.228%

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

$144,054

$112,121+28.5%

$95,960+50.1%

$158,966-9.4%

Participation rate

93.3%

79.0%+14.3pp

77.1%+16.3pp

82.0%+11.4pp

Annual return

14.29%

171.16%-156.9pp

91.63%-77.3pp

302.95%-288.7pp

Employer contribution / active EE

$12,666

$3,199+295.9%

$2,541+398.4%

$4,762+166.0%

Participant deferral / active EE

$6,616

$4,784+38.3%

$4,167+58.8%

$5,983+10.6%

Admin fee / account holder

$39,223

$10,135+287.0%

$6,797+477.1%

$11,250+248.6%

SHOULDICE BROTHERS SHEET METAL WORKS, INC. SALARIED EMPLOYEES' 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHOULDICE BROTHERS SHEET METAL WORKS, INC. SALARIED EMPLOYEES' 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