Retirement plan

NORTHERN STAR INDUSTRIES, INC. 401K PROFIT SHARING PLAN

Name: NORTHERN STAR INDUSTRIES, INC. - NORTHERN STAR INDUSTRIES, INC. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: NORTHERN STAR INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN STAR INDUSTRIES, INC. 401K PROFIT SHARING PLAN, NORTHERN STAR INDUSTRIES, INC.

NORTHERN STAR INDUSTRIES, INC.EIN 38-1683485Plan #001PY 2020

PO BOX 808 - IRON MOUNTAIN, MI 49801906-776-3499northernstarind.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#005Retirement-$14.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36.6M

+22.5% from 2019

Total participants

322

+13.8% from 2019

Average account balance

$113,696

+7.6% from 2019

Annual return

19.58%

+0.06 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$910K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
SAGEVIEW ADVISORY GROUP, LLC5 years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667	Advisory (Participants)	$45,407
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$572

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

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

$112K

$390 / participant

Investment mgmt$45K40.6%
Contract admin$67K59.4%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FLEURY, SINGLER & COMPANY, P.C.
Auditor EIN: 382180715
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,696

$91,517+24.2%

$101,271+12.3%

$73,412+54.9%

Participation rate

100.0%

73.8%+26.2pp

75.8%+24.2pp

72.2%+27.8pp

Annual return

19.58%

17.17%+2.4pp

46.48%-26.9pp

59.30%-39.7pp

Employer contribution / active EE

$6,511

$2,877+126.4%

$3,660+77.9%

$2,234+191.5%

Participant deferral / active EE

$5,061

$3,338+51.6%

$4,371+15.8%

$3,806+33.0%

Admin fee / account holder

$348

$216+61.1%

$5,948-94.2%

$158+120.2%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC5 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

Advisory (Participants)

$45,407

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$572

NORTHERN STAR INDUSTRIES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN STAR INDUSTRIES, INC. 401K 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