Retirement plan

IBEW LU2221 EMPLOYEE RETIREMENT PLAN

Name: NORTHERN STAR INDUSTRIES, INC. - IBEW LU2221 EMPLOYEE RETIREMENT PLAN (2020) Form 5500
Creator: NORTHERN STAR INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IBEW LU2221 EMPLOYEE RETIREMENT PLAN, NORTHERN STAR INDUSTRIES, INC.

NORTHERN STAR INDUSTRIES, INC.EIN 38-1683485Plan #005PY 2020

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

Other plans on this EIN

1 filing

#001Retirement-$36.6M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$14.3M

+11.6% from 2019

Total participants

544

+11.2% from 2019

Average account balance

$27,157

+1.8% from 2019

Annual return

15.07%

-9.10 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.93M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

406

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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 3 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC5 years Filed as: SAGEVIEW ADVISORY GROUP Service code 26 · EIN 33-0818667 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Participants)	$18,389
FLEURY, SINGLER & COMPANY1 year Filed as: FLEURY SINGLER & CO PC Service code 10 · EIN 38-2180715 301 SOUTH STEPHENSON AVE · IRON MOUNTAIN, MI 49801	Accounting	$13,850
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$4,816

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$97K

$208 / participant

Investment mgmt$18K18.9%
Contract admin$64K66.2%
Other / not subdivided$14K14.8%

% of EOY assets

0.681%

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 & CO P.C.
Auditor EIN: 382180715
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,157

$79,519-65.8%

$95,964-71.7%

$73,412-63.0%

Participation rate

95.9%

81.2%+14.7pp

77.1%+18.8pp

72.2%+23.7pp

Annual return

15.07%

19.20%-4.1pp

91.64%-76.6pp

59.30%-44.2pp

Employer contribution / active EE

$1,230

$2,048-39.9%

$2,541-51.6%

$2,234-44.9%

Participant deferral / active EE

$2,048

$4,138-50.5%

$4,167-50.9%

$3,806-46.2%

Admin fee / account holder

$185

$184+0.3%

$6,797-97.3%

$158+17.1%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC5 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 26 · EIN 33-0818667

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Participants)

$18,389

FLEURY, SINGLER & COMPANY1 year

Filed as: FLEURY SINGLER & CO PC

Service code 10 · EIN 38-2180715

301 SOUTH STEPHENSON AVE · IRON MOUNTAIN, MI 49801

Accounting

$13,850

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$4,816

IBEW LU2221 EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IBEW LU2221 EMPLOYEE RETIREMENT 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