Retirement plan

EATON STEEL TAYLOR UNION 401(K) PROFIT SHARING PLAN AND TRUST

Name: EATON STEEL CORPORATION - EATON STEEL TAYLOR UNION 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: EATON STEEL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EATON STEEL TAYLOR UNION 401(K) PROFIT SHARING PLAN AND TRUST, EATON STEEL CORPORATION

EATON STEEL CORPORATIONEIN 38-1745066Plan #005PY 2021

10221 CAPITAL STREET - OAK PARK, MI 48237248-398-3434eatonsteel.comLinkedIn201-500 employeesmining & metals

Other plans on this EIN

1 filing

#003Retirement-$826K assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$616K

+20.7% from 2020

Total participants

102

+39.7% from 2020

Average account balance

$6,412

-14.5% from 2020

Annual return

11.21%

+3.34 pp from 2020

Benchmarks

See 14,567 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,567 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$735K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$744

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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$18K

$452 / participant

Other / not subdivided$18K100.0%

% of EOY assets

2.936%

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

$6,412

$86,298-92.6%

$111,308-94.2%

$85,847-92.5%

Participation rate

85.0%

73.3%+11.7pp

77.3%+7.7pp

69.3%+15.7pp

Annual return

11.21%

19.99%-8.8pp

54.67%-43.5pp

318.61%-307.4pp

Employer contribution / active EE

$1,348

$2,044-34.0%

$2,732-50.6%

$2,565-47.4%

Participant deferral / active EE

$282

$3,641-92.3%

$4,487-93.7%

$3,952-92.9%

Admin fee / account holder

$188

$8,189-97.7%

$7,965-97.6%

$6,261-97.0%

EATON STEEL TAYLOR UNION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EATON STEEL TAYLOR UNION 401(K) PROFIT SHARING PLAN AND 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