Retirement plan

STEINER TRACTOR PARTS INC 401 K PROFIT SHARING PLAN TRUST

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

STEINER TRACTOR PARTS INCEIN 38-3057969Plan #002PY 2018

1660 S. M-13 - LENNON, MI 48449810-621-3000steinertractor.comLinkedIn51-200 employeesretail

Other plans on this EIN

1 filing

#001Retirement-$6.1M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.5M

-3.5% from 2017

Total participants

+8.0% from 2017

Average account balance

$103,497

-7.2% from 2017

Annual return

-10.21%

-31.66 pp from 2017

Benchmarks

See 2,031 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,031 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.71M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

128.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$994K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10020

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 codes2T3D2G2E2J2F

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$293K

$5636 / participant

Other / not subdivided$293K100.0%

% of EOY assets

5.343%

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

$103,497

$53,596+93.1%

$90,657+14.2%

$64,173+61.3%

Participation rate

98.1%

64.5%+33.6pp

74.0%+24.1pp

69.6%+28.5pp

Annual return

-10.21%

4.41%-14.6pp

1.89%-12.1pp

7.63%-17.8pp

Employer contribution / active EE

$8,745

$1,503+481.9%

$2,532+245.4%

$2,381+267.3%

Participant deferral / active EE

$4,171

$2,459+69.7%

$3,424+21.8%

$3,470+20.2%

Admin fee / account holder

$5,530

$3,868+43.0%

$4,994+10.7%

$4,887+13.1%

STEINER TRACTOR PARTS INC 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEINER TRACTOR PARTS 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