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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$7.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11M

+26.3% from 2022

Total participants

+13.8% from 2022

Average account balance

$166,162

+11.0% from 2022

Annual return

15.94%

+33.29 pp from 2022

Benchmarks

See 2,313 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,313 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.60M

Not enough data

1 years with asset history on file

Average account balance

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

$284K

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.

112.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+16.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8159

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 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

$80K

$1606 / participant

Other / not subdivided$80K100.0%

% of EOY assets

0.732%

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

$166,162

$57,541+188.8%

$95,740+73.6%

$75,173+121.0%

Participation rate

100.0%

62.5%+37.5pp

72.3%+27.7pp

67.2%+32.8pp

Annual return

15.94%

34.93%-19.0pp

28.41%-12.5pp

160.72%-144.8pp

Employer contribution / active EE

$12,172

$1,808+573.3%

$2,836+329.2%

$2,671+355.7%

Participant deferral / active EE

$6,409

$3,074+108.5%

$4,244+51.0%

$4,126+55.3%

Admin fee / account holder

$1,217

$4,099-70.3%

$5,676-78.6%

$5,651-78.5%

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