Retirement plan

STURGEON BAY METAL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST

Name: STURGEON BAY METAL PRODUCTS, INC. - STURGEON BAY METAL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: STURGEON BAY METAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STURGEON BAY METAL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST, STURGEON BAY METAL PRODUCTS, INC.

STURGEON BAY METAL PRODUCTS, INC.EIN 39-0885600Plan #002PY 2021

1018 GREEN BAY ROAD - STURGEON BAY, WI 542353815920-743-2221sturgeonbaymetalproducts.comLinkedIn11-50 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+23.2% from 2020

Total participants

-7.7% from 2020

Average account balance

$165,825

+45.6% from 2020

Annual return

64.59%

+57.21 pp from 2020

Benchmarks

See 21,784 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,784 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30K

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

+20.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2709

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 codes2E2F2G2J3D

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.
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

$659K

$65934 / participant

Other / not subdivided$659K100.0%

% of EOY assets

36.146%

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

$165,825

$124,346+33.4%

$111,306+49.0%

$167,553-1.0%

Participation rate

90.0%

79.6%+10.4pp

77.3%+12.7pp

82.1%+7.9pp

Annual return

64.59%

37.46%+27.1pp

54.67%+9.9pp

478.89%-414.3pp

Employer contribution / active EE

$3,438-100.0%

$2,732-100.0%

$4,840-100.0%

Participant deferral / active EE

$3,902

$5,182-24.7%

$4,488-13.1%

$6,343-38.5%

Admin fee / account holder

$59,940

$10,623+464.2%

$7,966+652.5%

$12,316+386.7%

STURGEON BAY METAL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STURGEON BAY METAL PRODUCTS, INC. 401K 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