Retirement plan

STURGEON BAY METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: STURGEON BAY METAL PRODUCTS, INC - STURGEON BAY METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST (2022) 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. 401(K) PROFIT SHARING PLAN & TRUST, STURGEON BAY METAL PRODUCTS, INC

STURGEON BAY METAL PRODUCTS, INCEIN 39-0885600Plan #002PY 2022

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

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.1M

-37.9% from 2021

Total participants

0.0% from 2021

Average account balance

$103,007

-37.9% from 2021

Annual return

-13.43%

-78.03 pp from 2021

Benchmarks

See 22,362 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,362 peers

Snapshot2022

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 codes2E2F2G2J3D2T

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$476K

$43291 / participant

Other / not subdivided$476K100.0%

% of EOY assets

42.027%

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

$103,007

$100,811+2.2%

$86,698+18.8%

$134,545-23.4%

Participation rate

90.9%

79.0%+12.0pp

76.6%+14.3pp

81.2%+9.7pp

Annual return

-13.43%

29.11%-42.5pp

35.96%-49.4pp

418.37%-431.8pp

Employer contribution / active EE

$646

$3,490-81.5%

$2,837-77.2%

$4,742-86.4%

Participant deferral / active EE

$1,734

$5,339-67.5%

$4,656-62.8%

$6,401-72.9%

Admin fee / account holder

$43,291

$10,926+296.2%

$7,492+477.8%

$11,431+278.7%

STURGEON BAY METAL PRODUCTS, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STURGEON BAY METAL PRODUCTS, 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