Retirement plan

THE STEEL KING INDUSTRIES INC. EMPLOYEES SAVINGS PLAN

Name: STEEL KING INDUSTRIES, INC. - THE STEEL KING INDUSTRIES INC. EMPLOYEES SAVINGS PLAN (2017) Form 5500
Creator: STEEL KING INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE STEEL KING INDUSTRIES INC. EMPLOYEES SAVINGS PLAN, STEEL KING INDUSTRIES, INC.

STEEL KING INDUSTRIES, INC.EIN 39-1137786Plan #001PY 2017

2700 CHAMBER STREET - STEVENS POINT, WI 54481715-341-3120steelking.comLinkedIn501-1000 employeeslogistics and supply chain

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$20.1M

+21.4% from 2016

Total participants

524

+8.0% from 2016

Average account balance

$38,869

+11.3% from 2016

Annual return

21.48%

+14.72 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.31M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

561

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 64 · EIN 04-1590850	Recordkeeping Fees	$26,065
HAYS COMPANIES1 year Filed as: HAYS COMPANIES STEEL KING INDUSTRIE Service code 27	Advisory (Plan)	$20,746
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 1300 THAMES STREET WARF, 4TH FLOOR · BALTIMORE, MD 212319907	Advisory (Plan)	$7,800
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708	Recordkeeping Fees	$4,600
ALGER1 year Service code 52 · EIN 13-3733280	Indirect Investment Fees	$0
DOUBLELINE CAPITAL LP1 year Filed as: DOUBLELINE FUNDS Service code 52 · EIN 39-1982827	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
HAYS COMPANIES3+ years Service code 27 · EIN 41-1784898	Advisory (Plan)	$0
IVY FUNDS1 year Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$90 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.192%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,869

$69,305-43.9%

$82,312-52.8%

$69,631-44.2%

Participation rate

98.1%

80.3%+17.9pp

76.9%+21.2pp

70.7%+27.4pp

Annual return

21.48%

21.47%0pp

25.88%-4.4pp

27571.02%-27549.5pp

Employer contribution / active EE

$400

$1,887-78.8%

$2,428-83.5%

$2,032-80.3%

Participant deferral / active EE

$2,934

$3,568-17.8%

$3,706-20.8%

$3,224-9.0%

Admin fee / account holder

$75

$97-23.3%

$5,608-98.7%

$110-32.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$26,065

HAYS COMPANIES1 year

Filed as: HAYS COMPANIES STEEL KING INDUSTRIE

Service code 27

Advisory (Plan)

$20,746

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27

1300 THAMES STREET WARF, 4TH FLOOR · BALTIMORE, MD 212319907

Advisory (Plan)

$7,800

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$4,600

ALGER1 year

Service code 52 · EIN 13-3733280

Indirect Investment Fees

DOUBLELINE CAPITAL LP1 year

Filed as: DOUBLELINE FUNDS

Service code 52 · EIN 39-1982827

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

HAYS COMPANIES3+ years

Service code 27 · EIN 41-1784898

Advisory (Plan)

IVY FUNDS1 year

Service code 52 · EIN 04-6006759

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52

Indirect Investment Fees

THE STEEL KING INDUSTRIES INC. EMPLOYEES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE STEEL KING INDUSTRIES INC. EMPLOYEES SAVINGS PLAN

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