Retirement plan

ROBINSON METAL, INC. 401(K) PROFIT SHARING PLAN

Name: ROBINSON METAL, INC. - ROBINSON METAL, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ROBINSON METAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBINSON METAL, INC. 401(K) PROFIT SHARING PLAN, ROBINSON METAL, INC.

ROBINSON METAL, INC.EIN 39-1212475Plan #001PY 2020

1740 EISENHOWER DRIVE - DEPERE, WI 54115920-617-3330robinsoninc.comLinkedIn501-1000 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed July 18, 2023

Plan administrator

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1740 Eisenhower Road

De Pere, WI 54115

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Plans declared (1)

Stock Appreciation Rights Plan2 emp

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Total assets (EOY)

$24.9M

-6.3% from 2017

Total participants

515

-2.1% from 2017

Average account balance

$49,594

-5.7% from 2017

Annual return

2.04%

-12.83 pp from 2017

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.18M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

896

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.51M

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC5+ years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$137,896
AMERICAN UNITED LIFE INSURANCE CO5+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$75,133
HERMANS & ASSOCIATES, CPA'S, S.C.5+ years Filed as: HERMANS & ASSOCIATES, CPA, S.C Service code 10 · EIN 39-1421794	Accounting	$12,400
BMO HARRIS BANK NA5+ years Filed as: BMO HARRIS BANK, N.A Service code 19 · EIN 36-2085229	Securities Custodian	$0
BMO HARRIS BANK NA4 years Filed as: BMO HARRIS BANK, NA Service code 19	Securities Custodian	$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

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

$225K

$504 / participant

Investment mgmt$138K61.2%
Other / not subdivided$88K38.8%

% of EOY assets

0.905%

all-in expense ratio

Categories reported

1 / 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: HERMANS & ASSOCIATES, CPA. S.C
Auditor EIN: 391421794
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,594

$91,517-45.8%

$101,275-51.0%

$73,415-32.4%

Participation rate

97.1%

73.8%+23.3pp

75.8%+21.3pp

72.2%+24.9pp

Annual return

2.04%

17.17%-15.1pp

46.46%-44.4pp

59.30%-57.3pp

Employer contribution / active EE

$939

$2,877-67.4%

$3,660-74.4%

$2,234-58.0%

Participant deferral / active EE

$4,203

$3,338+25.9%

$4,370-3.8%

$3,806+10.4%

Admin fee / account holder

$449

$216+108.0%

$5,948-92.5%

$158+184.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC5+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$137,896

AMERICAN UNITED LIFE INSURANCE CO5+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$75,133

HERMANS & ASSOCIATES, CPA'S, S.C.5+ years

Filed as: HERMANS & ASSOCIATES, CPA, S.C

Service code 10 · EIN 39-1421794

Accounting

$12,400

BMO HARRIS BANK NA5+ years

Filed as: BMO HARRIS BANK, N.A

Service code 19 · EIN 36-2085229

Securities Custodian

BMO HARRIS BANK NA4 years

Filed as: BMO HARRIS BANK, NA

Service code 19

Securities Custodian

ROBINSON METAL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBINSON METAL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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