Retirement plan

OLYMPIC STEEL, INC. UNION EMPLOYEES 401(K) RETIREMENT PLAN

Name: OLYMPIC STEEL MINNEAPOLIS, INC. - OLYMPIC STEEL, INC. UNION EMPLOYEES 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: OLYMPIC STEEL MINNEAPOLIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLYMPIC STEEL, INC. UNION EMPLOYEES 401(K) RETIREMENT PLAN, OLYMPIC STEEL MINNEAPOLIS, INC.

OLYMPIC STEEL MINNEAPOLIS, INC.EIN 41-1842186Plan #004PY 2017

22901 MILLCREEK BOULEVARD, SUITE 650 - HIGHLAND HILLS, OH 44122216-292-3800

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.7M

+13.4% from 2016

Total participants

100

0.0% from 2016

Average account balance

$116,582

+25.5% from 2016

Annual return

18.71%

+19.63 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.25M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35433

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

Top 3 by compensation

Provider	Service type	Compensation
NOBLE-DAVIS CONSULTING, INC.3+ years Filed as: NOBLE - DAVIS CONSULTING, INC. Service code 13 · EIN 34-1723189 6190 COCHRAN RD · SOLON, OH 44139	Contract Administrator	$8,056
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 28 · EIN 26-0058143 1208 SIX FORKS RD., SUITE 1700 · RALEIGH, NC 27609	Investment Management	$6,685
BAIRD FUNDS3+ years Filed as: ROBERT W. BAIRD & CO. Service code 33 · EIN 39-6037917 200 PUBLIC SQUARE, SUITE 1600 · CLEVELAND, OH 44114	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$19K

$208 / participant

Investment mgmt$9K47.5%
Contract admin$8K43.7%
Other / not subdivided$2K8.8%

% of EOY assets

0.251%

all-in expense ratio

Categories reported

2 / 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: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,582

$67,602+72.5%

$82,312+41.6%

$70,126+66.2%

Participation rate

63.4%

72.8%-9.3pp

76.9%-13.5pp

69.5%-6.1pp

Annual return

18.71%

21.57%-2.9pp

25.88%-7.2pp

73.15%-54.4pp

Employer contribution / active EE

$695

$1,755-60.4%

$2,428-71.4%

$2,343-70.3%

Participant deferral / active EE

$1,683

$2,987-43.7%

$3,706-54.6%

$3,332-49.5%

Admin fee / account holder

$293

$4,512-93.5%

$5,608-94.8%

$4,645-93.7%

Provider

Service type

Compensation

NOBLE-DAVIS CONSULTING, INC.3+ years

Filed as: NOBLE - DAVIS CONSULTING, INC.

Service code 13 · EIN 34-1723189

6190 COCHRAN RD · SOLON, OH 44139

Contract Administrator

$8,056

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 28 · EIN 26-0058143

1208 SIX FORKS RD., SUITE 1700 · RALEIGH, NC 27609

Investment Management

$6,685

BAIRD FUNDS3+ years

Filed as: ROBERT W. BAIRD & CO.

Service code 33 · EIN 39-6037917

200 PUBLIC SQUARE, SUITE 1600 · CLEVELAND, OH 44114

Securities brokerage commissions and ...

OLYMPIC STEEL, INC. UNION EMPLOYEES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLYMPIC STEEL, INC. UNION EMPLOYEES 401(K) RETIREMENT 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