Retirement plan

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Name: SOUTH SIDE MACHINE WORKS, INC. - SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K (2022) Form 5500
Creator: SOUTH SIDE MACHINE WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K, SOUTH SIDE MACHINE WORKS, INC.

SOUTH SIDE MACHINE WORKS, INC.EIN 43-0916558Plan #002PY 2022

3761 EILER, P.O. BOX 22199 - ST. LOUIS, MO 63116314-481-7171southsidemachine.netLinkedIn11-50 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$6.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-31.5% from 2021

Total participants

-5.9% from 2021

Average account balance

$144,788

-20.9% from 2021

Annual return

-28.83%

-42.18 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

$2.77M

Not enough data

1 years with asset history on file

Average account balance

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

$185K

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$231K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

$211K

$13195 / participant

Other / not subdivided$211K100.0%

% of EOY assets

11.216%

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

$144,788

$100,811+43.6%

$86,698+67.0%

$134,545+7.6%

Participation rate

81.3%

79.0%+2.3pp

76.6%+4.7pp

81.2%0pp

Annual return

-28.83%

29.11%-57.9pp

35.96%-64.8pp

418.37%-447.2pp

Employer contribution / active EE

$3,490-100.0%

$2,837-100.0%

$4,742-100.0%

Participant deferral / active EE

$8,679

$5,339+62.5%

$4,656+86.4%

$6,401+35.6%

Admin fee / account holder

$16,240

$10,926+48.6%

$7,492+116.8%

$11,431+42.1%

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

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