Retirement plan

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Name: SOUTH SIDE MACHINE WORKS, INC. - SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K (2023) 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 2023

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-$6.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+20.4% from 2022

Total participants

+6.3% from 2022

Average account balance

$174,354

+20.4% from 2022

Annual return

16.67%

+45.50 pp from 2022

Benchmarks

See 22,632 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,632 peers

Snapshot2023

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

1 tripped

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

$90K

$5294 / participant

Other / not subdivided$90K100.0%

% of EOY assets

3.971%

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

$174,354

$110,240+58.2%

$96,544+80.6%

$139,487+25.0%

Participation rate

76.5%

78.1%-1.7pp

76.0%+0.5pp

80.3%-3.9pp

Annual return

16.67%

26.41%-9.7pp

25.88%-9.2pp

373.84%-357.2pp

Employer contribution / active EE

$3,622-100.0%

$2,966-100.0%

$4,755-100.0%

Participant deferral / active EE

$9,444

$5,549+70.2%

$4,851+94.7%

$6,713+40.7%

Admin fee / account holder

$6,923

$11,602-40.3%

$8,254-16.1%

$11,407-39.3%

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