Retirement plan

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Name: SOUTH SIDE MACHINE WORKS, INC. - SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K (2024) 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 2024

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-$6.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.8M

+22.4% from 2023

Total participants

+11.8% from 2023

Average account balance

$184,912

+6.1% from 2023

Annual return

12.17%

-4.51 pp from 2023

Benchmarks

See 23,106 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,106 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,912

$117,841+56.9%

$102,423+80.5%

$145,922+26.7%

Participation rate

78.9%

78.6%+0.4pp

76.5%+2.5pp

80.3%-1.3pp

Annual return

12.17%

31.65%-19.5pp

29.32%-17.2pp

561.29%-549.1pp

Employer contribution / active EE

$3,615-100.0%

$3,023-100.0%

$4,660-100.0%

Participant deferral / active EE

$12,176

$5,731+112.5%

$5,053+141.0%

$6,688+82.1%

Admin fee / account holder

$13,326-100.0%

$9,451-100.0%

$13,397-100.0%

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SOUTH SIDE MACHINE WORKS, INC. OFFICE 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion