Retirement plan

BUILDERS STEEL COMPANY PROFIT SHARING PLAN

Name: BUILDERS STEEL COMPANY - BUILDERS STEEL COMPANY PROFIT SHARING PLAN (2024) Form 5500
Creator: BUILDERS STEEL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUILDERS STEEL COMPANY PROFIT SHARING PLAN, BUILDERS STEEL COMPANY

BUILDERS STEEL COMPANYEIN 44-0185870Plan #001PY 2024

601 EAST 12TH AVE., P.O. BOX 12538 - NORTH KANSAS CITY, MO 64116816-471-1626builders-steel.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

2 filings

#002Retirement-$2.4M assets #003Retirement-$670K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+20.8% from 2023

Total participants

+18.8% from 2023

Average account balance

$83,682

-14.7% from 2023

Annual return

10.84%

-0.24 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

154.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$266K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8967

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 codes2E3D2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$152K

$13858 / participant

Other / not subdivided$152K100.0%

% of EOY assets

10.716%

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

$83,682

$117,829-29.0%

$102,423-18.3%

$145,877-42.6%

Participation rate

81.8%

78.6%+3.2pp

76.5%+5.3pp

80.3%+1.5pp

Annual return

10.84%

31.83%-21.0pp

29.42%-18.6pp

551.28%-540.4pp

Employer contribution / active EE

$16,998

$3,615+370.3%

$3,023+462.3%

$4,663+264.5%

Participant deferral / active EE

$7,202

$5,732+25.6%

$5,054+42.5%

$6,691+7.6%

Admin fee / account holder

$8,967

$13,335-32.8%

$9,455-5.2%

$13,402-33.1%

BUILDERS STEEL COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUILDERS STEEL COMPANY PROFIT SHARING 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