Retirement plan

STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN

Name: STEWART MANUFACTURING, LLC - STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: STEWART MANUFACTURING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN, STEWART MANUFACTURING, LLC

STEWART MANUFACTURING, LLCEIN 47-0893741Plan #001PY 2019

N 16415 EARL DRIVE, PO BOX 219 - HERMANSVILLE, MI 49847906-497-5221stewart-mfg.comLinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.6M

+24.1% from 2018

Total participants

130

-14.5% from 2018

Average account balance

$41,420

+43.0% from 2018

Annual return

21.17%

+28.73 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.89M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
SECURITY NATIONAL BANK5+ years Service code 15 · EIN 42-0943319	Recordkeeping	$22,826
FIRST BANK & TRUST5+ years Filed as: FIRST BANK UPPER MICHIGAN Service code 21 2800 LUDINGTON ST · ESCANABA, MI 49829	Bank Trustee	$10,434
ANDERSON, TACKMAN & COMPANY, PLC1 year Filed as: ANDERSON TACKMAN Service code 10 · EIN 38-1977929	Accounting	$9,000
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCWHAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$1,135
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

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

$43K

$398 / participant

Investment mgmt$43K100.0%

% of EOY assets

0.935%

all-in expense ratio

Categories reported

1 / 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: ANDERSON, TACKMAN & COMPANY, P.L.C.
Auditor EIN: 381977929
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,420

$65,376-36.6%

$87,104-52.4%

$65,185-36.5%

Participation rate

83.5%

75.3%+8.2pp

76.9%+6.6pp

70.2%+13.3pp

Annual return

21.17%

31.27%-10.1pp

28.19%-7.0pp

29.38%-8.2pp

Employer contribution / active EE

$935

$1,822-48.7%

$2,521-62.9%

$2,177-57.1%

Participant deferral / active EE

$2,290

$3,388-32.4%

$4,048-43.4%

$3,514-34.8%

Admin fee / account holder

$387

$520-25.5%

$7,491-94.8%

$847-54.3%

Provider

Service type

Compensation

SECURITY NATIONAL BANK5+ years

Service code 15 · EIN 42-0943319

Recordkeeping

$22,826

FIRST BANK & TRUST5+ years

Filed as: FIRST BANK UPPER MICHIGAN

Service code 21

2800 LUDINGTON ST · ESCANABA, MI 49829

Bank Trustee

$10,434

ANDERSON, TACKMAN & COMPANY, PLC1 year

Filed as: ANDERSON TACKMAN

Service code 10 · EIN 38-1977929

Accounting

$9,000

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCWHAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$1,135

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEWART MANUFACTURING LLC 401(K) 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