Retirement plan

STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN

Name: STEWART MANUFACTURING, LLC - STEWART MANUFACTURING LLC 401(K) PROFIT SHARING PLAN (2021) 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 2021

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)

$6M

+15.2% from 2020

Total participants

114

0.0% from 2020

Average account balance

$58,946

+16.3% from 2020

Annual return

11.61%

-2.39 pp from 2020

Benchmarks

See 14,568 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,568 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.83M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

125.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$355K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5551

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

Top 3 by compensation

Provider	Service type	Compensation
SECURITY NATIONAL BANK7+ years Service code 15 · EIN 42-0943319	Recordkeeping	$25,030
FIRST BANK & TRUST7+ years Filed as: FIRST BANK UPPER MICHIGAN Service code 21 2800 LUDINGTON ST · ESCANABA, MI 49829	Bank Trustee	$13,197
CHARLES SCHWAB & CO., INC.7+ 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

$40K

$446 / participant

Investment mgmt$40K100.0%

% of EOY assets

0.666%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,946

$86,294-31.7%

$111,303-47.0%

$85,856-31.3%

Participation rate

85.4%

73.3%+12.1pp

77.3%+8.1pp

69.3%+16.1pp

Annual return

11.61%

19.99%-8.4pp

54.66%-43.1pp

318.58%-307.0pp

Employer contribution / active EE

$1,147

$2,043-43.9%

$2,731-58.0%

$2,565-55.3%

Participant deferral / active EE

$2,990

$3,641-17.9%

$4,487-33.4%

$3,952-24.3%

Admin fee / account holder

$393

$8,189-95.2%

$7,966-95.1%

$6,261-93.7%

Provider

Service type

Compensation

SECURITY NATIONAL BANK7+ years

Service code 15 · EIN 42-0943319

Recordkeeping

$25,030

FIRST BANK & TRUST7+ years

Filed as: FIRST BANK UPPER MICHIGAN

Service code 21

2800 LUDINGTON ST · ESCANABA, MI 49829

Bank Trustee

$13,197

CHARLES SCHWAB & CO., INC.7+ 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