Retirement plan

STERLING MAY EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN

Name: STERLING MAY EQUIPMENT COMPANY, INC. - STERLING MAY EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: STERLING MAY EQUIPMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STERLING MAY EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN, STERLING MAY EQUIPMENT COMPANY, INC.

STERLING MAY EQUIPMENT COMPANY, INC.EIN 47-1777767Plan #001PY 2024

209 W. MAIN STREET - WOODLAND, CA 95695530-662-6637sterlingmaycompany.comLinkedIn11-50 employeesretail

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$298K

+22.0% from 2023

Total participants

+7.7% from 2023

Average account balance

$24,837

+11.8% from 2023

Annual return

3.73%

-1.44 pp from 2023

Benchmarks

See 22,293 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,293 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$298K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+3.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$220 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.810%

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

$24,837

$111,830-77.8%

$93,696-73.5%

$145,884-83.0%

Participation rate

81.8%

74.2%+7.6pp

68.7%+13.1pp

80.3%+1.5pp

Annual return

3.73%

204.08%-200.3pp

133.74%-130.0pp

551.85%-548.1pp

Employer contribution / active EE

$1,653

$3,093-46.6%

$2,422-31.7%

$4,662-64.5%

Participant deferral / active EE

$2,403

$4,920-51.2%

$4,417-45.6%

$6,690-64.1%

Admin fee / account holder

$201

$10,249-98.0%

$8,287-97.6%

$13,392-98.5%

STERLING MAY EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STERLING MAY EQUIPMENT CO., INC. 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