Retirement plan

PKM STEEL SERVICE, INC. PROFIT SHARING RETIREMENT/401K PLAN

Name: PKM STEEL SERVICE, INC. - PKM STEEL SERVICE, INC. PROFIT SHARING RETIREMENT/401K PLAN (2017) Form 5500
Creator: PKM STEEL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PKM STEEL SERVICE, INC. PROFIT SHARING RETIREMENT/401K PLAN, PKM STEEL SERVICE, INC.

PKM STEEL SERVICE, INC.EIN 48-1046132Plan #001PY 2017

P.O. BOX 947 - SALINA, KS 67402785-537-0366pkmsteel.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$6M

+15.4% from 2016

Total participants

144

-23.0% from 2016

Average account balance

$45,496

+27.7% from 2016

Annual return

19.34%

+12.02 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.47M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

108

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$388K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$25,816
KEATING & ASSOCIATES, INC.3+ years Service code 15 1011 POYNTZ AVENUE · MANHATTAN, KS 66502	Recordkeeping	$4,811

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$33 / participant

Contract admin$3K100.0%

% of EOY assets

0.042%

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: VARNEY & ASSOCIATES CPAS LLC
Auditor EIN: 300038643
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,496

$67,602-32.7%

$82,312-44.7%

$70,126-35.1%

Participation rate

84.4%

72.8%+11.6pp

76.9%+7.5pp

69.5%+14.9pp

Annual return

19.34%

21.57%-2.2pp

25.88%-6.5pp

73.15%-53.8pp

Employer contribution / active EE

$855

$1,755-51.3%

$2,428-64.8%

$2,343-63.5%

Participant deferral / active EE

$1,593

$2,987-46.7%

$3,706-57.0%

$3,332-52.2%

Admin fee / account holder

$19

$4,512-99.6%

$5,608-99.7%

$4,645-99.6%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$25,816

KEATING & ASSOCIATES, INC.3+ years

Service code 15

1011 POYNTZ AVENUE · MANHATTAN, KS 66502

Recordkeeping

$4,811

PKM STEEL SERVICE, INC. PROFIT SHARING RETIREMENT/401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PKM STEEL SERVICE, INC. PROFIT SHARING RETIREMENT/401K 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