Retirement plan

STEEL SERVICES, INC. - THOMAS RUSSELL AND COMPANY, INC. EMPLOYEE BENEFIT PLAN AND TRUST

Name: STEEL SERVICES, INC. - STEEL SERVICES, INC. - THOMAS RUSSELL AND COMPANY, INC. EMPLOYEE BENEFIT PLAN AND TRUST (2017) Form 5500
Creator: STEEL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEEL SERVICES, INC. - THOMAS RUSSELL AND COMPANY, INC. EMPLOYEE BENEFIT PLAN AND TRUST, STEEL SERVICES, INC.

STEEL SERVICES, INC.EIN 54-0462975Plan #002PY 2017

9800 MAYLAND DRIVE - RICHMOND, VA 23233804-673-3810steelservicesinc.comLinkedIn51-200 employeesbuilding materials

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.2M

+5.8% from 2016

Total participants

-6.9% from 2016

Average account balance

$55,387

+12.7% from 2016

Annual return

15.55%

+10.93 pp from 2016

Benchmarks

See 9,328 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,328 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$5.90M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

103

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.

141.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$272K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9843

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 1 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.3+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308	Bank Trustee	$14,529

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$191 / participant

Contract admin$15K100.0%

% of EOY assets

0.282%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KEITER, STEPHEN, HURST GARY ET AL.
Auditor EIN: 541631262
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,387

$78,705-29.6%

$117,854-53.0%

$70,131-21.0%

Participation rate

97.4%

73.2%+24.2pp

79.7%+17.7pp

69.5%+27.8pp

Annual return

15.55%

23.30%-7.7pp

335.08%-319.5pp

73.14%-57.6pp

Employer contribution / active EE

$867

$2,223-61.0%

$3,786-77.1%

$2,342-63.0%

Participant deferral / active EE

$2,207

$3,297-33.1%

$4,482-50.8%

$3,332-33.8%

Admin fee / account holder

$156

$5,065-96.9%

$8,020-98.1%

$4,645-96.6%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.3+ years

Service code 21

303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308

Bank Trustee

$14,529

STEEL SERVICES, INC. - THOMAS RUSSELL AND COMPANY, INC. EMPLOYEE BENEFIT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEEL SERVICES, INC. - THOMAS RUSSELL AND COMPANY, INC. EMPLOYEE BENEFIT PLAN AND TRUST

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