Retirement plan

SISTERSVILLE TANK WORKS, INC. PROFIT SHARING PLAN

Name: SISTERSVILLE TANK WORKS, INC. - SISTERSVILLE TANK WORKS, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: SISTERSVILLE TANK WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SISTERSVILLE TANK WORKS, INC. PROFIT SHARING PLAN, SISTERSVILLE TANK WORKS, INC.

SISTERSVILLE TANK WORKS, INC.EIN 55-0644777Plan #002PY 2023

1942 MCCOY STREET, PO BOX 200 - SISTERSVILLE, WV 26175304-652-3011usinaestiva.com.brLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.6M

+6.9% from 2022

Total participants

+14.3% from 2022

Average account balance

$69,471

-2.4% from 2022

Annual return

3.56%

+2.04 pp from 2022

Benchmarks

See 22,675 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,675 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$76K

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

+4.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5853

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.

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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 codes2E2F2G2T3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$270

$15 / participant

Other / not subdivided$270100.0%

% of EOY assets

0.017%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,471

$110,257-37.0%

$96,544-28.0%

$139,434-50.2%

Participation rate

94.4%

78.1%+16.4pp

76.0%+18.5pp

80.3%+14.1pp

Annual return

3.56%

26.32%-22.8pp

25.84%-22.3pp

372.94%-369.4pp

Employer contribution / active EE

$2,778

$3,620-23.3%

$2,965-6.3%

$4,751-41.5%

Participant deferral / active EE

$5,548-100.0%

$4,851-100.0%

$6,710-100.0%

Admin fee / account holder

$12

$11,591-99.9%

$8,252-99.9%

$11,403-99.9%

SISTERSVILLE TANK WORKS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SISTERSVILLE TANK WORKS, INC. 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