Retirement plan

MACUCH STEEL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST

Name: MACUCH STEEL PRODUCTS, INC. - MACUCH STEEL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: MACUCH STEEL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACUCH STEEL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST, MACUCH STEEL PRODUCTS, INC.

MACUCH STEEL PRODUCTS, INC.EIN 58-0629280Plan #003PY 2020

1527 AUGUSTA AVENUE - AUGUSTA, GA 30901706-396-6136macuchsteel.comLinkedIn51-200 employeesconstruction

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

+15.6% from 2019

Total participants

140

+2.2% from 2019

Average account balance

$33,694

+12.1% from 2019

Annual return

14.01%

+8.34 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.87M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

126

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.

81.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$360K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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 3 by compensation

Provider	Service type	Compensation
PRIMETRUST ADVISORS, LLC5+ years Service code 27 101 COLLEGE STREET SUITE 1-B · GREENVILLE, SC 29601	Advisory (Plan)	$17,684
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,722
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$43

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$33K

$319 / participant

Contract admin$33K100.0%

% of EOY assets

0.770%

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: ELLIOTT DAVIS
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,694

$73,638-54.2%

$95,964-64.9%

$73,497-54.2%

Participation rate

89.5%

76.2%+13.4pp

77.1%+12.4pp

70.7%+18.8pp

Annual return

14.01%

16.78%-2.8pp

91.64%-77.6pp

28.51%-14.5pp

Employer contribution / active EE

$371

$1,863-80.1%

$2,541-85.4%

$2,270-83.7%

Participant deferral / active EE

$2,424

$3,617-33.0%

$4,167-41.8%

$3,740-35.2%

Admin fee / account holder

$259

$482-46.2%

$6,797-96.2%

$513-49.5%

Provider

Service type

Compensation

PRIMETRUST ADVISORS, LLC5+ years

Service code 27

101 COLLEGE STREET SUITE 1-B · GREENVILLE, SC 29601

Advisory (Plan)

$17,684

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,722

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$43

MACUCH STEEL PRODUCTS, INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACUCH STEEL PRODUCTS, INC. 401K PROFIT SHARING 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