Retirement plan

EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Name: EASTERN METAL SUPPLY, INC. - EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: EASTERN METAL SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN, EASTERN METAL SUPPLY, INC.

EASTERN METAL SUPPLY, INC.EIN 59-2249307Plan #001PY 2016

3600 23RD AVENUE SOUTH - LAKE WORTH, FL 33461800-432-2204easternmetal.comLinkedIn501-1000 employeeswholesale

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed March 10, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$27.7M

+12.0% from 2015

Total participants

533

-0.6% from 2015

Average account balance

$82,077

+18.6% from 2015

Annual return

8.72%

+7.96 pp from 2015

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.64M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

982

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 6 by compensation

Provider	Service type	Compensation
TRIAD ADVISORS INC2+ years Service code 55 5185 PEACHTREE PKWY #280 · NORCROSS, GA 300926541	Other Commissions	$26,801
AMERITAS LIFE INSURANCE CORP2+ years Filed as: AMERITAS INVESTMENT CORP Service code 55 5900 O ST · LINCOLN, NE 68510	Other Commissions	$20,249
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$17,651
MSI FINANCIAL SERVICES INC.1 year Filed as: MSI FINANCIAL SERVICES Service code 55 1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111	Other Commissions	$8,999
T. E. LOTT AND COMPANY2+ years Filed as: T.E. LOTT & COMPANY, P.A. Service code 10 221 7TH STREET NORTH · COLUMBUS, MS 39703	Accounting	$6,000
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,613

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$55 / participant

Investment mgmt$18K66.6%
Contract admin$2K8.5%
Other / not subdivided$7K24.9%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

2 / 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: T.E. LOTT & COMPANY
Auditor EIN: 640575804
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,077

$107,378-23.6%

$108,582-24.4%

$57,658+42.4%

Participation rate

59.7%

77.1%-17.4pp

79.6%-19.9pp

70.2%-10.6pp

Annual return

8.72%

12.80%-4.1pp

-51.70%+60.4pp

5.13%+3.6pp

Employer contribution / active EE

$900

$1,782-49.5%

$3,758-76.1%

$1,974-54.4%

Participant deferral / active EE

$2,690

$3,221-16.5%

$4,311-37.6%

$3,061-12.1%

Admin fee / account holder

$79

$108-27.5%

$7,645-99.0%

$95-16.8%

Provider

Service type

Compensation

TRIAD ADVISORS INC2+ years

Service code 55

5185 PEACHTREE PKWY #280 · NORCROSS, GA 300926541

Other Commissions

$26,801

AMERITAS LIFE INSURANCE CORP2+ years

Filed as: AMERITAS INVESTMENT CORP

Service code 55

5900 O ST · LINCOLN, NE 68510

Other Commissions

$20,249

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$17,651

MSI FINANCIAL SERVICES INC.1 year

Filed as: MSI FINANCIAL SERVICES

Service code 55

1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111

Other Commissions

$8,999

T. E. LOTT AND COMPANY2+ years

Filed as: T.E. LOTT & COMPANY, P.A.

Service code 10

221 7TH STREET NORTH · COLUMBUS, MS 39703

Accounting

$6,000

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,613

EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN METAL SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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