Retirement plan

CORKEN STEEL PRODUCTS COMPANY 401(K) AND PROFIT SHARING PLAN

Name: CORKEN STEEL PRODUCTS COMPANY - CORKEN STEEL PRODUCTS COMPANY 401(K) AND PROFIT SHARING PLAN (2019) Form 5500
Creator: CORKEN STEEL PRODUCTS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORKEN STEEL PRODUCTS COMPANY 401(K) AND PROFIT SHARING PLAN, CORKEN STEEL PRODUCTS COMPANY

CORKEN STEEL PRODUCTS COMPANYEIN 61-0503239Plan #001PY 2019

7920 KENTUCKY DRIVE - FLORENCE, KY 41042859-291-4664corkensteel.comLinkedIn201-500 employeeswholesale

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.4M

+25.9% from 2018

Total participants

257

+4.5% from 2018

Average account balance

$106,424

+20.5% from 2018

Annual return

18.56%

+22.78 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.95M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

347

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH Service code 18 · EIN 13-5674085	Investment management; Sub-transfer a...	$150,516
TRI-AD ACTUARIES, INC.5+ years Filed as: TRI-STATE PLAN ADMINISTRATION Service code 15 · EIN 31-1214674	Recordkeeping	$21,380
VONLEHMAN & COMPANY, INC.1 year Filed as: VON LEHMAN & COMPANY, INC. Service code 10 · EIN 31-0905417	Accounting	$14,500
HORAN CAPITAL ADVISORS5+ years Service code 27 · EIN 27-1658127	Advisory (Plan)	$13,915

Plan features & details

Pension benefit codes2E2J2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$205K

$907 / participant

Investment mgmt$169K82.5%
Other / not subdivided$36K17.5%

% of EOY assets

0.749%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VON LEHMAN & COMPANY, INC.
Auditor EIN: 310905417
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,424

$86,341+23.3%

$125,195-15.0%

$65,186+63.3%

Participation rate

100.0%

75.3%+24.7pp

79.8%+20.2pp

70.2%+29.8pp

Annual return

18.56%

27.44%-8.9pp

43.79%-25.2pp

29.39%-10.8pp

Employer contribution / active EE

$4,204

$2,040+106.1%

$3,866+8.7%

$2,177+93.1%

Participant deferral / active EE

$4,999

$3,538+41.3%

$4,937+1.2%

$3,514+42.3%

Admin fee / account holder

$797

$609+30.9%

$9,704-91.8%

$847-5.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH

Service code 18 · EIN 13-5674085

Investment management; Sub-transfer a...

$150,516

TRI-AD ACTUARIES, INC.5+ years

Filed as: TRI-STATE PLAN ADMINISTRATION

Service code 15 · EIN 31-1214674

Recordkeeping

$21,380

VONLEHMAN & COMPANY, INC.1 year

Filed as: VON LEHMAN & COMPANY, INC.

Service code 10 · EIN 31-0905417

Accounting

$14,500

HORAN CAPITAL ADVISORS5+ years

Service code 27 · EIN 27-1658127

Advisory (Plan)

$13,915

CORKEN STEEL PRODUCTS COMPANY 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORKEN STEEL PRODUCTS COMPANY 401(K) AND 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