Retirement plan

GENERAL SOUTHERN INDUSTRIES, INC. 401(K) PLAN

Name: GENERAL SOUTHERN INDUSTRIES, INC. - GENERAL SOUTHERN INDUSTRIES, INC. 401(K) PLAN (2016) Form 5500
Creator: GENERAL SOUTHERN INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL SOUTHERN INDUSTRIES, INC. 401(K) PLAN, GENERAL SOUTHERN INDUSTRIES, INC.

GENERAL SOUTHERN INDUSTRIES, INC.EIN 63-0897153Plan #001PY 2016

PO BOX 179 - RUSSELLVILLE, AL 35653256-277-0118ggsteel.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$10.4M

+12.3% from 2015

Total participants

313

+0.3% from 2015

Average account balance

$39,428

+12.7% from 2015

Annual return

3.80%

+4.43 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.62M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

381

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 7 by compensation

Provider	Service type	Compensation
COUNTRY TRUST BANK1 year Service code 15 1705 TOWANDA AVE · BLOOMINGTON, IL 61701	Recordkeeping	$2,424
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 52 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Indirect Investment Fees	$0
FEDERATED1 year Filed as: FEDERATED INVESTORS, INC. Service code 52 1001 LIBERTY AVENUE · PITTSBURGH, PA 152223779	Indirect Investment Fees	$0
JP MORGAN INVESTMENT MANAGEMENT INC1 year Service code 52 270 PARK AVENUE · NEW YORK, NY 10017	Indirect Investment Fees	$0
BAIRD FUNDS1 year Filed as: ROBERT W. BAIRD & CO. Service code 52 777 E WISCONSIN AVE · MILWAUKEE, WI 53202	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE ASSOCIATES, INC. Service code 52 100 EAST PRATT STREET · BALTIMORE, MD 21202	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.1 year Service code 52 100 VANGUARD BLVD · MALVERN, PA 19355	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$24K

$83 / participant

Investment mgmt$24K100.0%

% of EOY assets

0.232%

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,428

$63,905-38.3%

$74,184-46.9%

$57,658-31.6%

Participation rate

82.8%

79.8%+3.0pp

76.6%+6.1pp

70.2%+12.5pp

Annual return

3.80%

60.60%-56.8pp

17.74%-13.9pp

5.13%-1.3pp

Employer contribution / active EE

$1,191

$1,840-35.3%

$2,370-49.8%

$1,974-39.7%

Participant deferral / active EE

$2,101

$3,448-39.1%

$3,550-40.8%

$3,061-31.3%

Admin fee / account holder

$91

$91+0.3%

$5,586-98.4%

$95-3.4%

Provider

Service type

Compensation

COUNTRY TRUST BANK1 year

Service code 15

1705 TOWANDA AVE · BLOOMINGTON, IL 61701

Recordkeeping

$2,424

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 52

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Indirect Investment Fees

FEDERATED1 year

Filed as: FEDERATED INVESTORS, INC.

Service code 52

1001 LIBERTY AVENUE · PITTSBURGH, PA 152223779

Indirect Investment Fees

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Service code 52

270 PARK AVENUE · NEW YORK, NY 10017

Indirect Investment Fees

BAIRD FUNDS1 year

Filed as: ROBERT W. BAIRD & CO.

Service code 52

777 E WISCONSIN AVE · MILWAUKEE, WI 53202

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE ASSOCIATES, INC.

Service code 52

100 EAST PRATT STREET · BALTIMORE, MD 21202

Indirect Investment Fees

THE VANGUARD GROUP, INC.1 year

Service code 52

100 VANGUARD BLVD · MALVERN, PA 19355

Indirect Investment Fees

GENERAL SOUTHERN INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL SOUTHERN INDUSTRIES, INC. 401(K) 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