Retirement plan

STRUCTURAL STEEL SERVICES, INC. 401(K) RETIREMENT PLAN

Name: STRUCTURAL STEEL SERVICES, INC. - STRUCTURAL STEEL SERVICES, INC. 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: STRUCTURAL STEEL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRUCTURAL STEEL SERVICES, INC. 401(K) RETIREMENT PLAN, STRUCTURAL STEEL SERVICES, INC.

STRUCTURAL STEEL SERVICES, INC.EIN 64-0568108Plan #001PY 2016

P. O. BOX 2929 - MERIDIAN, MS 39302601-483-5381structuralsteelservice.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.4M

+5.9% from 2015

Total participants

230

-11.5% from 2015

Average account balance

$78,808

+17.8% from 2015

Annual return

8.43%

+11.38 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.70M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

170

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$66,749
TRUSTMARK NATIONAL BANK2+ years Service code 15 · EIN 64-0180810	Recordkeeping	$8,775

Plan features & details

Pension benefit codes2E2G2J2K2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$76K

$350 / participant

Contract admin$67K88.4%
Other / not subdivided$9K11.6%

% of EOY assets

0.434%

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: REA, SHAW, GRIFFIN & STUART, LLP
Auditor EIN: 640295411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,808

$60,165+31.0%

$74,184+6.2%

$55,167+42.9%

Participation rate

95.8%

74.2%+21.7pp

76.6%+19.2pp

69.0%+26.8pp

Annual return

8.43%

10.00%-1.6pp

17.74%-9.3pp

169.23%-160.8pp

Employer contribution / active EE

$1,796

$1,600+12.3%

$2,370-24.2%

$1,963-8.5%

Participant deferral / active EE

$3,675

$2,973+23.6%

$3,550+3.5%

$3,054+20.3%

Admin fee / account holder

$342

$419-18.5%

$5,586-93.9%

$504-32.2%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$66,749

TRUSTMARK NATIONAL BANK2+ years

Service code 15 · EIN 64-0180810

Recordkeeping

$8,775

STRUCTURAL STEEL SERVICES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRUCTURAL STEEL SERVICES, INC. 401(K) RETIREMENT 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