Retirement plan

SOUTHERN CAST PRODUCTS, INC. RETIREMENT PLAN

Name: SOUTHERN CAST PRODUCTS, INC - SOUTHERN CAST PRODUCTS, INC. RETIREMENT PLAN (2020) Form 5500
Creator: SOUTHERN CAST PRODUCTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN CAST PRODUCTS, INC. RETIREMENT PLAN, SOUTHERN CAST PRODUCTS, INC

SOUTHERN CAST PRODUCTS, INCEIN 64-0627010Plan #001PY 2020

1010 WILE RD - MERIDIAN, MS 39301601-482-8518southerncastproducts.comLinkedIn51-200 employeesmining & metals

Prospect flagsHigh cashLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

+5.0% from 2019

Total participants

119

-9.8% from 2019

Average account balance

$50,599

+8.3% from 2019

Annual return

17.11%

-7.78 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

$4.97M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

107

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$359K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11733

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
KEMP, WILLIAMS, STEV1 year Service code 10 · EIN 20-5707632	Accounting	$8,682
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$4,034

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$120 / participant

Investment mgmt$2351.8%
Other / not subdivided$13K98.2%

% of EOY assets

0.267%

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: KEMP, WILLIAMS, STEVERSON & BERNARD
Auditor EIN: 205707632
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,599

$73,638-31.3%

$95,960-47.3%

$73,493-31.2%

Participation rate

78.7%

76.2%+2.5pp

77.1%+1.6pp

70.7%+8.0pp

Annual return

17.11%

16.78%+0.3pp

91.63%-74.5pp

28.51%-11.4pp

Employer contribution / active EE

$2,266

$1,863+21.6%

$2,541-10.8%

$2,270-0.2%

Participant deferral / active EE

$1,226

$3,617-66.1%

$4,167-70.6%

$3,740-67.2%

Admin fee / account holder

$135

$482-72.0%

$6,797-98.0%

$513-73.7%

Provider

Service type

Compensation

KEMP, WILLIAMS, STEV1 year

Service code 10 · EIN 20-5707632

Accounting

$8,682

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$4,034

SOUTHERN CAST PRODUCTS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN CAST PRODUCTS, INC. 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