Retirement plan

SUPERIOR INC & AFFILIATES 401(K) PLAN

Name: SUPERIOR, INC. - SUPERIOR INC & AFFILIATES 401(K) PLAN (2021) Form 5500
Creator: SUPERIOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR INC & AFFILIATES 401(K) PLAN, SUPERIOR, INC.

SUPERIOR, INC.EIN 71-0568778Plan #001PY 2021

4476 WATERSIDE COURT - FAYETTEVILLE, AR 72703479-442-4476LinkedIn1-10 employeesmental health care

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$20.6M

+42.7% from 2020

Total participants

631

+22.1% from 2020

Average account balance

$51,317

+13.3% from 2020

Annual return

31.01%

+18.52 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.11M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

512

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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)

$239

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
NATIONWIDE7+ years Filed as: NATIONWIDE INSURANCE Service code 64 · EIN 31-4156830	Recordkeeping Fees	$25,305
PENSION PLAN ADMINISTRATION, LLC5 years Service code 63 · EIN 71-0816002	12b-1 Fees	$11,947

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$129K

$237 / participant

Contract admin$129K100.0%

% of EOY assets

0.625%

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: HOGANTAYLOR, LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,317

$50,956+0.7%

$96,570-46.9%

$86,821-40.9%

Participation rate

57.8%

65.2%-7.4pp

69.8%-12.0pp

72.3%-14.5pp

Annual return

31.01%

21.27%+9.7pp

37.79%-6.8pp

97.94%-66.9pp

Employer contribution / active EE

$941

$1,111-15.2%

$2,357-60.1%

$2,406-60.9%

Participant deferral / active EE

$4,502

$2,954+52.4%

$3,849+17.0%

$4,132+9.0%

Admin fee / account holder

$321

$166+93.2%

$6,182-94.8%

$170+89.2%

Provider

Service type

Compensation

NATIONWIDE7+ years

Filed as: NATIONWIDE INSURANCE

Service code 64 · EIN 31-4156830

Recordkeeping Fees

$25,305

PENSION PLAN ADMINISTRATION, LLC5 years

Service code 63 · EIN 71-0816002

12b-1 Fees

$11,947

SUPERIOR INC & AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR INC & AFFILIATES 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