Retirement plan

NORTH BAY STEEL MILL SUPPLY & RECYCLING, INC. 401(K) PSP

Name: NORTH BAY STEEL MILL SUPPLY & RECYC ING, INC. - NORTH BAY STEEL MILL SUPPLY & RECYCLING, INC. 401(K) PSP (2024) Form 5500
Creator: NORTH BAY STEEL MILL SUPPLY & RECYC ING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH BAY STEEL MILL SUPPLY & RECYCLING, INC. 401(K) PSP, NORTH BAY STEEL MILL SUPPLY & RECYC ING, INC.

NORTH BAY STEEL MILL SUPPLY & RECYC ING, INC.EIN 72-1590268Plan #001PY 2024

101 W. AMERICAN CANYON ROAD, #508-348 - AMERICAN CANYON, CA 94503415-531-1001steelmillrecycling.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+242.0% from 2023

Total participants

+10.0% from 2023

Average account balance

$126,701

+199.2% from 2023

Annual return

222.38%

+192.07 pp from 2023

Benchmarks

See 22,981 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,981 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.01M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+222.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,701

$117,846+7.5%

$102,434+23.7%

$145,884-13.1%

Participation rate

70.0%

78.6%-8.6pp

76.5%-6.5pp

80.3%-10.3pp

Annual return

222.38%

31.90%+190.5pp

29.46%+192.9pp

551.85%-329.5pp

Employer contribution / active EE

$3,615-100.0%

$3,023-100.0%

$4,662-100.0%

Participant deferral / active EE

$5,800

$5,733+1.2%

$5,055+14.7%

$6,690-13.3%

Admin fee / account holder

$13,356-100.0%

$9,462-100.0%

$13,392-100.0%

NORTH BAY STEEL MILL SUPPLY & RECYCLING, INC. 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NORTH BAY STEEL MILL SUPPLY & RECYCLING, INC. 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion