Retirement plan

STEEL AFFILIATES 401(K) PROFIT SHARING PLAN

Name: TRIPLE-S STEEL HOLDINGS, INC. - STEEL AFFILIATES 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: TRIPLE-S STEEL HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEEL AFFILIATES 401(K) PROFIT SHARING PLAN, TRIPLE-S STEEL HOLDINGS, INC.

TRIPLE-S STEEL HOLDINGS, INC.EIN 74-2028876Plan #002PY 2018

6000 JENSEN - HOUSTON, TX 77026713-354-4157sss-steel.comLinkedIn1001-5000 employeesmining & metals

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$41.3M

+9.4% from 2017

Total participants

1,065

+2.0% from 2017

Average account balance

$38,957

+3.5% from 2017

Annual return

10.94%

-1.32 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$100.14M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

2,022

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.53M

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3+ years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Recordkeepi...	$131,275
PENSIONMARK FINANCIAL GROUP LLC3+ years Filed as: PENSIONMARK RETIREMENT GROUP Service code 28 3030 N. ROCK POINT DRIVE WEST · TAMPA, FL 33607	Investment Management	$108,590

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$240K

$266 / participant

Investment mgmt$109K45.3%
Contract admin$131K54.7%

% of EOY assets

0.581%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,957

$62,267-37.4%

$110,238-64.7%

$55,725-30.1%

Participation rate

99.3%

78.1%+21.2pp

79.8%+19.5pp

70.9%+28.5pp

Annual return

10.94%

-1.07%+12.0pp

314.74%-303.8pp

244.93%-234.0pp

Employer contribution / active EE

$1,779

$1,941-8.4%

$3,826-53.5%

$2,078-14.4%

Participant deferral / active EE

$2,257

$3,516-35.8%

$4,672-51.7%

$3,356-32.7%

Admin fee / account holder

$227

$121+87.3%

$8,547-97.4%

$115+96.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3+ years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Recordkeepi...

$131,275

PENSIONMARK FINANCIAL GROUP LLC3+ years

Filed as: PENSIONMARK RETIREMENT GROUP

Service code 28

3030 N. ROCK POINT DRIVE WEST · TAMPA, FL 33607

Investment Management

$108,590

STEEL AFFILIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEEL AFFILIATES 401(K) PROFIT SHARING 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