Retirement plan

SSI 401(K) PLAN

Name: STEELE SOLUTIONS, INC. - SSI 401(K) PLAN (2019) Form 5500
Creator: STEELE SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SSI 401(K) PLAN, STEELE SOLUTIONS, INC.

STEELE SOLUTIONS, INC.EIN 81-2440527Plan #001PY 2019

9909 SOUTH 57TH STREET - FRANKLIN, WI 531328685414-367-5104steelesolutions.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+31.4% from 2018

Total participants

204

+7.9% from 2018

Average account balance

$51,545

+9.1% from 2018

Annual return

24.05%

+29.73 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.31M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

457

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.32M

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

+51.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$50,262
BAIRD INSURANCE SERVICES INC2 years Service code 49 · EIN 39-1236032	Other Services	$10,396
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW Service code 10 · EIN 39-0859910	Accounting	$9,750
BAIRD FUNDS2 years Filed as: ROBERT W BAIRD & CO INC Service code 49 · EIN 39-6037917	Other Services	$7,807

Plan features & details

Pension benefit codes2E2G2J2S2T3D

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.
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.

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

$60K

$316 / participant

Contract admin$50K83.8%
Other / not subdivided$10K16.2%

% of EOY assets

0.681%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,545

$65,376-21.2%

$87,104-40.8%

$65,185-20.9%

Participation rate

82.6%

75.3%+7.3pp

76.9%+5.8pp

70.2%+12.4pp

Annual return

24.05%

31.27%-7.2pp

28.19%-4.1pp

29.38%-5.3pp

Employer contribution / active EE

$2,057

$1,822+12.9%

$2,521-18.4%

$2,177-5.5%

Participant deferral / active EE

$4,144

$3,388+22.3%

$4,048+2.4%

$3,514+17.9%

Admin fee / account holder

$351

$520-32.5%

$7,491-95.3%

$847-58.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$50,262

BAIRD INSURANCE SERVICES INC2 years

Service code 49 · EIN 39-1236032

Other Services

$10,396

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW

Service code 10 · EIN 39-0859910

Accounting

$9,750

BAIRD FUNDS2 years

Filed as: ROBERT W BAIRD & CO INC

Service code 49 · EIN 39-6037917

Other Services

$7,807

SSI 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SSI 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