Retirement plan

SSI 401(K) PLAN

Name: STEELE SOLUTIONS, INC. - SSI 401(K) PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15M

-2.3% from 2021

Total participants

458

+8.5% from 2021

Average account balance

$34,188

-17.5% from 2021

Annual return

-14.50%

-32.03 pp from 2021

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2022

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 COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$99,819
BAIRD INSURANCE SERVICES INC5 years Service code 49 · EIN 39-1236032	Other Services	$20,050
BAIRD FUNDS2 years Filed as: ROBERT W. BAIRD & CO. INCORPORATED Service code 49 · EIN 39-6037917	Other Services	$14,186
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US. LLP Service code 10 · EIN 39-0859910	Accounting	$13,800

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$114K

$309 / participant

Contract admin$100K87.9%
Other / not subdivided$14K12.1%

% of EOY assets

0.757%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,188

$72,303-52.7%

$86,698-60.6%

$64,819-47.3%

Participation rate

94.8%

80.4%+14.4pp

76.6%+18.2pp

71.5%+23.4pp

Annual return

-14.50%

392.77%-407.3pp

35.95%-50.5pp

32.84%-47.3pp

Employer contribution / active EE

$2,648

$2,393+10.7%

$2,837-6.7%

$2,507+5.6%

Participant deferral / active EE

$4,870

$4,660+4.5%

$4,656+4.6%

$4,311+13.0%

Admin fee / account holder

$259

$174+48.7%

$7,493-96.5%

$188+37.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$99,819

BAIRD INSURANCE SERVICES INC5 years

Service code 49 · EIN 39-1236032

Other Services

$20,050

BAIRD FUNDS2 years

Filed as: ROBERT W. BAIRD & CO. INCORPORATED

Service code 49 · EIN 39-6037917

Other Services

$14,186

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US. LLP

Service code 10 · EIN 39-0859910

Accounting

$13,800

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