Retirement plan

RULE STEEL TANKS, INC. 401(K) PLAN

Name: RULE STEEL TANKS, INC. - RULE STEEL TANKS, INC. 401(K) PLAN (2020) Form 5500
Creator: RULE STEEL TANKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RULE STEEL TANKS, INC. 401(K) PLAN, RULE STEEL TANKS, INC.

RULE STEEL TANKS, INC.EIN 82-0357312Plan #001PY 2020

11220 BASS LANE - CALDWELL, ID 83605208-585-3031rulesteel.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$6.2M

+12.1% from 2019

Total participants

205

+47.5% from 2019

Average account balance

$72,659

+14.7% from 2019

Annual return

13.08%

-5.71 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.88M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

103.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$299K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4245

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

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$24,753
RBC WEALTH MANAGEMENT4 years Filed as: RBC CAPITAL MARKETS LLC Service code 55 60 S 6TH ST. COMMISIONS AACTG · MINNEAPOLIS, MN 55402	Other Commissions	$5,363
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDING INC DBA FUTUREPLAN Service code 13 260 DRYDEN RD. · DRESHER, PA 19025	Contract Administrator	$3,250
PENSYS FIDUCIARY SERVICES1 year Filed as: PENSYS FIDUCIARY SERVICES INC. Service code 13 3000 LAVA RIDGE CT. STE 130 · ROSEVILLE, CA 95661	Contract Administrator	$2,297
PENSYS, INC.1 year Filed as: PENSYS INC. Service code 13 3000 LAVA RIDGE CT, STE 130 · ROSEVILLE, CA 95661	Contract Administrator	$510
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 32246	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2G2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$37K

$301 / participant

Investment mgmt$37K100.0%

% of EOY assets

0.598%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,659

$73,638-1.3%

$95,964-24.3%

$73,497-1.1%

Participation rate

4.0%

76.2%-72.1pp

77.1%-73.1pp

70.7%-66.6pp

Annual return

13.08%

16.78%-3.7pp

91.64%-78.6pp

28.51%-15.4pp

Employer contribution / active EE

$1,057

$1,863-43.3%

$2,541-58.4%

$2,270-53.4%

Participant deferral / active EE

$1,544

$3,617-57.3%

$4,167-62.9%

$3,740-58.7%

Admin fee / account holder

$434

$482-9.9%

$6,797-93.6%

$513-15.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$24,753

RBC WEALTH MANAGEMENT4 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 55

60 S 6TH ST. COMMISIONS AACTG · MINNEAPOLIS, MN 55402

Other Commissions

$5,363

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDING INC DBA FUTUREPLAN

Service code 13

260 DRYDEN RD. · DRESHER, PA 19025

Contract Administrator

$3,250

PENSYS FIDUCIARY SERVICES1 year

Filed as: PENSYS FIDUCIARY SERVICES INC.

Service code 13

3000 LAVA RIDGE CT. STE 130 · ROSEVILLE, CA 95661

Contract Administrator

$2,297

PENSYS, INC.1 year

Filed as: PENSYS INC.

Service code 13

3000 LAVA RIDGE CT, STE 130 · ROSEVILLE, CA 95661

Contract Administrator

$510

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 32246

Advisory (Plan)

RULE STEEL TANKS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RULE STEEL TANKS, INC. 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