Retirement plan

RULE STEEL TANKS, INC. 401(K) PLAN

Name: RULE STEEL TANKS, INC. - RULE STEEL TANKS, INC. 401(K) PLAN (2021) 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 2021

11310 BASS LN - CALDWELL, ID 83605208-585-3031rulesteel.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$5.7M

-9.2% from 2020

Total participants

119

-42.0% from 2020

Average account balance

$65,245

-10.2% from 2020

Annual return

9.16%

-3.91 pp from 2020

Benchmarks

See 14,568 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,568 peers

Snapshot2021

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER Service code 27 4800 DEER LAKE DR E FL 1 · JACKSONVILLE, FL 32246	Advisory (Plan)	$45,361
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,185
PENSION ASSURANCE LLP1 year Service code 10 20335 VENTURA BLVD STE 305 · WOODLAND HILLS, CA 91364	Accounting	$10,500
PENSYS FIDUCIARY SERVICES1 year Filed as: PENSYS FIDUCIARY SERVICES INC Service code 13 3000 LAVA RIDGE CT STE 130 · ROSEVILLE, CA 95661	Contract Administrator	$3,220
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$2,238
PENSYS, INC.1 year Filed as: PENSYS INC Service code 13 2440 PROFESSIONAL DR STE 100 · ROSEVILLE, CA 95661	Contract Administrator	$1,121

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$76K

$914 / participant

Investment mgmt$76K100.0%

% of EOY assets

1.337%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,245

$86,294-24.4%

$111,303-41.4%

$85,856-24.0%

Participation rate

61.4%

73.3%-11.9pp

77.3%-15.9pp

69.3%-7.9pp

Annual return

9.16%

19.99%-10.8pp

54.66%-45.5pp

318.58%-309.4pp

Employer contribution / active EE

$1,754

$2,043-14.2%

$2,731-35.8%

$2,565-31.6%

Participant deferral / active EE

$2,758

$3,641-24.2%

$4,487-38.5%

$3,952-30.2%

Admin fee / account holder

$872

$8,189-89.3%

$7,966-89.0%

$6,261-86.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER

Service code 27

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

Advisory (Plan)

$45,361

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,185

PENSION ASSURANCE LLP1 year

Service code 10

20335 VENTURA BLVD STE 305 · WOODLAND HILLS, CA 91364

Accounting

$10,500

PENSYS FIDUCIARY SERVICES1 year

Filed as: PENSYS FIDUCIARY SERVICES INC

Service code 13

3000 LAVA RIDGE CT STE 130 · ROSEVILLE, CA 95661

Contract Administrator

$3,220

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$2,238

PENSYS, INC.1 year

Filed as: PENSYS INC

Service code 13

2440 PROFESSIONAL DR STE 100 · ROSEVILLE, CA 95661

Contract Administrator

$1,121

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