Retirement plan

S'DROL METALS, INC. 401(K) PLAN

Name: S'DROL METALS, INC. - S'DROL METALS, INC. 401(K) PLAN (2023) Form 5500
Creator: S'DROL METALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S'DROL METALS, INC. 401(K) PLAN, S'DROL METALS, INC.

S'DROL METALS, INC.EIN 84-4966027Plan #002PY 2023

7800 INTERVALE - DETROIT, MI 48238313-491-4380

Prospect flagsHigh feesFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$3.6M

-13.7% from 2022

Total participants

150

0.0% from 2022

Average account balance

$24,221

-13.7% from 2022

Annual return

12.41%

+27.76 pp from 2022

Benchmarks

See 22,632 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,632 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.76M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3+ years Service code 13 · EIN 27-2037969	Contract Administrator	$37,026
HUNTINGTON NATIONAL BANK3+ years Service code 25 5550 S OLD WOODWARD · BIRNINGHAM, MI 48009	Directed Trustee	$11,223
NEWPORT GROUP, INC.3+ years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (discretionary); Trustee (ban...	$1,084

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$49K

$2242 / participant

Recordkeeping$49K100.0%

% of EOY assets

1.358%

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: MRPR GROUP, PC
Auditor EIN: 382141969
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,221

$110,240-78.0%

$96,544-74.9%

$139,487-82.6%

Participation rate

100.0%

78.1%+21.9pp

76.0%+24.0pp

80.3%+19.7pp

Annual return

12.41%

26.41%-14.0pp

25.88%-13.5pp

373.84%-361.4pp

Employer contribution / active EE

$932

$3,622-74.3%

$2,966-68.6%

$4,755-80.4%

Participant deferral / active EE

$4,644

$5,549-16.3%

$4,851-4.3%

$6,713-30.8%

Admin fee / account holder

$329

$11,602-97.2%

$8,254-96.0%

$11,407-97.1%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$37,026

HUNTINGTON NATIONAL BANK3+ years

Service code 25

5550 S OLD WOODWARD · BIRNINGHAM, MI 48009

Directed Trustee

$11,223

NEWPORT GROUP, INC.3+ years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (discretionary); Trustee (ban...

$1,084

S'DROL METALS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S'DROL METALS, 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