Retirement plan

SUPERIOR TANK COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: SUPERIOR TANK COMPANY, INC. - SUPERIOR TANK COMPANY, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SUPERIOR TANK COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR TANK COMPANY, INC. 401(K) PROFIT SHARING PLAN, SUPERIOR TANK COMPANY, INC.

SUPERIOR TANK COMPANY, INC.EIN 95-3940954Plan #002PY 2022

9500 LUCAS RANCHO ROAD - RANCHO CUCAMONGA, CA 917300000909-912-0580superiortank.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesHigh cashLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.4M

-9.0% from 2021

Total participants

119

-12.5% from 2021

Average account balance

$193,537

-14.2% from 2021

Annual return

-11.87%

-24.90 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.58M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$782K

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

+10.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17617

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 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Filed as: CERITY PARTNERS RETIREMENT PLAN Service code 27 · EIN 35-2467663	Advisory (Plan)	$39,670
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,673
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$633

Plan features & details

Pension benefit codes3H2F2G2J2K2T2E3D

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.
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

4 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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$49K

$458 / participant

Investment mgmt$9K17.7%
Other / not subdivided$40K82.3%

% of EOY assets

0.367%

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: MUN CPAS, LLP
Auditor EIN: 200276349
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$193,537

$84,499+129.0%

$125,391+54.3%

$66,949+189.1%

Participation rate

53.3%

76.4%-23.2pp

82.4%-29.1pp

69.8%-16.6pp

Annual return

-11.87%

-8.49%-3.4pp

572.41%-584.3pp

1.57%-13.4pp

Employer contribution / active EE

$2,130

$3,554-40.1%

$4,816-55.8%

$2,545-16.3%

Participant deferral / active EE

$3,823

$6,785-43.6%

$7,448-48.7%

$4,239-9.8%

Admin fee / account holder

$710

$685+3.6%

$10,009-92.9%

$594+19.6%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: CERITY PARTNERS RETIREMENT PLAN

Service code 27 · EIN 35-2467663

Advisory (Plan)

$39,670

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,673

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$633

SUPERIOR TANK COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR TANK COMPANY, INC. 401(K) PROFIT SHARING 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