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MIDLAND STEEL WAREHOUSE CORP.

Bronx, New York
Warehousing and Storage
1-24 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Midland Steel Profit Sharing Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
MIDLAND STEEL WAREHOUSE CORP.
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$0
Avg Employer Contribution per Person per Year
Laggard
Not EE Friendly
Plan Design
Laggard
Not EE Friendly
Admin Fees as a % of Total Assets
Laggard
32%
1 Year Return
Top Benefits

Peer Group

Size
1-24 employees
Region
All Region Average
Industry
Transportation and Warehousing

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Midland Steel Profit Sharing Plan
Plan type
DC-Other
Plan start date
10/01/1973
Plan assets
$13,708,176
Participation Rate
100.00 %
Loan %
0.00 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
No
Self-directed
No
Auto-Enroll
No
Vesting Requirements
No

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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Just a few of the companies in your cohort

BOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUNDBOARD OF TRUSTEES OF SUPPLEMENTAL INCOME TRUST FUNDECGECGGLENDALE WAREHOUSE & DISTRIBUTIOGLENDALE WAREHOUSE & DISTRIBUTIOWINE SERVICE COOPERATIVE INCWINE SERVICE COOPERATIVE INCWAREHOUSE RACK COMPANY LPWAREHOUSE RACK COMPANY LPINTERNATIONAL FULFILLMENT SOLUTIONS, LLCINTERNATIONAL FULFILLMENT SOLUTIONS, LLCSJF MATERIAL HANDLING, INC.SJF MATERIAL HANDLING, INC.STONE ROOSTER DISTRIBUTORS, INC.STONE ROOSTER DISTRIBUTORS, INC.JOHNSTONE ENTERPRISES, LTD 401(K) PROFIT SHARING PLANJOHNSTONE ENTERPRISES, LTD 401(K) PROFIT SHARING PLANHODGES BONDED WAREHOUSE, INC.HODGES BONDED WAREHOUSE, INC.

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