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Insteel Industries, Inc.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Insteel Industries, Inc.

69
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
69
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (68)
Highest in Peer Group (91)

Plan Description

Insteel Industries, Inc. Retirement Savings Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 15% of plans for Total Plan Cost. Insteel Industries, Inc. Retirement Savings Plan currently has over 800 active participants and over $45.5M in plan assets.

Did you know?

For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (69) and the top rated plan (91) could equate to:
14
Additional years of work
111,250
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 9/30/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 1373 Boggs Dr
  • Location
    Mount Airy , NC
    • 27030-2145
  • Industry
    Manufacturing
  • Administrator
    Michael Gazmarian
  • Net Plan Assets
    $45,500,000
  • Total Participants
    870
  • Avg Account Balance
    $54,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Average
Account Balance:
Average

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Average
Account Balance:
Average

Peer Group Plans

Company Rating
Melton Machine & Control Company 82.5
Trihydro 80.8
Rosen's Diversified 65.7
National Marrow Donor Program 65.3
Hi-Lex 64.3
Advanced Home Care 63.3

Top Industry Articles

exclusives
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July 28, 2020
Practice Management
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Most in the retirement planning industry agree that defined contribution is the future. But what opportunities are there for advisers interested in serving traditional defined benefit pensions? Many, it turns out.

July 29, 2020
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June 9, 2020
Compliance
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The medical testing company is already facing scrutiny for its use of actively managed investments within its retirement plan; it is now the subject of a broader excessive fee lawsuit.

July 29, 2020

Investments

Investment Menu Stats

# of Investment Options

30

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 60%
16%
BMO Stable Principal Fund 8%
N/A
Insteel Industries, Inc. Common Stock 6%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Corporate Trustee
OneAmerica Securities, Inc.
Administration
OneAmerica Securities, Inc.
Recordkeeper
OneAmerica Securities, Inc.
Auditor
Smith Leonard PLLC

Articles and Questions

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Popular Questions

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