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FORM 5500 DATA

Steel Warehouse, Lock Joint Tube and SFI Consolidated Profit Sharing Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan09/01/1953
  • Net Assets as of 12/31/2010 $36,437,294
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2010

  • Active (Eligible) Participants1,637
  • Retired or separated participants receiving benefits1
  • Other retired or separated participants entitled to future benefits78
  • Subtotal1,716
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,716
  • Total number of participants as of 01/01/20101,643
  • Number of participants with account balances1,352
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested417

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address2722 West Tucker Drive
  • CitySouth Bend
  • StateIN
  • Zip46624
  • Telephone(574) 236-5114
  • EIN20-3534605
  • Industry Code332900
  • Named AdministratorRich King
  • Named Plan SponsorRich King

Plan Administrator Information

  • Administrator NameMr. Rich King
  • Address2722 West Tucker Drive
  • CitySouth Bend
  • StateIN
  • Zip46624
  • Telephone(574) 236-5114
  • Administrator EIN20-3534605

Audit Information

  • Audit StatusAudited
  • AuditorJurgonski & Fredlake
  • Auditor EIN35-1640896
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $12,556
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? No
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $6,807,411
Contributions $3,024,233
Cash Contributions $3,024,233
Cash from Employers $329,753
Cash from Participants $2,550,814
Others (including rollovers) $143,666
Noncash Contributions $0
Total Earnings on Investments $3,782,519
Total Interest $361,435
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $51,750
Interest from Other Investments $309,685
Total Dividends $72,075
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $8,809
Aggregate Proceeds $1,148,727
Aggregate Carrying Amount $1,139,918
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $3,280,730
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $59,470
Other Income $659
Expenses $2,513,984
Total Benefit Payments $2,413,862
Directly to participants or beneficiaries, including direct rollovers $2,408,548
To insurance carriers for the provision of benefits $5,280
Other Benefit Payment Fees $34
Corrective Distributions $48,680
Certain deemed distributions of participant loans $904
Interest expense $0
Total Administrative Expenses $50,538
Professional Fees $14,940
Contract Administrator Fees $33,952
Investment Advisory and management fees $1,171
Other Administrative Fees $475
Net Income $4,293,427
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $36,436,583 $32,143,867 13.35%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $6,021 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $6,021 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $1,071,380 $957,098 11.94%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $23,463,226 $20,884,172 12.35%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $2,029,507 $0 0.0%
Value of funds held in insurance co. general account $9,866,449 $10,302,597 -4.23%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $-711 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $-711 $0 0.0%
Net Assets $36,437,294 $32,143,867 13.36%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Massachusetts Mutual Life Ins. Co.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Thomas F Cichon Insurance brokerage commissions and fees Shareholder Service Provi $0 $53,254 $53,254
Massachusetts Mutual Life Ins. Co. Investment management fees paid indirectly by plan, Sub-transfer agency fees, Distribution (12b-1) fees, Recordkeeping fees, Other insurance wrap fees, Soft dollars commissions, Other investment fees and expenses, Other fees Contract Administrator $49,367 $0 $49,367
Richard Taylor Kerby Insurance brokerage commissions and fees Shareholder Service Provi $0 $22,823 $22,823
Jurgonski & Fredlake CPA's Direct payment from the plan Auditor $9,140 $0 $9,140
Total $58,507 $76,077 $134,584

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Thomas F Cichon Massachusetts Mutual Life Ins. Co. Insurance brokerage commissions and fees Commissions and Fees $53,254
Massachusetts Mutual Life Ins. Co. Sel Dvrsfd Val Lms Syls/Brdywn Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Core Bond Babson Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Int'L New Discovery Mfs Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Indexed Eqty Northrn Trust Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Sm Cap Gr W&R/Wellington Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Focused Value Harris Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Mid Cap Gr II Trp/Frontier Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier High Yield Babson Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Leveraged Co Stckfidelity Advisor Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Fundamental Val Wellington Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small- & Mid- Cap Value Ofi Sub-transfer agency fees, Other fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Global Allocation Ofi Sub-transfer agency fees, Other fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement 2010 T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement 2020 T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement 2030 T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement 2040 T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Growth Trust Legg Mason Cap Mngmt Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Pnc Large Cap Value Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Pnc Total Return Advantage Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Select Pimco Total Return Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Small Cap Val Invesco Van Kampen Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Global Ofi Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement 2050 T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Spectrum Growth T. Rowe Price Sub-transfer agency fees, Other insurance wrap fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Blue Brandywine Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Retirement Income T. Rowe Price Sub-transfer agency fees Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Europacific Growth American Sub-transfer agency fees Basis Points * Plan Assets $0
Richard Taylor Kerby Massachusetts Mutual Life Ins. Co. Insurance brokerage commissions and fees Commissions and Fees $22,823
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Sia-Ak Select Fundamental Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,316,620
Sia-At Select Mid Cap Gr II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,311,814
Sia-Av Select Focused Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,288,485
Sia-C4 Small- & Mid- Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,766,759
Sia-Od Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,764,674
Sia-Wz Select Pimco Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,605,073
Sia-Wr Int'L New Discovery Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,514,889
Sia-W5 Spectrum Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,502,644
Sia-Vi Leveraged Co Stck Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,183,930
Sia-Oc Premier Capital Appreciation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,110,206
Sia-Ob Global Allocation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $679,903
Sia-Dh Premier High Yield Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $648,862
Sia-Hf Small Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $602,917
Sia-Ac Select Sm Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $591,982
Sia-Xt Retirement 2030 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $571,792
Sia-Vt Retirement 2020 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $515,382
Sia-Rt Retirement Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $464,139
Sia-Ax Select Indexed Eqty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $447,644
Sia-Fm Blue Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $419,451
Sia-Zt Retirement 2040 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $406,943
Sia-St Retirement 2010 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $390,714
Sia-Ut Retirement 2050 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $253,830
Sia-Th Europacific Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $102,212
Sia-Y Prem Inflat-Prot and Incm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $2,360
Sia-Ag Premier Money Market Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Ae Premier Core Bond Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Rm Growth Trust Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Hk Sel Dvrsfd Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $23,463,225

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 1,716
EIN 04-1590850
Industry Code 65935
Contract Number SF 51622
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $0
Value in Separate Accounts at Year End $23,463,226
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract GROUP ANNUITY CONTRACT
Balance at the end of the previous year $10,302,597
Additions $4,068,013
Contributions Deposited during the year $2,880,567
Dividends and credits $0
Interest credited during the year $309,683
Transferred from separate account $82,313
Other $795,450
Total of Balance and Additions $14,370,610
Deductions $4,504,161
Disbursed from fund to pay benefits or purchase annuities during the year $1,241,947
Administration charge made by carrier $24,075
Transferred to Separate Account $3,022,387
Other $215,752
Balance at the end of the current year $9,866,449