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FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year01/01/2011 — 12/31/2011
  • Date of Plan09/01/1953
  • Net Assets as of 12/31/2011 $38,501,587
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2011

  • Active (Eligible) Participants1,923
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits86
  • Subtotal2,013
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total2,013
  • Total number of participants as of 01/01/20111,716
  • Number of participants with account balances1,498
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested314

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 NameSteel Warehouse Co., LLC
  • 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.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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 $36,469
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? No
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 $4,035,068
Contributions $4,355,861
Cash Contributions $4,355,861
Cash from Employers $1,416,025
Cash from Participants $2,581,016
Others (including rollovers) $358,820
Noncash Contributions $0
Total Earnings on Investments $-320,793
Total Interest $372,145
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $49,760
Interest from Other Investments $322,385
Total Dividends $70,052
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $33,309
Aggregate Proceeds $766,232
Aggregate Carrying Amount $732,923
Total Unrealized Appreciation (depreciation) of assets $-7
Real Estate $0
Other $-7
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $-797,064
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 $772
Other Income $0
Expenses $1,974,400
Total Benefit Payments $1,878,649
Directly to participants or beneficiaries, including direct rollovers $1,873,353
To insurance carriers for the provision of benefits $5,296
Other Benefit Payment Fees $0
Corrective Distributions $2,608
Certain deemed distributions of participant loans $33,046
Interest expense $0
Total Administrative Expenses $60,097
Professional Fees $18,800
Contract Administrator Fees $34,318
Investment Advisory and management fees $1,108
Other Administrative Fees $5,871
Net Income $2,060,668
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $14,363

Asset and Liability Statement

12/31/2011 12/31/2010 Change YOY
Total Assets $38,501,587 $36,436,583 5.67%
Total noninterest-bearing cash $5,403 $0 0.0%
Receivables $4,923 $6,021 -18.24%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $4,923 $6,021 -18.24%
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 $1,141,474 $1,071,380 6.54%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $23,526,841 $23,463,226 0.27%
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 $2,131,216 $2,029,507 5.01%
Value of funds held in insurance co. general account $11,691,730 $9,866,449 18.50%
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 $0 $-711 -100.00%
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) $0 $-711 -100.00%
Net Assets $38,501,587 $36,437,294 5.67%

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 $61,552 $61,552
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 Contract Administrator $40,187 $0 $40,187
Richard Taylor Kerby Insurance brokerage commissions and fees Shareholder Service Provi $0 $26,380 $26,380
Jurgonski & Fredlake CPAS Accounting (including auditing), Direct payment from the plan Auditor $18,800 $0 $18,800
Total $58,987 $87,932 $146,919

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 $61,552
Massachusetts Mutual Life Ins. Co. Prem Inflat-Prot and Incm Babson Other investment fees and expenses Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Premier Money Market 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. Sel Gr Opportnts Sands/Delaware 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. Sel Blue Chip Growth T.Rowe Price Other investment fees and expenses 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 Basis Points * Plan Assets $0
Massachusetts Mutual Life Ins. Co. Global Allocation Ofi Sub-transfer agency 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. 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. Adv Spec Mid Cap Val Wells Fargo 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. Premier Capital Appreciation 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 $26,380
*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 $2,309,653
Sia-Av Select Focused Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,999,446
Sia-At Select Mid Cap Gr II Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,873,183
Sia-Wz Select Pimco Total Return Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,823,788
Sia-Rr Adv Spec Mid Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,783,319
Sia-Od Premier Global Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,579,919
Sia-W5 Spectrum Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,508,664
Sia-Ad Sel Gr Opportnts Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,325,736
Sia-Wr Int'L New Discovery Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,202,401
Sia-Vi Leveraged Co Stck Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $1,022,513
Sia-Xt Retirement 2030 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $885,721
Sia-Dh Premier High Yield Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $828,552
Sia-Ob Global Allocation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $653,996
Sia-Zt Retirement 2040 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $653,765
Sia-Ac Select Sm Cap Gr Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $582,530
Sia-Vt Retirement 2020 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $574,484
Sia-Ax Select Indexed Eqty Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $488,864
Sia-Ut Retirement 2050 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $487,753
Sia-A1 Sel Blue Chip Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $470,015
Sia-Rt Retirement Income Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $453,916
Sia-St Retirement 2010 Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $414,984
Sia-Hf Small Cap Val Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $410,158
Sia-Th Europacific Growth Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $183,608
Sia-Ag Premier Money Market Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $5,206
Sia-Y Prem Inflat-Prot and Incm Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $4,665
Sia-Fm Blue Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-C4 Small- & Mid- Cap Value Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Sia-Oc Premier Capital Appreciation Massachusetts Mutual Life Insurance DFE: Pooled Separate Account $0
Total $23,526,839

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Massachusetts Mutual Life Insurance Company 2,013
EIN 04-1590850
Industry Code 65935
Contract Number SF 51622
Contract Year 01/01/2011 — 12/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $23,526,841
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 $9,866,449
Additions $7,270,346
Contributions Deposited during the year $3,997,042
Dividends and credits $0
Interest credited during the year $322,383
Transferred from separate account $1,830,947
Other $1,119,974
Total of Balance and Additions $17,136,795
Deductions $5,445,065
Disbursed from fund to pay benefits or purchase annuities during the year $943,944
Administration charge made by carrier $34,618
Transferred to Separate Account $4,236,149
Other $230,354
Balance at the end of the current year $11,691,730
Massachusetts Mutual Life Insurance Company 4
EIN 04-1590850
Industry Code 65935
Contract Number 3182875
Contract Year 11/01/2010 — 10/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Gregory A. Mcroberts 900 E 96th St Ste 300 Indianapolis, IN 46240 -3876 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Individual Policies
Basis of premium rates
Premiums paid to carrier $3,990
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Massachusetts Mutual Life Insurance Company 2
EIN 04-1590850
Industry Code 65935
Contract Number 4130733
Contract Year 11/01/2010 — 10/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Dale J. Seymour 1760 Manley Rd Maumee, OH 43537 -9400 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Individual Policies
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
C.M. Life Insurance Company 2
EIN 06-1041383
Industry Code 93432
Contract Number 70042170
Contract Year 11/01/2010 — 10/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Gregory A Mcroberts 900 E 96th St Ste 300 Indianapolis, IN 46240 -3876 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Individual Policies
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Massachusetts Mutual Life Insurance Company 1
EIN 04-1590850
Industry Code 65935
Contract Number 6029454
Contract Year 11/01/2010 — 10/31/2011
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Gregory A. Mcroberts 900 E 96th St Ste 300 Indianapolis, IN 46240 -3876 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Individual Policies
Basis of premium rates
Premiums paid to carrier $2,011
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 Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0