Retirement plan

UNITED ALUMINUM CORPORATION HOURLY EMPLOYEES SAVINGS PLAN

Name: UNITED ALUMINUM CORPORATION - UNITED ALUMINUM CORPORATION HOURLY EMPLOYEES SAVINGS PLAN (2024) Form 5500
Creator: UNITED ALUMINUM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED ALUMINUM CORPORATION HOURLY EMPLOYEES SAVINGS PLAN, UNITED ALUMINUM CORPORATION

UNITED ALUMINUM CORPORATIONEIN 06-0572100Plan #005PY 2024

100 UNITED DRIVE - NORTH HAVEN, CT 064733218203-239-5881unitedaluminum.comLinkedIn51-200 employeesconsumer goods

Other plans on this EIN

2 filings

#003Retirement-$39.8M assets #001Retirement-$7.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.3M

+1.2% from 2023

Total participants

-3.9% from 2023

Average account balance

$72,155

+5.3% from 2023

Annual return

11.38%

-6.45 pp from 2023

Benchmarks

See 14,176 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,176 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.34M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

110.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$388K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13617

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$15040 / participant

Other / not subdivided$1M100.0%

% of EOY assets

18.872%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,155

$86,922-17.0%

$102,438-29.6%

$80,874-10.8%

Participation rate

100.0%

72.4%+27.6pp

76.5%+23.5pp

67.6%+32.4pp

Annual return

11.38%

18.90%-7.5pp

29.37%-18.0pp

35.62%-24.2pp

Employer contribution / active EE

$1,286

$2,369-45.7%

$3,024-57.5%

$2,756-53.3%

Participant deferral / active EE

$4,505

$4,119+9.4%

$5,054-10.8%

$4,297+4.8%

Admin fee / account holder

$13,617

$8,050+69.2%

$9,448+44.1%

$6,935+96.3%

UNITED ALUMINUM CORPORATION HOURLY EMPLOYEES SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED ALUMINUM CORPORATION HOURLY EMPLOYEES SAVINGS 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