Retirement plan

HAYNES GROUP INCORPORATED 401(K) PROFIT SHARING PLAN

Name: HAYNES GROUP INC. - HAYNES GROUP INCORPORATED 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HAYNES GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAYNES GROUP INCORPORATED 401(K) PROFIT SHARING PLAN, HAYNES GROUP INC.

HAYNES GROUP INC.EIN 06-1244852Plan #003PY 2020

220-2F MAIN STREET - OXFORD, CT 06478203-888-8179gohaynes.comLinkedIn51-200 employeesreal estate

Prospect flagsHigh retiree %Low participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$7M

+4.5% from 2019

Total participants

159

+16.9% from 2019

Average account balance

$59,976

-2.6% from 2019

Annual return

12.58%

-5.63 pp from 2019

Benchmarks

See 270 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort270 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.66M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MARINER LLC1 year Filed as: MARINER FINANCIAL GROUP, LLC Service code 27 · EIN 20-5436589 22 EASTERN BVLD · GLASTONBURY, CT 06033	Advisory (Plan)	$11,940
AMERICAN FUNDS5 years Filed as: CAPITAL RESARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$8,771
JIM HALLINAN PENSION CONSULTING LLC4 years Filed as: JIM HALLINAN PENSION CONSULTING, LL Service code 13 · EIN 51-0523358 77 SOUTH MAIN STREET · WEST HARTFORD, CT 06107	Contract Administrator	$8,025

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$27K

$232 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NICOLA, YESTER & COMPANY, PC
Auditor EIN: 061181787
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,976

$72,554-17.3%

$138,135-56.6%

$73,497-18.4%

Participation rate

63.5%

74.8%-11.4pp

78.7%-15.2pp

70.7%-7.2pp

Annual return

12.58%

17.50%-4.9pp

20.51%-7.9pp

28.51%-15.9pp

Employer contribution / active EE

$991

$3,511-71.8%

$5,587-82.3%

$2,270-56.3%

Participant deferral / active EE

$2,811

$4,908-42.7%

$6,431-56.3%

$3,740-24.8%

Admin fee / account holder

$228

$464-50.9%

$11,856-98.1%

$513-55.6%

Provider

Service type

Compensation

MARINER LLC1 year

Filed as: MARINER FINANCIAL GROUP, LLC

Service code 27 · EIN 20-5436589

22 EASTERN BVLD · GLASTONBURY, CT 06033

Advisory (Plan)

$11,940

AMERICAN FUNDS5 years

Filed as: CAPITAL RESARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$8,771

JIM HALLINAN PENSION CONSULTING LLC4 years

Filed as: JIM HALLINAN PENSION CONSULTING, LL

Service code 13 · EIN 51-0523358

77 SOUTH MAIN STREET · WEST HARTFORD, CT 06107

Contract Administrator

$8,025

HAYNES GROUP INCORPORATED 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAYNES GROUP INCORPORATED 401(K) PROFIT SHARING 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