Retirement plan

SABIN METAL CORPORATION 401(K) SAVINGS PLAN

Name: SABIN METAL CORPORATION - SABIN METAL CORPORATION 401(K) SAVINGS PLAN (2021) Form 5500
Creator: SABIN METAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SABIN METAL CORPORATION 401(K) SAVINGS PLAN, SABIN METAL CORPORATION

SABIN METAL CORPORATIONEIN 11-1736129Plan #003PY 2021

300 PANTIGO PL STE 102 - EAST HAMPTON, NY 11937631-329-1717sabinmetal.comLinkedIn201-500 employeesmining & metals

Other plans on this EIN

1 filing

#001Retirement-$41.2M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$36.1M

+14.3% from 2020

Total participants

511

+6.7% from 2020

Average account balance

$70,620

+6.9% from 2020

Annual return

14.14%

-7.98 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.37M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

537

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

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

+13.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$64,460
PROCYON INSTITUTIONAL PARTNERS LLC2 years Service code 15 · EIN 82-1597862	Recordkeeping	$49,965
ADP BROKER-DEALER7+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$114K

$432 / participant

Other / not subdivided$114K100.0%

% of EOY assets

0.317%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BUCHBINDER TUNICK & COMPANY LLP
Auditor EIN: 131578842
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,620

$185,342-61.9%

$111,308-36.6%

$86,821-18.7%

Participation rate

100.0%

81.0%+19.0pp

77.3%+22.7pp

72.3%+27.7pp

Annual return

14.14%

500.80%-486.7pp

54.67%-40.5pp

97.94%-83.8pp

Employer contribution / active EE

$4,739

$2,246+111.0%

$2,732+73.5%

$2,406+97.0%

Participant deferral / active EE

$4,214

$4,458-5.5%

$4,487-6.1%

$4,132+2.0%

Admin fee / account holder

$224

$255-12.3%

$7,965-97.2%

$170+32.0%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$64,460

PROCYON INSTITUTIONAL PARTNERS LLC2 years

Service code 15 · EIN 82-1597862

Recordkeeping

$49,965

ADP BROKER-DEALER7+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

SABIN METAL CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SABIN METAL CORPORATION 401(K) 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