Retirement plan

SABIN METAL CORPORATION 401(K) SAVINGS PLAN

Name: SABIN METAL CORPORATION - SABIN METAL CORPORATION 401(K) SAVINGS PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$32.3M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.3M

-24.4% from 2021

Total participants

520

+1.8% from 2021

Average account balance

$52,477

-25.7% from 2021

Annual return

-17.88%

-32.03 pp from 2021

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$67,708
PROCYON INSTITUTIONAL PARTNERS LLC1 year Filed as: PROCYON ADVISORS, LLC Service code 15 · EIN 82-1652002	Recordkeeping	$37,397
PROCYON INSTITUTIONAL PARTNERS LLC3 years Service code 15 · EIN 82-1597862	Recordkeeping	$12,602
ADP BROKER-DEALER8+ 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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$118K

$454 / participant

Other / not subdivided$118K100.0%

% of EOY assets

0.431%

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

$52,477

$72,303-27.4%

$86,698-39.5%

$64,824-19.0%

Participation rate

100.0%

80.4%+19.6pp

76.6%+23.4pp

71.5%+28.5pp

Annual return

-17.88%

392.77%-410.7pp

35.96%-53.8pp

32.84%-50.7pp

Employer contribution / active EE

$5,001

$2,393+109.0%

$2,837+76.3%

$2,507+99.5%

Participant deferral / active EE

$4,120

$4,660-11.6%

$4,656-11.5%

$4,311-4.4%

Admin fee / account holder

$226

$174+30.1%

$7,492-97.0%

$188+20.5%

Provider

Service type

Compensation

ADP BROKER-DEALER3 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$67,708

PROCYON INSTITUTIONAL PARTNERS LLC1 year

Filed as: PROCYON ADVISORS, LLC

Service code 15 · EIN 82-1652002

Recordkeeping

$37,397

PROCYON INSTITUTIONAL PARTNERS LLC3 years

Service code 15 · EIN 82-1597862

Recordkeeping

$12,602

ADP BROKER-DEALER8+ 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