Retirement plan

SIGMUND COHN CORP. UNION EMPLOYEES' SAVINGS AND RETIREMENT PLAN

Name: SIGMUND COHN CORP. - SIGMUND COHN CORP. UNION EMPLOYEES' SAVINGS AND RETIREMENT PLAN (2021) Form 5500
Creator: SIGMUND COHN CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIGMUND COHN CORP. UNION EMPLOYEES' SAVINGS AND RETIREMENT PLAN, SIGMUND COHN CORP.

SIGMUND COHN CORP.EIN 13-1702045Plan #004PY 2021

121 SOUTH COLUMBUS AVENUE - MOUNT VERNON, NY 10553914-664-5300sigmundcohn.comLinkedIn51-200 employeesmining & metals

Other plans on this EIN

1 filing

#001Retirement-$8.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.6M

+3.9% from 2020

Total participants

-2.8% from 2020

Average account balance

$217,872

+6.9% from 2020

Annual return

8.15%

-12.95 pp from 2020

Benchmarks

See 14,567 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,567 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.59M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5426

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$637K

$21236 / participant

Other / not subdivided$637K100.0%

% of EOY assets

8.355%

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

$217,872

$86,298+152.5%

$111,308+95.7%

$85,847+153.8%

Participation rate

100.0%

73.3%+26.7pp

77.3%+22.7pp

69.3%+30.7pp

Annual return

8.15%

19.99%-11.8pp

54.67%-46.5pp

318.61%-310.5pp

Employer contribution / active EE

$2,809

$2,044+37.5%

$2,732+2.8%

$2,565+9.5%

Participant deferral / active EE

$7,796

$3,641+114.1%

$4,487+73.7%

$3,952+97.2%

Admin fee / account holder

$18,203

$8,189+122.3%

$7,965+128.5%

$6,261+190.7%

SIGMUND COHN CORP. UNION EMPLOYEES' SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIGMUND COHN CORP. UNION EMPLOYEES' SAVINGS AND RETIREMENT 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