Retirement plan

SCHOTT CORPORATION 401(K) PLAN

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

SCHOTT CORPORATIONEIN 13-3342824Plan #002PY 2021

2 INTERNATIONAL DRIVE, SUITE 105 - RYE BROOK, NY 10573914-831-2212

Other plans on this EIN

1 filing

#001Retirement-$113.0M assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed April 28, 1995

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$169.7M

+11.8% from 2020

Total participants

1,389

+8.1% from 2020

Average account balance

$126,571

+3.5% from 2020

Annual return

12.07%

+0.86 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$172.89M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

1,258

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 9 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$142,614
MMA SECURITIES LLC4 years Filed as: MMC SECURITIES CORP Service code 27 · EIN 06-1685865	Advisory (Plan)	$38,221
BAKER TILLY US, LLP3 years Service code 10 · EIN 39-0859910	Accounting	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52	Indirect Investment Fees	$0
PGIM INVESTMENTS5 years Service code 52 · EIN 22-3468527	Indirect Investment Fees	$0
THE HARTFORD5 years Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.5 years Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY5 years Filed as: VOYA FUNDS Service code 52 · EIN 95-4516049	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

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.
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$181K

$201 / participant

Investment mgmt$38K21.1%
Contract admin$141K77.9%
Other / not subdivided$2K0.9%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER TILLY US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,571

$93,131+35.9%

$106,548+18.8%

$86,799+45.8%

Participation rate

94.7%

81.4%+13.2pp

76.1%+18.5pp

72.3%+22.4pp

Annual return

12.07%

19.45%-7.4pp

26.80%-14.7pp

97.91%-85.8pp

Employer contribution / active EE

$5,619

$2,895+94.1%

$2,819+99.3%

$2,405+133.6%

Participant deferral / active EE

$6,280

$4,708+33.4%

$4,398+42.8%

$4,131+52.0%

Admin fee / account holder

$135

$145-7.1%

$7,407-98.2%

$170-20.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$142,614

MMA SECURITIES LLC4 years

Filed as: MMC SECURITIES CORP

Service code 27 · EIN 06-1685865

Advisory (Plan)

$38,221

BAKER TILLY US, LLP3 years

Service code 10 · EIN 39-0859910

Accounting

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52

Indirect Investment Fees

PGIM INVESTMENTS5 years

Service code 52 · EIN 22-3468527

Indirect Investment Fees

THE HARTFORD5 years

Service code 52 · EIN 22-2937447

Indirect Investment Fees

THE VANGUARD GROUP, INC.5 years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Filed as: VOYA FUNDS

Service code 52 · EIN 95-4516049

Indirect Investment Fees

SCHOTT CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHOTT CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

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