Retirement plan

PENSION PLAN FOR HOURLY RATED EMPLOYEES OF WASHINGTON MILLS ELECTRO MINERALS CORPORATION

Name: WASHINGTON MILLS ELECTRO MINERALS CORPORATION - PENSION PLAN FOR HOURLY RATED EMPLOYEES OF WASHINGTON MILLS ELECTRO MINERALS CORPORATION (2020) Form 5500
Creator: WASHINGTON MILLS ELECTRO MINERALS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN FOR HOURLY RATED EMPLOYEES OF WASHINGTON MILLS ELECTRO MINERALS CORPORATION, WASHINGTON MILLS ELECTRO MINERALS CORPORATION

WASHINGTON MILLS ELECTRO MINERALS CORPORATIONEIN 16-1289440Plan #002PY 2020

1000 E NIAGARA ST. - TONAWANDA, NY 14150716-693-4550

Other plans on this EIN

1 filing

#003Retirement-$3.8M assets

Prospect flagsHigh retiree %Low participationWind-down / frozen

How to read this page

Total assets (EOY)

$10.6M

+7.2% from 2019

Total participants

146

-5.2% from 2019

Average account balance

No prior year

Annual return

13.16%

-7.13 pp from 2019

Benchmarks

See 146 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined benefit

Participants<25

Cohort146 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-98.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
EATON VANCE4 years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT4 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
RIDGEWORTH4 years Service code 52 · EIN 95-6981193	Indirect Investment Fees	$0

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B3H

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

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: STOWE & DEGON LLC
Auditor EIN: 043379904
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$793,067-100.0%

$254,173-100.0%

Participation rate

0.0%

18.2%-18.2pp

9.1%-9.1pp

43.0%-43.0pp

Annual return

13.16%

3.18%+10.0pp

10.21%+3.0pp

259.17%-246.0pp

Employer contribution / active EE

$54,473-100.0%

$40,687-100.0%

$41,471-100.0%

Participant deferral / active EE

$153-100.0%

Admin fee / account holder

$21,502-100.0%

Provider

Service type

Compensation

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

EATON VANCE4 years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT4 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

RIDGEWORTH4 years

Service code 52 · EIN 95-6981193

Indirect Investment Fees

PENSION PLAN FOR HOURLY RATED EMPLOYEES OF WASHINGTON MILLS ELECTRO MINERALS CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

PENSION PLAN FOR HOURLY RATED EMPLOYEES OF WASHINGTON MILLS ELECTRO MINERALS CORPORATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion