Retirement plan

GLOBE METALLURGICAL, INC. RETIREMENT SAVINGS PLAN

Name: GLOBE METALLURGICAL, INC. - GLOBE METALLURGICAL, INC. RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: GLOBE METALLURGICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBE METALLURGICAL, INC. RETIREMENT SAVINGS PLAN, GLOBE METALLURGICAL, INC.

GLOBE METALLURGICAL, INC.EIN 20-5573569Plan #001PY 2022

1595 SPARLING RD. - WATERFORD, OH 457866105740-984-2361

Other plans on this EIN

4 filings

#007Retirement-$1.0M assets #003Retirement--#004Retirement--#005Retirement--

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$53.7M

-18.8% from 2021

Total participants

1,081

+4.3% from 2021

Average account balance

$59,915

-25.3% from 2021

Annual return

-16.69%

-29.83 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

$65.90M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

807

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.00M

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$129,496
HIGHLAND CONSULTING ASSOCIATES2 years Filed as: HIGHLANDS CONSULTING Service code 27 · EIN 34-1753575	Advisory (Plan)	$16,721

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

$146K

$151 / participant

Investment mgmt$17K11.4%
Contract admin$129K88.6%

% of EOY assets

0.272%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SISTERSON & CO. LLP
Auditor EIN: 251467156
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,915

$72,303-17.1%

$86,691-30.9%

$64,814-7.6%

Participation rate

80.8%

80.4%+0.4pp

76.6%+4.3pp

71.5%+9.4pp

Annual return

-16.69%

392.77%-409.5pp

35.94%-52.6pp

32.84%-49.5pp

Employer contribution / active EE

$1,327

$2,393-44.5%

$2,837-53.2%

$2,507-47.1%

Participant deferral / active EE

$3,470

$4,660-25.5%

$4,656-25.5%

$4,310-19.5%

Admin fee / account holder

$163

$174-6.2%

$7,492-97.8%

$188-13.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$129,496

HIGHLAND CONSULTING ASSOCIATES2 years

Filed as: HIGHLANDS CONSULTING

Service code 27 · EIN 34-1753575

Advisory (Plan)

$16,721

GLOBE METALLURGICAL, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBE METALLURGICAL, INC. RETIREMENT 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