Retirement plan

ATLANTIC CASTING & ENGINEERING CORP. NON-UNION EMPLOYEES PROFIT SHARING PLAN

Name: ATLANTIC CASTING & ENGINEERING CORP. - ATLANTIC CASTING & ENGINEERING CORP. NON-UNION EMPLOYEES PROFIT SHARING PLAN (2020) Form 5500
Creator: ATLANTIC CASTING & ENGINEERING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC CASTING & ENGINEERING CORP. NON-UNION EMPLOYEES PROFIT SHARING PLAN, ATLANTIC CASTING & ENGINEERING CORP.

ATLANTIC CASTING & ENGINEERING CORP.EIN 22-0745345Plan #006PY 2020

810 BLOOMFIELD AVENUE - CLIFTON, NJ 07012973-779-2450atlantic-ce.comLinkedIn201-500 employeesmining & metals

Other plans on this EIN

1 filing

#007Retirement-$1.5M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$6.3M

+17.1% from 2019

Total participants

104

+11.8% from 2019

Average account balance

$62,414

-14.2% from 2019

Annual return

10.80%

-8.05 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.75M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

158

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$725K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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

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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$279K

$3619 / participant

Other / not subdivided$279K100.0%

% of EOY assets

4.421%

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

$62,414

$78,428-20.4%

$95,960-35.0%

$79,852-21.8%

Participation rate

96.1%

73.5%+22.6pp

77.1%+19.0pp

69.6%+26.5pp

Annual return

10.80%

19.37%-8.6pp

91.63%-80.8pp

31.72%-20.9pp

Employer contribution / active EE

$3,101

$1,945+59.4%

$2,541+22.0%

$2,471+25.5%

Participant deferral / active EE

$4,917

$3,440+42.9%

$4,167+18.0%

$3,740+31.5%

Admin fee / account holder

$2,759

$5,622-50.9%

$6,797-59.4%

$5,306-48.0%

ATLANTIC CASTING & ENGINEERING CORP. NON-UNION EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC CASTING & ENGINEERING CORP. NON-UNION EMPLOYEES PROFIT SHARING 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