Retirement plan

ATLANTIC CASTING & ENGINEERING CORP. UNION EMPLOYEES PROFIT SHARING PLAN

Name: ATLANTIC CASTING & ENGINEERING CORP. - ATLANTIC CASTING & ENGINEERING CORP. UNION EMPLOYEES PROFIT SHARING PLAN (2023) Form 5500
Creator: ATLANTIC CASTING & ENGINEERING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC CASTING & ENGINEERING CORP. UNION EMPLOYEES PROFIT SHARING PLAN, ATLANTIC CASTING & ENGINEERING CORP.

ATLANTIC CASTING & ENGINEERING CORP.EIN 22-0745345Plan #007PY 2023

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

Other plans on this EIN

1 filing

#006Retirement-$5.8M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.8M

+16.1% from 2022

Total participants

140

+4.5% from 2022

Average account balance

$12,741

+6.8% from 2022

Annual return

13.70%

+29.95 pp from 2022

Benchmarks

See 14,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,456 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

148

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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
RED BANK PENSION SERVICES, INC.3 years Service code 49	Other Services	$854
MORNINGSTAR6 years Service code 27	Advisory (Plan)	$265

Plan features & details

Pension benefit codes2E2J2F2G2K2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$8K

$85 / participant

Contract admin$8K100.0%

% of EOY assets

0.441%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: NISIVOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,741

$80,992-84.3%

$96,534-86.8%

$75,173-83.1%

Participation rate

97.8%

71.8%+26.0pp

76.0%+21.8pp

67.2%+30.6pp

Annual return

13.70%

27.05%-13.4pp

25.88%-12.2pp

160.72%-147.0pp

Employer contribution / active EE

$1,043

$2,283-54.3%

$2,965-64.8%

$2,671-60.9%

Participant deferral / active EE

$410

$3,929-89.6%

$4,851-91.6%

$4,126-90.1%

Admin fee / account holder

$56

$6,717-99.2%

$8,253-99.3%

$5,651-99.0%

Provider

Service type

Compensation

RED BANK PENSION SERVICES, INC.3 years

Service code 49

Other Services

$854

MORNINGSTAR6 years

Service code 27

Advisory (Plan)

$265

ATLANTIC CASTING & ENGINEERING CORP. UNION EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC CASTING & ENGINEERING CORP. 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