Retirement plan

FEDERAL BRONZE CASTING INDUSTRIES, INC PROFIT SHARING PLAN

Name: FEDERAL BRONZE CASTING INDUSTRIES, INC. - FEDERAL BRONZE CASTING INDUSTRIES, INC PROFIT SHARING PLAN (2023) Form 5500
Creator: FEDERAL BRONZE CASTING INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEDERAL BRONZE CASTING INDUSTRIES, INC PROFIT SHARING PLAN, FEDERAL BRONZE CASTING INDUSTRIES, INC.

FEDERAL BRONZE CASTING INDUSTRIES, INC.EIN 22-3051414Plan #002PY 2023

9 BACKUS STREET - NEWARK, NJ 07105973-589-7575

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.1M

+20.2% from 2022

Total participants

+4.6% from 2022

Average account balance

$92,871

+16.6% from 2022

Annual return

15.22%

+30.37 pp from 2022

Benchmarks

See 14,453 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,453 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.93M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

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.

257.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$357K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6408

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

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 codes2E3D2G2J2F2T

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$57K

$2271 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.926%

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

$92,871

$80,983+14.7%

$96,544-3.8%

$75,177+23.5%

Participation rate

92.0%

71.8%+20.2pp

76.0%+16.0pp

67.2%+24.8pp

Annual return

15.22%

27.05%-11.8pp

25.88%-10.7pp

160.75%-145.5pp

Employer contribution / active EE

$3,810

$2,282+66.9%

$2,966+28.5%

$2,671+42.7%

Participant deferral / active EE

$7,746

$3,929+97.2%

$4,851+59.7%

$4,126+87.7%

Admin fee / account holder

$860

$6,717-87.2%

$8,254-89.6%

$5,651-84.8%

FEDERAL BRONZE CASTING INDUSTRIES, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEDERAL BRONZE CASTING INDUSTRIES, INC 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