Retirement plan

GENERAL RETIREMENT PLAN FOR EMPLOYEES OF CARPENTER TECHNOLOGY CORPORATION

Name: CARPENTER TECHNOLOGY CORPORATION - GENERAL RETIREMENT PLAN FOR EMPLOYEES OF CARPENTER TECHNOLOGY CORPORATION (2024) Form 5500
Creator: CARPENTER TECHNOLOGY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL RETIREMENT PLAN FOR EMPLOYEES OF CARPENTER TECHNOLOGY CORPORATION, CARPENTER TECHNOLOGY CORPORATION

CARPENTER TECHNOLOGY CORPORATIONEIN 23-0458500Plan #010PY 2024

101 W. BERN STREET - READING, PA 19601610-208-2000carpentertechnology.comLinkedIn1001-5000 employeesconsumer goods

Other plans on this EIN

3 filings

#020Retirement-$885.4M assets #002Retirement-$79.3M assets #019Retirement-$40.0M assets

Prospect flagsHigh retiree %

Top hat statement on fileNQDC

Filed May 18, 2001 (most recent of 6 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$431.5M

-6.5% from 2016

Total participants

3,513

+2.7% from 2016

Average account balance

No prior year

Annual return

1.52%

-7.54 pp from 2016

Benchmarks

See 189 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants250-999

Cohort189 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$431.51M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

2,668

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$65K

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

+1.52%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC3 years Service code 11 1735 MARKET STREET · PHILADELPHIA, PA 19103	Actuarial	$637,376
ALIGHT SOLUTIONS LLC1 year Filed as: ALIGHT SOLUTIONS, LLC Service code 15 · EIN 82-1061233	Recordkeeping	$287,190
JPMORGAN INVEST HOLDINGS LLC3 years Filed as: JP MORGAN CHASE BANK, N.A. Service code 21 · EIN 13-4994650	Bank Trustee	$213,687
BLACKROCK10+ years Filed as: BLACKROCK CAPITAL MANAGEMENT, INC. Service code 28 · EIN 13-3806691	Investment Management	$49,360
SCHNEIDER DOWNS & CO., INC.1 year Filed as: SCHNEIDER DOWNS & CO., INC Service code 10 · EIN 25-1408703	Accounting	$28,833
MPS COMMUNICATIONS1 year Filed as: MPS COMMUNICATION Service code 49 1000 N CANNON AVENUE · LANSDALE, PA 19446	Other Services	$20,641
INDEPENDENT INSURANCE ANALYSTS LLC5 years Service code 49 · EIN 13-4206965	Other Services	$7,500

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1B1C1E3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$4.6M

$5439 / participant

Recordkeeping$287K6.2%
Trustee / custodial$200K4.4%
Investment mgmt$462K10.1%
Actuarial$225K4.9%
Other / not subdivided$3M74.4%

% of EOY assets

1.065%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: $28,833
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,128-100.0%

Participation rate

0.0%

0.0%0pp

12.2%-12.2pp

0.0%0pp

Annual return

1.52%

7.96%-6.4pp

5.04%-3.5pp

8.76%-7.2pp

Employer contribution / active EE

$65,365

$15,125+332.2%

$26,454+147.1%

$16,664+292.2%

Participant deferral / active EE

$518-100.0%

$78-100.0%

$948-100.0%

Admin fee / account holder

$16,625-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC3 years

Service code 11

1735 MARKET STREET · PHILADELPHIA, PA 19103

Actuarial

$637,376

ALIGHT SOLUTIONS LLC1 year

Filed as: ALIGHT SOLUTIONS, LLC

Service code 15 · EIN 82-1061233

Recordkeeping

$287,190

JPMORGAN INVEST HOLDINGS LLC3 years

Filed as: JP MORGAN CHASE BANK, N.A.

Service code 21 · EIN 13-4994650

Bank Trustee

$213,687

BLACKROCK10+ years

Filed as: BLACKROCK CAPITAL MANAGEMENT, INC.

Service code 28 · EIN 13-3806691

Investment Management

$49,360

SCHNEIDER DOWNS & CO., INC.1 year

Filed as: SCHNEIDER DOWNS & CO., INC

Service code 10 · EIN 25-1408703

Accounting

$28,833

MPS COMMUNICATIONS1 year

Filed as: MPS COMMUNICATION

Service code 49

1000 N CANNON AVENUE · LANSDALE, PA 19446

Other Services

$20,641

INDEPENDENT INSURANCE ANALYSTS LLC5 years

Service code 49 · EIN 13-4206965

Other Services

$7,500

GENERAL RETIREMENT PLAN FOR EMPLOYEES OF CARPENTER TECHNOLOGY CORPORATION

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL RETIREMENT PLAN FOR EMPLOYEES OF CARPENTER TECHNOLOGY CORPORATION

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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