Retirement plan

NGK CERAMICS USA, INC. 401(K) RETIREMENT PLAN AND TRUST

Name: NGK CERAMICS USA, INC. - NGK CERAMICS USA, INC. 401(K) RETIREMENT PLAN AND TRUST (2020) Form 5500
Creator: NGK CERAMICS USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NGK CERAMICS USA, INC. 401(K) RETIREMENT PLAN AND TRUST, NGK CERAMICS USA, INC.

NGK CERAMICS USA, INC.EIN 23-2528289Plan #001PY 2020

119 MAZEPPA ROAD - MOORESVILLE, NC 28115704-664-7000ngkceramics.comLinkedIn501-1000 employeesautomotive

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$43.2M

+8.6% from 2019

Total participants

740

-2.6% from 2019

Average account balance

$71,437

+8.2% from 2019

Annual return

15.15%

-5.53 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.86M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

586

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.69M

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 3 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC1 year Service code 27 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Plan)	$68,872
WITHUMSMITH+BROWN, PC1 year Filed as: ADAMS, BROWN, BERAN & BALL CHTD Service code 10 · EIN 48-1040139	Accounting	$10,765
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$4,050

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$84K

$131 / participant

Contract admin$84K100.0%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ADAMSBROWN, LLC
Auditor EIN: 843541096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,437

$79,519-10.2%

$95,960-25.6%

$73,412-2.7%

Participation rate

78.9%

81.2%-2.3pp

77.1%+1.8pp

72.2%+6.7pp

Annual return

15.15%

19.20%-4.0pp

91.63%-76.5pp

59.30%-44.1pp

Employer contribution / active EE

$1,517

$2,048-25.9%

$2,541-40.3%

$2,234-32.1%

Participant deferral / active EE

$2,408

$4,138-41.8%

$4,167-42.2%

$3,806-36.7%

Admin fee / account holder

$138

$184-25.0%

$6,797-98.0%

$158-12.4%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC1 year

Service code 27

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Plan)

$68,872

WITHUMSMITH+BROWN, PC1 year

Filed as: ADAMS, BROWN, BERAN & BALL CHTD

Service code 10 · EIN 48-1040139

Accounting

$10,765

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$4,050

NGK CERAMICS USA, INC. 401(K) RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NGK CERAMICS USA, INC. 401(K) RETIREMENT PLAN AND TRUST

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