Retirement plan

LEHIGH HEAVY FORGE CORPORATION UNION 401(K) SAVINGS PLAN & TRUST

Name: LEHIGH HEAVY FORGE CORPORATION - LEHIGH HEAVY FORGE CORPORATION UNION 401(K) SAVINGS PLAN & TRUST (2023) Form 5500
Creator: LEHIGH HEAVY FORGE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEHIGH HEAVY FORGE CORPORATION UNION 401(K) SAVINGS PLAN & TRUST, LEHIGH HEAVY FORGE CORPORATION

LEHIGH HEAVY FORGE CORPORATIONEIN 23-2914528Plan #002PY 2023

275 EMERY STREET - BETHLEHEM, PA 18015610-332-8108lhforge.comLinkedIn201-500 employeesdefense & space

Other plans on this EIN

1 filing

#001Retirement-$9.9M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.2M

+2.6% from 2022

Total participants

183

+8.3% from 2022

Average account balance

$66,009

+2.0% from 2022

Annual return

13.87%

+28.29 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.13M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

159

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$724K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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
WELLS FARGO BANK, N.A.9+ years Filed as: WELLS FARGO ADVISORS FIN NETWORK LL Service code 27 1NORTH JEFFERSON AVE · ST LOUIS, MO 63103	Advisory (Plan)	$26,757
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,839
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,066

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$47K

$382 / participant

Recordkeeping$12K25.4%
Investment mgmt$35K74.6%

% of EOY assets

0.418%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN & MOORE, LTD
Auditor EIN: 341818258
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,009

$76,112-13.3%

$96,534-31.6%

$71,511-7.7%

Participation rate

88.5%

74.4%+14.1pp

76.0%+12.5pp

67.9%+20.6pp

Annual return

13.87%

22.81%-8.9pp

25.88%-12.0pp

28.86%-15.0pp

Employer contribution / active EE

$2,663

$2,248+18.4%

$2,965-10.2%

$2,589+2.8%

Participant deferral / active EE

$3,445

$4,217-18.3%

$4,851-29.0%

$4,291-19.7%

Admin fee / account holder

$276

$2,708-89.8%

$8,253-96.7%

$1,588-82.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.9+ years

Filed as: WELLS FARGO ADVISORS FIN NETWORK LL

Service code 27

1NORTH JEFFERSON AVE · ST LOUIS, MO 63103

Advisory (Plan)

$26,757

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,839

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,066

LEHIGH HEAVY FORGE CORPORATION UNION 401(K) SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEHIGH HEAVY FORGE CORPORATION UNION 401(K) SAVINGS PLAN & 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