Retirement plan

HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN

Name: HOWMET AEROSPACE INC. - HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: HOWMET AEROSPACE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN, HOWMET AEROSPACE INC.

HOWMET AEROSPACE INC.EIN 25-0317820Plan #008PY 2021

201 ISABELLA STREET, SUITE 200 - PITTSBURGH, PA 152125872412-553-4545howmet.comLinkedIn10001+ employeesaviation & aerospace

Other plans on this EIN

2 filings

#007Retirement-$1.09B assets #001Retirement-$1.03B assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed June 19, 2020 (most recent of 8 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

201 Isabella Street

Pittsburgh, PA 15212

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Plans declared (13)

Howmet Aerospace Deferred Compensation Plan372 emp
Howmet Aerospace Excess Benefits Plan A56 emp
Howmet Aerospace Excess Benefits Plan B *53 emp
Howmet Aerospace Excess Benefits Plan C797 emp
Howmet Aerospace Supplemental Pension Plan for Senior Executives *21 emp
+8 more

Total covered: 1,371 employees

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Total assets (EOY)

$873M

+77.9% from 2016

Total participants

10,222

+63.4% from 2016

Average account balance

$86,512

+8.8% from 2016

Annual return

15.80%

+32.71 pp from 2016

Benchmarks

See 127 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort127 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$952.39M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

12,264

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.66%

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

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 codes2F2G2J2K2O2R2S2T3H

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,512

$134,619-35.7%

$111,319-22.3%

$101,555-14.8%

Participation rate

98.4%

89.0%+9.4pp

77.3%+21.1pp

74.5%+23.8pp

Annual return

15.80%

17.96%-2.2pp

54.68%-38.9pp

21.00%-5.2pp

Employer contribution / active EE

$3,856

$3,829+0.7%

$2,732+41.2%

$2,972+29.7%

Participant deferral / active EE

$4,206

$6,572-36.0%

$4,488-6.3%

$4,874-13.7%

Admin fee / account holder

$86-100.0%

$7,966-100.0%

$139-100.0%

HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (13)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HOWMET AEROSPACE HOURLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (13)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion