Retirement plan

PENSION PLAN FOR EMPLOYEES OF KOPP GLASS, INC.

Name: KOPP GLASS, INC. - PENSION PLAN FOR EMPLOYEES OF KOPP GLASS, INC. (2022) Form 5500
Creator: KOPP GLASS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN FOR EMPLOYEES OF KOPP GLASS, INC., KOPP GLASS, INC.

KOPP GLASS, INC.EIN 25-0600020Plan #002PY 2022

2108 PALMER STREET - PITTSBURGH, PA 152182516412-271-0190koppglass.comLinkedIn51-200 employeesglass, ceramics & concrete

Other plans on this EIN

2 filings

#003Retirement-$6.5M assets #004Retirement-$4.8M assets

Prospect flagsHigh retiree %Low employer contributionLow participant contributionWind-down / frozen

How to read this page

Total assets (EOY)

$19.5M

-20.4% from 2021

Total participants

192

-2.0% from 2021

Average account balance

No prior year

Annual return

-15.15%

-45.53 pp from 2021

Benchmarks

See 247 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined benefit

Participants25-99

Cohort247 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$19.27M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

114

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

$530K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+3.16%

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 4 by compensation

Provider	Service type	Compensation
FIRST STATE TRUST COMPANY6 years Service code 28 · EIN 13-3124172 DELAWARE CORPORATE CENTER I · WILMINGTON, DE 19803	Investment Management	$152,674
DUNBAR, BENDER & ZAPF, INC.7+ years Service code 11 · EIN 25-1650062 437 GRANT STREET · PITTSBURGH, PA 152196114	Actuarial	$15,900
SCHNEIDER DOWNS & CO., INC.7+ years Service code 10 · EIN 25-1408703 ONE PPG PLACE · PITTSBURGH, PA 152225416	Accounting	$10,800
MEYER, UNKOVIC & SCOTT3 years Filed as: MEYER UNKOVIC SCOTT LLP Service code 29 535 SMITHFIELD STREET, SUITE 1300 · PITTSBURGH, PA 15222	Legal	$6,165

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A3D

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).
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$316K

$10549 / participant

Investment mgmt$150K47.3%
Other / not subdivided$167K52.7%

% of EOY assets

1.620%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,843-100.0%

$53,690-100.0%

$107,032-100.0%

Participation rate

0.0%

5.0%-5.0pp

8.6%-8.6pp

9.9%-9.9pp

Annual return

-15.15%

-10.02%-5.1pp

-4.80%-10.3pp

-5.25%-9.9pp

Employer contribution / active EE

$10,293-100.0%

$30,897-100.0%

$15,161-100.0%

Participant deferral / active EE

$88-100.0%

$64-100.0%

$120-100.0%

Admin fee / account holder

$3,859-100.0%

$40,849-100.0%

$3,859-100.0%

Provider

Service type

Compensation

FIRST STATE TRUST COMPANY6 years

Service code 28 · EIN 13-3124172

DELAWARE CORPORATE CENTER I · WILMINGTON, DE 19803

Investment Management

$152,674

DUNBAR, BENDER & ZAPF, INC.7+ years

Service code 11 · EIN 25-1650062

437 GRANT STREET · PITTSBURGH, PA 152196114

Actuarial

$15,900

SCHNEIDER DOWNS & CO., INC.7+ years

Service code 10 · EIN 25-1408703

ONE PPG PLACE · PITTSBURGH, PA 152225416

Accounting

$10,800

MEYER, UNKOVIC & SCOTT3 years

Filed as: MEYER UNKOVIC SCOTT LLP

Service code 29

535 SMITHFIELD STREET, SUITE 1300 · PITTSBURGH, PA 15222

Legal

$6,165

PENSION PLAN FOR EMPLOYEES OF KOPP GLASS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN FOR EMPLOYEES OF KOPP GLASS, INC.

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