Retirement plan

MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN

Name: MINERALS TECHNOLOGIES INC. - MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN (2018) Form 5500
Creator: MINERALS TECHNOLOGIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN, MINERALS TECHNOLOGIES INC.

MINERALS TECHNOLOGIES INC.EIN 25-1190717Plan #002PY 2018

622 THIRD AVE., 38TH FLOOR - NEW YORK, NY 10017212-878-1800mineralstech.comLinkedIn1001-5000 employeesconsumer goods

Other plans on this EIN

1 filing

#001Retirement-$160.9M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed May 14, 2006

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)

$280.2M

-3.9% from 2016

Total participants

2,308

+7.6% from 2016

Average account balance

$124,035

-11.3% from 2016

Annual return

-5.56%

+37.66 pp from 2016

Benchmarks

See 391 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$360.74M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

2,306

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS. Service code 15 · EIN 01-0233346	Recordkeeping	$102,645
KPMG LLP4+ years Service code 10 · EIN 13-5565207	Accounting	$45,000
GATEWAY ADVISORY, LLC2 years Service code 27 900 SOUTH AVENUE WEST · WESTFIELD, NJ 07090	Advisory (Plan)	$26,250

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$187K

$114 / participant

Investment mgmt$37K19.9%
Contract admin$103K54.8%
Other / not subdivided$47K25.3%

% of EOY assets

0.067%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,035

$134,045-7.5%

$80,022+55.0%

$75,289+64.7%

Participation rate

97.0%

85.8%+11.3pp

75.8%+21.2pp

72.4%+24.6pp

Annual return

-5.56%

-0.56%-5.0pp

11.22%-16.8pp

-0.04%-5.5pp

Employer contribution / active EE

$3,807

$3,492+9.0%

$2,468+54.3%

$2,405+58.3%

Participant deferral / active EE

$7,527

$4,976+51.2%

$3,686+104.2%

$3,739+101.3%

Admin fee / account holder

$83

$124-33.1%

$6,521-98.7%

$102-18.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS.

Service code 15 · EIN 01-0233346

Recordkeeping

$102,645

KPMG LLP4+ years

Service code 10 · EIN 13-5565207

Accounting

$45,000

GATEWAY ADVISORY, LLC2 years

Service code 27

900 SOUTH AVENUE WEST · WESTFIELD, NJ 07090

Advisory (Plan)

$26,250

MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINERALS TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

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