Retirement plan

CLARION SINTERED METALS, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: CLARION SINTERED METALS, INC. - CLARION SINTERED METALS, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: CLARION SINTERED METALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLARION SINTERED METALS, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN AND TRUST, CLARION SINTERED METALS, INC.

CLARION SINTERED METALS, INC.EIN 25-1474829Plan #002PY 2020

3472 MONTMORENCI ROAD - RIDGWAY, PA 15853814-773-3124clarionsintered.comLinkedIn201-500 employeesmechanical or industrial engineering

Other plans on this EIN

2 filings

#003Retirement-$10.7M assets #004Retirement-$991K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.2M

-8.4% from 2019

Total participants

105

-14.6% from 2019

Average account balance

$107,583

-3.1% from 2019

Annual return

4.08%

-3.59 pp from 2019

Benchmarks

See 14,879 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,879 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.24M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

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.

112.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21245

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969	Recordkeeping	$1,250

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

$1K

$27 / participant

Investment mgmt$20914.3%
Other / not subdivided$1K85.7%

% of EOY assets

0.013%

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: HALCOLM BARD CPA
Auditor EIN: 251398785
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,583

$78,423+37.2%

$95,964+12.1%

$79,856+34.7%

Participation rate

98.2%

73.5%+24.7pp

77.1%+21.1pp

69.6%+28.5pp

Annual return

4.08%

19.37%-15.3pp

91.64%-87.6pp

31.71%-27.6pp

Employer contribution / active EE

$9,038

$1,945+364.6%

$2,541+255.6%

$2,471+265.7%

Participant deferral / active EE

$2,458

$3,440-28.6%

$4,167-41.0%

$3,741-34.3%

Admin fee / account holder

$14

$5,622-99.8%

$6,797-99.8%

$5,306-99.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

Recordkeeping

$1,250

CLARION SINTERED METALS, INC. SALARIED EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLARION SINTERED METALS, INC. SALARIED EMPLOYEES PROFIT SHARING 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