Retirement plan

CARBON GRAPHITE MATERIALS INC 401(K) PROFIT SHARING PLAN

Name: CARBON GRAPHITE MATERIALS INC. - CARBON GRAPHITE MATERIALS INC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: CARBON GRAPHITE MATERIALS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARBON GRAPHITE MATERIALS INC 401(K) PROFIT SHARING PLAN, CARBON GRAPHITE MATERIALS INC.

CARBON GRAPHITE MATERIALS INC.EIN 26-3310254Plan #001PY 2024

115 CENTRAL AVENUE - BROCTON, NY 14716716-792-7979cgmgraphite.comLinkedIn11-50 employeesmining & metals

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$410K

+26.8% from 2023

Total participants

+31.3% from 2023

Average account balance

$34,140

+26.8% from 2023

Annual return

11.45%

-5.26 pp from 2023

Benchmarks

See 23,882 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,882 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$410K

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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

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 codes2E2F2J2T3D

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$160 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.701%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,140

$166,131-79.5%

$164,975-79.3%

$145,877-76.6%

Participation rate

50.0%

82.0%-32.0pp

78.6%-28.6pp

80.3%-30.3pp

Annual return

11.45%

100.37%-88.9pp

70.12%-58.7pp

551.28%-539.8pp

Employer contribution / active EE

$1,234

$5,276-76.6%

$4,343-71.6%

$4,663-73.5%

Participant deferral / active EE

$1,677

$6,962-75.9%

$6,033-72.2%

$6,691-74.9%

Admin fee / account holder

$239

$16,648-98.6%

$12,688-98.1%

$13,402-98.2%

CARBON GRAPHITE MATERIALS INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARBON GRAPHITE MATERIALS INC 401(K) PROFIT SHARING PLAN

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