Retirement plan

SIFCO INDUSTRIES DIE ROOM 401(K) PLAN

Name: SIFCO INDUSTRIES, INC. - SIFCO INDUSTRIES DIE ROOM 401(K) PLAN (2021) Form 5500
Creator: SIFCO INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIFCO INDUSTRIES DIE ROOM 401(K) PLAN, SIFCO INDUSTRIES, INC.

SIFCO INDUSTRIES, INC.EIN 34-0553950Plan #010PY 2021

970 EAST 64TH STREET - CLEVELAND, OH 441031620216-881-8600sifco.comLinkedIn201-500 employeesaviation & aerospace

Other plans on this EIN

5 filings

#006Retirement-$20.7M assets #005Retirement-$11.4M assets #009Retirement-$6.7M assets #003Retirement-$5.2M assets #011Retirement-$6K assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$429K

+97.4% from 2020

Total participants

-4.5% from 2020

Average account balance

$20,414

+106.8% from 2020

Annual return

50.44%

+50.44 pp from 2020

Benchmarks

See 21,787 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,787 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$798K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$52K

$2616 / participant

Other / not subdivided$52K100.0%

% of EOY assets

12.203%

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

$20,414

$124,346-83.6%

$111,308-81.7%

$167,536-87.8%

Participation rate

100.0%

79.6%+20.4pp

77.3%+22.7pp

82.1%+17.9pp

Annual return

50.44%

37.45%+13.0pp

54.67%-4.2pp

478.82%-428.4pp

Employer contribution / active EE

$3,437

$3,4370%

$2,732+25.8%

$4,839-29.0%

Participant deferral / active EE

$4,140

$5,182-20.1%

$4,487-7.7%

$6,342-34.7%

Admin fee / account holder

$2,491

$10,621-76.5%

$7,965-68.7%

$12,315-79.8%

SIFCO INDUSTRIES DIE ROOM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIFCO INDUSTRIES DIE ROOM 401(K) 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