Retirement plan

KOVATCH CASTINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: KOVATCH CASTINGS, INC. - KOVATCH CASTINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2022) Form 5500
Creator: KOVATCH CASTINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOVATCH CASTINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, KOVATCH CASTINGS, INC.

KOVATCH CASTINGS, INC.EIN 34-1198748Plan #002PY 2022

3743 TABS DRIVE - UNIONTOWN, OH 44685330-896-9944kovatchcastings.comLinkedIn51-200 employeesaviation & aerospace

Other plans on this EIN

1 filing

#001Retirement-$9.7M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed February 23, 2018 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

11033 Cottingham Cir. NW

Uniontown State: OH Zip Code: 44685

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Plans declared (1)

Plan name not on file2 emp

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Total assets (EOY)

$7.2M

+127.1% from 2021

Total participants

150

-8.0% from 2021

Average account balance

$52,343

+163.3% from 2021

Annual return

48.01%

+80.67 pp from 2021

Benchmarks

See 4,068 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,068 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.96M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

203

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$997K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.12%

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

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 codes2I2K2P3I

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN & MOORE
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,343

$65,437-20.0%

$86,698-39.6%

$66,949-21.8%

Participation rate

92.0%

75.5%+16.5pp

76.6%+15.4pp

69.8%+22.2pp

Annual return

48.01%

-10.91%+58.9pp

35.96%+12.0pp

1.57%+46.4pp

Employer contribution / active EE

$16,824

$2,154+681.2%

$2,837+493.1%

$2,545+561.0%

Participant deferral / active EE

$4,102-100.0%

$4,656-100.0%

$4,239-100.0%

Admin fee / account holder

$642-100.0%

$7,492-100.0%

$594-100.0%

KOVATCH CASTINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KOVATCH CASTINGS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion