Retirement plan

FERROTHERM CORPORATION SALARIED EMPLOYEES' PROFIT SHARING & 401(K) TRUST AND PLAN

Name: FERROTHERM CORPORATION - FERROTHERM CORPORATION SALARIED EMPLOYEES' PROFIT SHARING & 401(K) TRUST AND PLAN (2020) Form 5500
Creator: FERROTHERM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FERROTHERM CORPORATION SALARIED EMPLOYEES' PROFIT SHARING & 401(K) TRUST AND PLAN, FERROTHERM CORPORATION

FERROTHERM CORPORATIONEIN 34-1470026Plan #001PY 2020

4758 WARNER ROAD - GARFIELD HEIGHTS, OH 44125216-883-9350

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

-0.7% from 2019

Total participants

-5.6% from 2019

Average account balance

$115,665

+11.7% from 2019

Annual return

12.13%

-6.10 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.68M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

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

+11.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42505

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$655K

$24271 / participant

Other / not subdivided$655K100.0%

% of EOY assets

17.705%

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

$115,665

$78,428+47.5%

$95,960+20.5%

$79,852+44.8%

Participation rate

92.6%

73.5%+19.1pp

77.1%+15.5pp

69.6%+23.0pp

Annual return

12.13%

19.37%-7.2pp

91.63%-79.5pp

31.72%-19.6pp

Employer contribution / active EE

$2,696

$1,945+38.6%

$2,541+6.1%

$2,471+9.1%

Participant deferral / active EE

$3,243

$3,440-5.7%

$4,167-22.2%

$3,740-13.3%

Admin fee / account holder

$20,479

$5,622+264.2%

$6,797+201.3%

$5,306+285.9%

FERROTHERM CORPORATION SALARIED EMPLOYEES' PROFIT SHARING & 401(K) TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FERROTHERM CORPORATION SALARIED EMPLOYEES' PROFIT SHARING & 401(K) TRUST AND 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