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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

-28.2% from 2021

Total participants

-3.2% from 2021

Average account balance

$104,873

-23.2% from 2021

Annual return

-14.46%

-28.78 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$756K

$36011 / participant

Other / not subdivided$756K100.0%

% of EOY assets

24.865%

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

$104,873

$100,792+4.0%

$86,691+21.0%

$134,509-22.0%

Participation rate

95.2%

78.9%+16.3pp

76.6%+18.7pp

81.2%+14.0pp

Annual return

-14.46%

29.08%-43.5pp

35.94%-50.4pp

418.13%-432.6pp

Employer contribution / active EE

$3,174

$3,491-9.1%

$2,837+11.9%

$4,741-33.1%

Participant deferral / active EE

$4,352

$5,339-18.5%

$4,656-6.5%

$6,400-32.0%

Admin fee / account holder

$26,077

$10,924+138.7%

$7,492+248.1%

$11,427+128.2%

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