Retirement plan

OHIO STAR FORGE COMPANY RETIREMENT PLAN FOR SALARIED EMPLOYEES

Name: OHIO STAR FORGE COMPANY - OHIO STAR FORGE COMPANY RETIREMENT PLAN FOR SALARIED EMPLOYEES (2016) Form 5500
Creator: OHIO STAR FORGE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OHIO STAR FORGE COMPANY RETIREMENT PLAN FOR SALARIED EMPLOYEES, OHIO STAR FORGE COMPANY

OHIO STAR FORGE COMPANYEIN 34-1599642Plan #002PY 2016

4000 MAHONING AVENUE, P. O. BOX 430 - WARREN, OH 444820430330-847-6360ohiostar.comLinkedIn51-200 employeesautomotive

Other plans on this EIN

1 filing

#001Retirement-$1.9M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+14.1% from 2015

Total participants

0.0% from 2015

Average account balance

$124,924

+17.8% from 2015

Annual return

6.70%

+6.75 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.07M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

106.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$477K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7194

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

$77K

$2749 / participant

Other / not subdivided$77K100.0%

% of EOY assets

1.988%

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

$124,924

$60,349+107.0%

$74,184+68.4%

$62,881+98.7%

Participation rate

92.9%

72.7%+20.1pp

76.6%+16.2pp

69.3%+23.6pp

Annual return

6.70%

21.38%-14.7pp

17.74%-11.0pp

20.14%-13.4pp

Employer contribution / active EE

$2,910

$1,680+73.2%

$2,370+22.8%

$2,281+27.6%

Participant deferral / active EE

$8,771

$2,856+207.1%

$3,550+147.1%

$3,203+173.8%

Admin fee / account holder

$2,483

$4,261-41.7%

$5,586-55.5%

$4,296-42.2%

OHIO STAR FORGE COMPANY RETIREMENT PLAN FOR SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OHIO STAR FORGE COMPANY RETIREMENT PLAN FOR SALARIED EMPLOYEES

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