Retirement plan

SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

Name: SUMITOMO RUBBER USA, LLC - SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES (2024) Form 5500
Creator: SUMITOMO RUBBER USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES, SUMITOMO RUBBER USA, LLC

SUMITOMO RUBBER USA, LLCEIN 34-1899137Plan #010PY 2024

P.O. BOX 1109 - BUFFALO, NY 14240716-879-8208srigroup.co.jpLinkedIn1001-5000 employeesconsumer goods

Other plans on this EIN

4 filings

#002Retirement-$329.1M assets #009Retirement-$69.0M assets #001Retirement--#004Retirement--

Prospect flagsLow participationFailed to transmit contributionsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$140.2M

-6.4% from 2016

Total participants

1,472

-0.6% from 2016

Average account balance

$96,856

-6.9% from 2016

Annual return

14.33%

-4.71 pp from 2016

Benchmarks

See 5,395 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,395 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$140.25M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

1,448

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$143K

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

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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

Top 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$301,642
CHARLES SCHWAB & CO., INC.8 years Service code 26 · EIN 94-1737782	Advisory (Participants)	$44

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H2I2O

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.
2I
Stock bonus
Stock bonus plan.
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.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$296K

$4229 / participant

Recordkeeping$296K100.0%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOBER MARKEY FEDOROVICH & COMPA
Auditor EIN: 341523030
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,856

$87,132+11.2%

$105,624-8.3%

$80,959+19.6%

Participation rate

65.7%

70.4%-4.7pp

75.3%-9.6pp

67.7%-2.0pp

Annual return

14.33%

17.03%-2.7pp

116.20%-101.9pp

35.67%-21.3pp

Employer contribution / active EE

$68,830

$2,397+2771.7%

$3,168+2072.9%

$2,757+2396.4%

Participant deferral / active EE

$74,124

$3,985+1759.9%

$5,013+1378.7%

$4,300+1623.7%

Admin fee / account holder

$204

$8,449-97.6%

$10,961-98.1%

$6,925-97.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$301,642

CHARLES SCHWAB & CO., INC.8 years

Service code 26 · EIN 94-1737782

Advisory (Participants)

$44

SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMITOMO RUBBER USA, LLC EMPLOYEE SAVINGS PLAN FOR BARGAINING UNIT 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