Retirement plan

ELEMENT SOLUTIONS INC. EMPLOYEE SAVINGS AND 401(K) PLAN

Name: ELEMENT SOLUTIONS INC - ELEMENT SOLUTIONS INC. EMPLOYEE SAVINGS AND 401(K) PLAN (2020) Form 5500
Creator: ELEMENT SOLUTIONS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELEMENT SOLUTIONS INC. EMPLOYEE SAVINGS AND 401(K) PLAN, ELEMENT SOLUTIONS INC

ELEMENT SOLUTIONS INCEIN 37-1744899Plan #005PY 2020

245 FREIGHT ST. - WATERBURY, CT 06702203-575-5980

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$263.5M

+15.0% from 2019

Total participants

1,599

+21.3% from 2019

Average account balance

$190,245

+8.7% from 2019

Annual return

16.02%

-5.55 pp from 2019

Benchmarks

See 764 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort764 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$311.16M

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

1,410

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+9.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
COHN REZNICK LLP4 years Service code 28 · EIN 22-1478099	Investment Management	$47,500
CHIMENTO AND WEBB PC4 years Service code 29 · EIN 47-1507939	Legal	$36,223
FISHER INVESTMENTS4 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$8,300
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$5,037
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$440
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2H2J2K2R2S2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$97K

$79 / participant

Investment mgmt$8K8.7%
Other / not subdivided$89K91.3%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,245

$176,491+7.8%

$95,952+98.3%

$90,288+110.7%

Participation rate

82.6%

86.6%-4.0pp

77.1%+5.5pp

73.4%+9.2pp

Annual return

16.02%

20.14%-4.1pp

91.61%-75.6pp

53.97%-37.9pp

Employer contribution / active EE

$4,663

$2,789+67.2%

$2,541+83.5%

$2,524+84.7%

Participant deferral / active EE

$10,633

$5,340+99.1%

$4,167+155.2%

$4,232+151.2%

Admin fee / account holder

$70

$154-54.5%

$6,795-99.0%

$114-38.5%

Provider

Service type

Compensation

COHN REZNICK LLP4 years

Service code 28 · EIN 22-1478099

Investment Management

$47,500

CHIMENTO AND WEBB PC4 years

Service code 29 · EIN 47-1507939

Legal

$36,223

FISHER INVESTMENTS4 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$8,300

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$5,037

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$440

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

ELEMENT SOLUTIONS INC. EMPLOYEE SAVINGS AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELEMENT SOLUTIONS INC. EMPLOYEE SAVINGS AND 401(K) 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