Retirement plan

HEMLOCK SEMICONDUCTOR OPERATIONS LLC EMPLOYEES' CAPITAL ACCUMULATION PLAN

Name: HEMLOCK SEMICONDUCTOR OPERATIONS LLC - HEMLOCK SEMICONDUCTOR OPERATIONS LLC EMPLOYEES' CAPITAL ACCUMULATION PLAN (2016) Form 5500
Creator: HEMLOCK SEMICONDUCTOR OPERATIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEMLOCK SEMICONDUCTOR OPERATIONS LLC EMPLOYEES' CAPITAL ACCUMULATION PLAN, HEMLOCK SEMICONDUCTOR OPERATIONS LLC

HEMLOCK SEMICONDUCTOR OPERATIONS LLCEIN 38-2236227Plan #001PY 2016

12334 GEDDES ROAD - HEMLOCK, MI 48626800-440-0772hscpoly.comLinkedIn1001-5000 employeeschemicals

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed December 20, 2018 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$158.4M

No prior year

Total participants

1,042

No prior year

Average account balance

$154,870

No prior year

Annual return

-85.64%

No prior year

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$339.75M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

1,977

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
WALTER SCOTT & PARTNERS LIMITED1+ years Service code 28 · EIN 98-0465834	Investment Management	$310,252
THE VANGUARD GROUP, INC.1+ years Service code 15 · EIN 23-1945930	Recordkeeping	$268,106
NORTHERN TRUST COMPANY1+ years Service code 18 · EIN 36-1561860	Soft dollars commissions; Investment ...	$36,231
STATE STREET GLOBAL ADVISORS1+ years Service code 18 · EIN 04-1867445	Direct payment from the plan; Custodi...	$15,453
WELLINGTON TRUST COMPANY1+ years Filed as: WELLINGTON TRUST COMPANY, NA Service code 52 · EIN 04-2755549	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S3H3J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$604K

$747 / participant

Investment mgmt$326K53.9%
Contract admin$241K39.9%
Other / not subdivided$38K6.2%

% of EOY assets

0.381%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,870

$74,024+109.2%

$77,999+98.6%

$57,658+168.6%

Participation rate

97.7%

79.7%+17.9pp

75.5%+22.1pp

70.2%+27.4pp

Annual return

-85.64%

12.14%-97.8pp

425.96%-511.6pp

5.13%-90.8pp

Employer contribution / active EE

$16,458

$2,365+595.8%

$2,470+566.3%

$1,974+733.8%

Participant deferral / active EE

$45,672

$3,533+1192.7%

$3,497+1206.1%

$3,061+1392.3%

Admin fee / account holder

$590

$93+533.4%

$5,480-89.2%

$95+524.5%

Provider

Service type

Compensation

WALTER SCOTT & PARTNERS LIMITED1+ years

Service code 28 · EIN 98-0465834

Investment Management

$310,252

THE VANGUARD GROUP, INC.1+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$268,106

NORTHERN TRUST COMPANY1+ years

Service code 18 · EIN 36-1561860

Soft dollars commissions; Investment ...

$36,231

STATE STREET GLOBAL ADVISORS1+ years

Service code 18 · EIN 04-1867445

Direct payment from the plan; Custodi...

$15,453

WELLINGTON TRUST COMPANY1+ years

Filed as: WELLINGTON TRUST COMPANY, NA

Service code 52 · EIN 04-2755549

Indirect Investment Fees

HEMLOCK SEMICONDUCTOR OPERATIONS LLC EMPLOYEES' CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEMLOCK SEMICONDUCTOR OPERATIONS LLC EMPLOYEES' CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

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