Retirement plan

PINTO VALLEY MINING CORP. RETIREMENT SAVINGS PLAN FOR UNION REPRESENTED EMPLOYEES

Name: PINTO VALLEY MINING CORP. - PINTO VALLEY MINING CORP. RETIREMENT SAVINGS PLAN FOR UNION REPRESENTED EMPLOYEES (2019) Form 5500
Creator: PINTO VALLEY MINING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PINTO VALLEY MINING CORP. RETIREMENT SAVINGS PLAN FOR UNION REPRESENTED EMPLOYEES, PINTO VALLEY MINING CORP.

PINTO VALLEY MINING CORP.EIN 46-2885758Plan #001PY 2019

2911 N FOREST SERVICE ROAD 287, PO BOX 100 - MIAMI, AZ 85539928-473-6208LinkedIn201-500 employeesmining & metals

Other plans on this EIN

2 filings

#002Retirement-$23.6M assets #003Retirement-$1.6M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$10.3M

+19.9% from 2018

Total participants

458

-5.2% from 2018

Average account balance

$23,273

+30.2% from 2018

Annual return

24.63%

+25.00 pp from 2018

Benchmarks

See 205 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort205 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.16M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

286

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.

45.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

-1.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$14,303
NOVA 401(K) ASSOCIATES1 year Filed as: NOVA 401K ASSOCIATES Service code 13	Contract Administrator	$7,686
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASSOCIATES, LP Service code 13 10777 NORTHWEST FRWY · HOUSTON, TX 77092	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$39 / participant

Contract admin$14K100.0%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRIGGS & VESELKA CO
Auditor EIN: 741769118
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,273

$72,658-68.0%

$127,803-81.8%

$67,582-65.6%

Participation rate

96.2%

80.0%+16.3pp

79.0%+17.2pp

71.3%+24.9pp

Annual return

24.63%

26.49%-1.9pp

26.14%-1.5pp

378.57%-353.9pp

Employer contribution / active EE

$3,988-99.9%

$4,576-99.9%

$2,148-99.8%

Participant deferral / active EE

$2,984

$5,383-44.6%

$6,023-50.5%

$3,539-15.7%

Admin fee / account holder

$32

$127-74.6%

$9,399-99.7%

$142-77.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$14,303

NOVA 401(K) ASSOCIATES1 year

Filed as: NOVA 401K ASSOCIATES

Service code 13

Contract Administrator

$7,686

NOVA 401(K) ASSOCIATES3 years

Filed as: NOVA 401K ASSOCIATES, LP

Service code 13

10777 NORTHWEST FRWY · HOUSTON, TX 77092

Contract Administrator

PINTO VALLEY MINING CORP. RETIREMENT SAVINGS PLAN FOR UNION REPRESENTED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PINTO VALLEY MINING CORP. RETIREMENT SAVINGS PLAN FOR UNION REPRESENTED 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