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 (2021) 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 2021

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-$30.5M assets #003Retirement-$2.0M assets

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.1M

+16.1% from 2020

Total participants

500

-3.8% from 2020

Average account balance

$30,415

+17.3% from 2020

Annual return

14.14%

-1.64 pp from 2020

Benchmarks

See 190 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort190 peers

Snapshot2021

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.7+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$13,022
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASSOCIATES Service code 13	Contract Administrator	$0
NOVA 401(K) ASSOCIATES5 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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$33 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,415

$92,303-67.0%

$152,473-80.1%

$86,821-65.0%

Participation rate

74.4%

81.1%-6.7pp

78.2%-3.8pp

72.3%+2.1pp

Annual return

14.14%

531.69%-517.5pp

757.59%-743.4pp

97.94%-83.8pp

Employer contribution / active EE

$520

$3,748-86.1%

$4,326-88.0%

$2,406-78.4%

Participant deferral / active EE

$2,747

$5,599-50.9%

$5,817-52.8%

$4,132-33.5%

Admin fee / account holder

$33

$150-78.2%

$15,811-99.8%

$170-80.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$13,022

NOVA 401(K) ASSOCIATES3 years

Filed as: NOVA 401K ASSOCIATES

Service code 13

Contract Administrator

NOVA 401(K) ASSOCIATES5 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