Retirement plan

CNX RESOURCES CORPORATION INVESTMENT PLAN FOR SALARIED EMPLOYEES

Name: CNX RESOURCES CORPORATION - CNX RESOURCES CORPORATION INVESTMENT PLAN FOR SALARIED EMPLOYEES (2023) Form 5500
Creator: CNX RESOURCES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CNX RESOURCES CORPORATION INVESTMENT PLAN FOR SALARIED EMPLOYEES, CNX RESOURCES CORPORATION

CNX RESOURCES CORPORATIONEIN 51-0337383Plan #002PY 2023

1000 HORIZON VUE DRIVE - CANONSBURG, PA 153176506724-485-4100LinkedIn1-10 employees

Prospect flagsHigh retiree %Low returns

Top hat statement on fileNQDC

Filed November 14, 2011 (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)

$442.4M

+5.5% from 2016

Total participants

1,988

+17.2% from 2016

Average account balance

$223,006

-10.3% from 2016

Annual return

11.61%

-14.54 pp from 2016

Benchmarks

See 204 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort204 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$438.64M

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

1,802

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH7 years Filed as: MERRILL LYNCH PIERCE FENNER AND SMI Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Recordkeeping	$137,146
BILKEYKATZ INVESTMENT CONSULTANTS5 years Filed as: BILKEYKATZ INVESTMENTS CONSULTANTS Service code 16 · EIN 13-4226829 411 SEVENTH AVENUE, SUITE 1425 · PITTSBURGH, PA 15219	Consulting	$73,157
SCHNEIDER DOWNS & CO., INC.1 year Filed as: SCHNEIDER DOWNS & CO. INC. Service code 10 · EIN 25-1408703 ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416	Accounting	$24,795

Plan features & details

Pension benefit codes2E2G2J2K2O2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$235K

$496 / participant

Recordkeeping$137K58.3%
Investment mgmt$73K31.1%
Other / not subdivided$25K10.5%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: $24,795
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,006

$102,642+117.3%

$142,562+56.4%

$74,478+199.4%

Participation rate

99.2%

79.7%+19.4pp

76.8%+22.4pp

70.7%+28.4pp

Annual return

11.61%

20.46%-8.9pp

20.13%-8.5pp

34.37%-22.8pp

Employer contribution / active EE

$7,384

$4,956+49.0%

$4,841+52.5%

$2,637+180.0%

Participant deferral / active EE

$12,385

$6,304+96.5%

$6,280+97.2%

$4,530+173.4%

Admin fee / account holder

$118

$187-36.5%

$10,012-98.8%

$347-65.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH7 years

Filed as: MERRILL LYNCH PIERCE FENNER AND SMI

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Recordkeeping

$137,146

BILKEYKATZ INVESTMENT CONSULTANTS5 years

Filed as: BILKEYKATZ INVESTMENTS CONSULTANTS

Service code 16 · EIN 13-4226829

411 SEVENTH AVENUE, SUITE 1425 · PITTSBURGH, PA 15219

Consulting

$73,157

SCHNEIDER DOWNS & CO., INC.1 year

Filed as: SCHNEIDER DOWNS & CO. INC.

Service code 10 · EIN 25-1408703

ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416

Accounting

$24,795

CNX RESOURCES CORPORATION INVESTMENT PLAN FOR SALARIED EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CNX RESOURCES CORPORATION INVESTMENT PLAN FOR SALARIED EMPLOYEES

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