Retirement plan

CONSTELLIUM MUSCLE SHOALS GROUP SAVINGS AND INVESTMENT PLAN FOR HOURLY EMPLOYEES

Name: CONSTELLIUM MUSCLE SHOALS LLC - CONSTELLIUM MUSCLE SHOALS GROUP SAVINGS AND INVESTMENT PLAN FOR HOURLY EMPLOYEES (2020) Form 5500
Creator: CONSTELLIUM MUSCLE SHOALS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSTELLIUM MUSCLE SHOALS GROUP SAVINGS AND INVESTMENT PLAN FOR HOURLY EMPLOYEES, CONSTELLIUM MUSCLE SHOALS LLC

CONSTELLIUM MUSCLE SHOALS LLCEIN 52-2139172Plan #001PY 2020

4805 SECOND STREET - MUSCLE SHOALS, AL 356611282256-386-6919

Other plans on this EIN

2 filings

#002Retirement-$78.3M assets #003Retirement-$29.0M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$30.3M

+0.2% from 2019

Total participants

667

-4.7% from 2019

Average account balance

$46,841

+4.0% from 2019

Annual return

10.16%

-3.50 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.31M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

648

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

-11.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5 years Service code 13 · EIN 06-1050034	Contract Administrator	$26,014
THE WATKINS JOHNSEY PROFESSIONAL GR5 years Service code 27 · EIN 63-1128344	Advisory (Plan)	$12,571
LOCKTON INVESTMENT ADVISORS, LLC5 years Service code 27 · EIN 20-8874282	Advisory (Plan)	$10,000
PRUDENTIAL RETIREMENT INSURANCE AND5 years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 63 · EIN 13-4122960	12b-1 Fees	$156
PRIAC1 year Service code 28 · EIN 06-1050034	Investment Management	$100
NATIONAL FINANCIAL SERVICES6+ years Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 15 · EIN 04-3523567	Recordkeeping	$0
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$51K

$91 / participant

Other / not subdivided$51K100.0%

% of EOY assets

0.168%

all-in expense ratio

Categories reported

0 / 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: WATKINS JOHNSEY PROFESSIONAL GROUP
Auditor EIN: 631128344
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,841

$79,519-41.1%

$95,960-51.2%

$73,412-36.2%

Participation rate

96.3%

81.2%+15.1pp

77.1%+19.2pp

72.2%+24.1pp

Annual return

10.16%

19.20%-9.0pp

91.63%-81.5pp

59.30%-49.1pp

Employer contribution / active EE

$1,205

$2,048-41.2%

$2,541-52.6%

$2,234-46.0%

Participant deferral / active EE

$2,926

$4,138-29.3%

$4,167-29.8%

$3,806-23.1%

Admin fee / account holder

$79

$184-57.4%

$6,797-98.8%

$158-50.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Service code 13 · EIN 06-1050034

Contract Administrator

$26,014

THE WATKINS JOHNSEY PROFESSIONAL GR5 years

Service code 27 · EIN 63-1128344

Advisory (Plan)

$12,571

LOCKTON INVESTMENT ADVISORS, LLC5 years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$10,000

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 63 · EIN 13-4122960

12b-1 Fees

$156

PRIAC1 year

Service code 28 · EIN 06-1050034

Investment Management

$100

NATIONAL FINANCIAL SERVICES6+ years

Filed as: NATIONAL FINANCIAL SERVICES, LLC

Service code 15 · EIN 04-3523567

Recordkeeping

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

CONSTELLIUM MUSCLE SHOALS GROUP SAVINGS AND INVESTMENT PLAN FOR HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSTELLIUM MUSCLE SHOALS GROUP SAVINGS AND INVESTMENT PLAN FOR HOURLY 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