Retirement plan

NORTHSHORE MINING COMPANY AND SILVER BAY POWER COMPANY RETIREMENT SAVINGS PLAN

Name: NORTHSHORE MINING COMPANY - NORTHSHORE MINING COMPANY AND SILVER BAY POWER COMPANY RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: NORTHSHORE MINING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHSHORE MINING COMPANY AND SILVER BAY POWER COMPANY RETIREMENT SAVINGS PLAN, NORTHSHORE MINING COMPANY

NORTHSHORE MINING COMPANYEIN 84-1116857Plan #001PY 2017

200 PUBLIC SQUARE, SUITE 3300 - CLEVELAND, OH 441142315216-694-5505LinkedIn201-500 employeesmining & metals

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$114.2M

+13.2% from 2016

Total participants

702

+8.7% from 2016

Average account balance

$171,928

+9.8% from 2016

Annual return

12.97%

-10.14 pp from 2016

Benchmarks

See 200 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort200 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$145.51M

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

659

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+6.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3+ years Filed as: T. ROWE PRICE Service code 15 · EIN 52-1714114	Recordkeeping	$27,066
HARTLAND & CO3+ years Filed as: HARTLAND & CO. Service code 27 · EIN 34-1597728	Advisory (Plan)	$15,256
MEADEN & MOORE, LTD.3+ years Service code 10 · EIN 34-1818258	Accounting	$11,400
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,556

Plan features & details

Pension benefit codes2E2G2J2K3H

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$60K

$99 / participant

Investment mgmt$49K81.1%
Other / not subdivided$11K18.9%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,928

$72,448+137.3%

$118,746+44.8%

$69,631+146.9%

Participation rate

93.8%

79.7%+14.1pp

78.3%+15.5pp

70.7%+23.1pp

Annual return

12.97%

19.06%-6.1pp

24.54%-11.6pp

27571.02%-27558.1pp

Employer contribution / active EE

$2,322

$3,771-38.4%

$4,193-44.6%

$2,032+14.3%

Participant deferral / active EE

$6,505

$4,943+31.6%

$5,332+22.0%

$3,224+101.8%

Admin fee / account holder

$91

$99-8.1%

$10,720-99.2%

$110-17.8%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3+ years

Filed as: T. ROWE PRICE

Service code 15 · EIN 52-1714114

Recordkeeping

$27,066

HARTLAND & CO3+ years

Filed as: HARTLAND & CO.

Service code 27 · EIN 34-1597728

Advisory (Plan)

$15,256

MEADEN & MOORE, LTD.3+ years

Service code 10 · EIN 34-1818258

Accounting

$11,400

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,556

NORTHSHORE MINING COMPANY AND SILVER BAY POWER COMPANY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHSHORE MINING COMPANY AND SILVER BAY POWER COMPANY RETIREMENT SAVINGS PLAN

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