Retirement plan

AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. SAVINGS AND SECURITY PLAN

Name: AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. - AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. SAVINGS AND SECURITY PLAN (2020) Form 5500
Creator: AMERICAN CONSOLIDATED NATURAL RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. SAVINGS AND SECURITY PLAN, AMERICAN CONSOLIDATED NATURAL RESOURCES, INC.

AMERICAN CONSOLIDATED NATURAL RESOURCES, INC.EIN 85-1621594Plan #001PY 2020

46226 NATIONAL ROAD - ST. CLAIRSVILLE, OH 43950740-338-3334acnrinc.comLinkedIn1001-5000 employeesmining & metals

Prospect flagsLow returnsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$238.2M

-6.2% from 2021

Total participants

3,054

+25.9% from 2021

Average account balance

$119,509

-10.2% from 2021

Annual return

11.02%

-1.47 pp from 2021

Benchmarks

See 68 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants1,000-4,999

Cohort68 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$266.81M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

1,651

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+8.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Sales...	$337,273
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: CBIZ FINANCIAL SOLUTIONS, INC Service code 27 · EIN 52-1396995	Advisory (Plan)	$76,882
INTOUCH ADVISORS, LLC1+ years Service code 33 · EIN 46-2826582	Securities brokerage commissions and ...	$14,158
STEEL OAKS INVESTMENT1+ years Filed as: STEEL PEEK WEALTH MGMT LLC Service code 33 · EIN 46-1173026	Securities brokerage commissions and ...	$8,112
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$1,811
MCKINLEY CARTER WEALTH SERVICES1+ years Filed as: MCKINLEY CARTER WEALTH SERVICE Service code 33 · EIN 54-2111721	Securities brokerage commissions and ...	$1,321
NATIONAL FINANCIAL SERVICES1+ years Service code 33	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$416K

$161 / participant

Investment mgmt$79K18.9%
Other / not subdivided$337K81.1%

% of EOY assets

0.175%

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: CIUNI & PANICHI, INC.
Auditor EIN: 341322309
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,509

$130,084-8.1%

$138,135-13.5%

$90,274+32.4%

Participation rate

58.9%

86.0%-27.1pp

78.7%-19.8pp

73.4%-14.4pp

Annual return

11.02%

14.63%-3.6pp

20.51%-9.5pp

53.97%-43.0pp

Employer contribution / active EE

$1,675

$5,865-71.4%

$5,587-70.0%

$2,523-33.6%

Participant deferral / active EE

$4,738

$7,099-33.3%

$6,431-26.3%

$4,231+12.0%

Admin fee / account holder

$209

$187+11.9%

$11,856-98.2%

$114+83.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Sales...

$337,273

CBIZ RETIREMENT PLAN SERVICES1+ years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC

Service code 27 · EIN 52-1396995

Advisory (Plan)

$76,882

INTOUCH ADVISORS, LLC1+ years

Service code 33 · EIN 46-2826582

Securities brokerage commissions and ...

$14,158

STEEL OAKS INVESTMENT1+ years

Filed as: STEEL PEEK WEALTH MGMT LLC

Service code 33 · EIN 46-1173026

Securities brokerage commissions and ...

$8,112

CHARLES SCHWAB & CO., INC.1+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$1,811

MCKINLEY CARTER WEALTH SERVICES1+ years

Filed as: MCKINLEY CARTER WEALTH SERVICE

Service code 33 · EIN 54-2111721

Securities brokerage commissions and ...

$1,321

NATIONAL FINANCIAL SERVICES1+ years

Service code 33

Securities brokerage; Securities brok...

AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. SAVINGS AND SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN CONSOLIDATED NATURAL RESOURCES, INC. SAVINGS AND SECURITY 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