Oerlikon Metco (us) Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Oerlikon Metco (us) Inc. 401(k) Plan Facts (plan year 2021)

Plan name
OERLIKON METCO (US) 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
OERLIKON METCO (US) INC.
Participants
901 (661 active employees)
Former employees with a balance
199
Plan assets
$133,586,988 at Dec 31, 2021
Average account balance
$158,278 across 844 accounts
Employer contributions
$3,761,768 in plan year 2021 (35% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jul 1, 2014
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 7, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $10.8 million went into the plan in contributions, $3.76 million of it from the employer (35%).
  • $8.52 million was paid out to participants.
  • Investment and other income added $17.0 million.
  • Administrative expenses were $104,717, about $124 per account.

How the Oerlikon Metco (us) Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016594$52.7 million$4.02 million$5.57 million
2017615$69.8 million$4.50 million$3.50 million
2018766$71.4 million$5.36 million$5.26 million
2019856$95.0 million$6.15 million$8.47 million
2020970$114.5 million$6.09 million$13.6 million
2021901$133.6 million$3.76 million$8.52 million

Oerlikon Metco (us) Inc. 401(k) Contact Information

Phone
516-338-2184
Mailing address
1101 PROSPECT AVENUE, WESTBURY NY 11590
Plan sponsor
OERLIKON METCO (US) INC.
Employer identification number (EIN)
38-2654206
Plan number
001

Questions about the Oerlikon Metco (us) Inc. 401(k)

Is the Oerlikon Metco (us) Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Oerlikon Metco (us) Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $3.76 million, 35% of all contributions.

Does the Oerlikon Metco (us) Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Oerlikon Metco (us) Inc 401(k) plan?

901 participants at the start of plan year 2021, 661 of them active employees, and 199 former employees who still had money in the plan.

What is the average 401(k) balance at Oerlikon Metco (us) Inc?

About $158,278 per account: $133.6 million in plan assets across 844 accounts with a balance at the end of plan year 2021.

Who manages the Oerlikon Metco (us) Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

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