Rec Advanced Silicon Materials retirement plan: assets, participants and fees
What Rec Advanced Silicon Materials' retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 263 pension plans in manufacturing with 500 to 999 participants.
| Rec Advanced Silicon Materials: employer contribution per participant | $300 | |
| Peer median | $1,487 |
| Rec Advanced Silicon Materials: average balance | $47,110 | |
| Peer median | $65,119 |
| Rec Advanced Silicon Materials: admin expenses ÷ assets | 0.48% | |
| Peer median | 0.77% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $28.6M at the end of plan year 2023 to $28.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 603 | $28.4M | $181K | $300 | 0.48% | Not published | Form 5500 ↗ |
| 2023 | 610 | $28.6M | $646K | $1,058 | 0.47% | Not published | Form 5500 ↗ |
Common questions
Does Rec Advanced Silicon Materials match 401(k) contributions?
The match terms for the Pension Plan for Employees of Advanced Silicon Materials, LLC have not been published from its filing yet. The plan year 2024 filing reports $181K in employer contributions, about $300 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Rec Advanced Silicon Materials 401(k) match vested?
The vesting schedule for the Pension Plan for Employees of Advanced Silicon Materials, LLC is not in the data published so far. Your Summary Plan Description states it.
Who manages the Rec Advanced Silicon Materials 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Rec Advanced Silicon Materials, LLC.
I left Rec Advanced Silicon Materials. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Rec Advanced Silicon Materials, LLC, (406) 496-9898) or the recordkeeper, Principal Life Insurance Company. The Rec Advanced Silicon Materials old 401(k) page lists the contacts from every plan filing. Find an old Rec Advanced Silicon Materials 401(k)
Data from the public Form 5500 annual reports Rec Advanced Silicon Materials filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Rec Advanced Silicon Materials. Not financial advice. Report a correction · Methodology