Arconic Corp. Hourly 401(K) Plan — Form 5500 plan (Arconic Corporation)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Arconic Corp. Hourly 401(K) Plan is a benefit plan reported by Arconic Corporation under EIN 84-2745636 and plan number 002. The latest loaded filing year is 2023. The filing reports 7,882 participants and $678,266,464 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$678.3MPlan net assets, end of year$678,266,464
Participants7.9KCovered participants reported7,882
Assets / participant$86.1KComputed: assets ÷ participants$86,053 (computed)
Provider compensation$967.3K4 Schedule C provider row(s)$967,300
Plan sponsor
Arconic Corporation
EIN
84-2745636
Plan number
002
Plan type
2
Location
Pittsburgh, PA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20237,882H, C20241014143900NAL0046393936001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$678.3M total assets
Net assets$678.3MLiabilities$0
Money in vs. money out
Total income / additions$161.6M
Total expenses$73.7M
Benefits paid / distributions$72.7M
Contributions
Employer$29.7M
Participant$34.7M
Full reported line items

Net assets

Total assets (EOY)
$678,266,464
Total liabilities (EOY)
$0
Net assets (EOY)
$678,266,464
Net assets (BOY)
$592,830,292

Income & contributions

Employer contributions
$29,690,552
Participant contributions
$34,660,751
Total contributions
$65,316,452
Total income / additions
$161,554,460

Expenses & distributions

Benefits paid
$72,736,174
Administrative expenses
$967,195
Total expenses
$73,659,862
Net increase / (decrease)
$87,894,598
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 46%Participant 54%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Strategic Advisors, Inc.ADVISOR$544,537not reported in the loaded dataset2023
Fidelity Investments InstitutionalRECORDKEEPER$252,187not reported in the loaded dataset2023
Pricewaterhousecoopers LlpACCOUNTANT/AUDITOR$103,576not reported in the loaded dataset2023
Capfinancial Partners, LLCINVESTMENT ADVISOR$67,000not reported in the loaded dataset2023

Related Form 5500 pages