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Swagelok Retirement Savings Plan


Plan Information

  • Plan Year01/01/2015 — 12/31/2015
  • Date of Plan01/01/1998
  • Net Assets as of 12/31/2015 $1,191,869,974
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2015

  • Active (Eligible) Participants4,079
  • Retired or separated participants receiving benefits23
  • Other retired or separated participants entitled to future benefits888
  • Subtotal4,990
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits24
  • Total5,014
  • Total number of participants as of 01/01/20155,104
  • Number of participants with account balances4,960
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested159


  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address6262 Cochran Road
  • CitySolon
  • StateOH
  • Zip44139-3308
  • Telephone(440) 248-4600
  • EIN34-0688825
  • Industry Code332900
  • Named AdministratorChristopher Miklich

Audit Information

  • Audit StatusAudited
  • AuditorMaloney & Novotny LLC
  • Auditor EIN34-0677006
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2H Partial participant-directed account plan Participants have the opportunity to direct the investment of a portion 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2P Leveraged ESOP An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $20,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No


Income and Expense Statement

Income $-58,841,696
Contributions $38,564,680
Cash Contributions $38,564,680
Cash from Employers $19,214,958
Cash from Participants $18,195,427
Others (including rollovers) $1,154,295
Noncash Contributions $0
Total Earnings on Investments $-97,406,376
Total Interest $20,157,453
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $497,211
Interest from Other Investments $19,660,242
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $-103,598,817
Real Estate $0
Other $-103,598,817
Net investment gain (loss) from common/collective trusts $487,417
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-14,452,429
Other Income $0
Expenses $137,604,553
Total Benefit Payments $131,878,840
Directly to participants or beneficiaries, including direct rollovers $131,878,840
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $137,424
Interest expense $5,344,007
Total Administrative Expenses $244,282
Professional Fees $208,963
Contract Administrator Fees $0
Investment Advisory and management fees $22,500
Other Administrative Fees $12,819
Net Income $-196,446,249
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2015 12/31/2014 Change YOY
Total Assets $1,393,564,425 $1,593,033,967 -12.52%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $25,714,957 $26,553,016 -3.16%
Employer Contributions $14,972,565 $19,899,124 -24.76%
Participant Contributions $0 $0 0.0%
Other Contributions $10,742,392 $6,653,892 61.45%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $12,156,416 $11,041,016 10.10%
Value of interest in common/collective trusts $63,109,210 $42,032,856 50.14%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $500,265,080 $468,710,835 6.73%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $792,318,762 $1,044,696,244 -24.16%
Employer Securities $792,318,762 $1,044,696,244 -24.16%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $201,694,451 $204,717,744 -1.48%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $201,694,451 $204,717,744 -1.48%
Net Assets $1,191,869,974 $1,388,316,223 -14.15%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Fidelity Inv. Inst. Ops. Co.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Fidelity Inv. Inst. Ops. Co. Recordkeeping fees, Account maintenance fees, Participant loan processing NONE $208,963 $0 $208,963
Capfinancial Partners, LLC Other fees NONE $22,500 $0 $22,500
Cbiz Retirement Plan Services Other fees NONE $12,819 $0 $12,819
Total $244,282 $0 $244,282

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Fidelity Inv. Ops. Co Nylim Services Co. LLC Sub-transfer agency fees 0.15% $0
Fidelity Inv. Inst. Ops. Co. Allinace Bernstein Investor Svcs Sub-transfer agency fees 0.15% $0
Fidelity Inv. Inst. Ops. Co. American Century Services Sub-transfer agency fees 0.05% $0
Fidelity Inv. Inst. Ops. Co. Goldman, Sachs & Co. Sub-transfer agency fees 0.10% $0
Fidelity Inv. Inst. Ops. Co. Morgan Stanley Services Co, Inc. Sub-transfer agency fees 0.15% $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.



Name of Investment Investment Manager Type of Investment Dollar Value
Bny Mellon Mellon Stable Value Fund DFE: Common/Collective Trust $63,109,210
Total $63,109,210

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.