North Carolina › Manufacturing › 250 to 499 participants
Form 5500 statement · plan year 1 Jan 2022 to 31 Dec 2022
Tokai Carbon GE LLC Retirement and Savings Plan
Sponsored by Tokai Carbon GE LLC, Charlotte, NC
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Tokai Carbon GE LLC Retirement and Savings Plan is a 401(k) plan sponsored by Tokai Carbon GE LLC of Charlotte, North Carolina. For the plan year ending 31 Dec 2022 it reported 327 participants, 236 of them active, and net assets of $21.2M.
The employer contributed $551K during the year, or $2,336 per active participant against a same-size median of $2,447; participants contributed $1.0M and $259K arrived as rollovers and other contributions. Benefits paid out totalled $983K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $20K: $60.46 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $20K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $52.9M in 2016 to $21.2M in 2025 (down 60%), and participants from 1,055 to 327 (down 69%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | — | $60,185 | $62,303 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $2,187 | $2,175 |
| Schedule C compensation per participant | — | $194 | $136 | $123 |
| Schedule C compensation, share of net assets | — | 0.32% | 0.24% | 0.26% |
| Administrative expenses per participant | — | $176 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 327 | $21.2M | $64,838 | $551K | $1.0M | $20K |
| 2024 | 118 | — | — | — | — | — |
| 2023 | 312 | $24.6M | $78,881 | $620K | $1.2M | $15K |
| 2020 | 191 | $23.5M | $122,958 | $395K | $753K | $4,000 |
| 2019 | 121 | $14.5M | $120,083 | — | — | $0 |
| 2018 | 1,017 | $59.8M | $58,791 | — | — | $3,000 |
| 2017 | 1,049 | $64.6M | $61,598 | $7.4M | — | $1,000 |
| 2016 | 1,055 | $52.9M | $50,096 | — | — | $1,000 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$24,871,192
- Employer contributions$551,271
- Participant contributions$1,036,421
- Rollovers and other contributions$259,134
- Total contributions$1,846,826
- Total income, including investment results−$2,665,581
- Benefits paid$982,831
- Administrative expenses$20,369
- Total expenses$1,003,200
- Net income−$3,668,781
- Net transfers$0
- Net assets, end of year$21,202,411
Participants
- Active participants236
- Retired or separated, receiving benefits7
- Retired or separated, entitled to future benefits84
- Participants with account balances322
- Total participants, end of year327
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Capfinancial Partners LLC | Investment advisory (plan) | $13,702 | $0 |
| Prudential Retirement Insurance and | Contract Administrator; Recordkeeping and information management; Participant loan processing | $6,067 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$13,702
- Contract administrator fees$5,397
- Other trustee fees and expenses$1,270
- Total administrative expenses$20,369
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$7.6M · 35.7%
- Pooled separate accounts$4.5M · 21.3%
- Registered investment companies (mutual funds)$4.4M · 20.7%
- Insurance company general account$4.0M · 19.1%
- Participant loans$689K · 3.2%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCherry Bekaert LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 335900: Other Electrical Equipment & Component Mfg.
Similar plans in North Carolina
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Employees Retirement Savings Plan | Staunton Capital, Inc. | 336 | $6.2M | $18,376 |
| BDP & Beavers Holdings Retirement Savings Plan | Best Diamond Packaging | 327 | $5.5M | $16,799 |
| K-Flex USA 401(k) Retirement Savings Plan | K-Flex USA LLC | 340 | $9.8M | $28,752 |
| Klingspor Abrasives, Inc. 401(k) Retirement Plan | Klingspor Abrasives, Inc. | 324 | $12.5M | $38,641 |
| Allen Industries, Inc. 401(k) Plan | Allen Industries, Inc. | 341 | $19.6M | $57,407 |
| Joerns Healthcare LLC Retirement Plan | Joerns Healthcare, LLC | 319 | $17.6M | $55,087 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Tokai Carbon GE LLC Retirement and Savings Plan?
327 participants at the end of the plan year ending 31 Dec 2022, of whom 236 were active employees, with net assets of $21,202,411. Among defined contribution plans that places it in the 250 to 499 participants band, which held 21,996 plans in plan year 2024.
What does Tokai Carbon GE LLC contribute per participant?
The filing reports $551,271 in employer contributions for the year, which is $2,336 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $19,769 in compensation to service provider organisations, $60.46 per participant or 0.09% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $20,369. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Tokai Carbon GE LLC. Recordkeeping or administration: Prudential Retirement Insurance and. Investment advisory or management: Capfinancial Partners LLC. The financial statements were audited by Cherry Bekaert LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2022 to 31 Dec 2022, received by the Department of Labor on 8 May 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 81-0785534, plan 001, received 8 May 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.