Retirement plan

AMSTED INDUSTRIES INCORPORATED EMPLOYEES' STOCK OWNERSHIP PLAN

AMSTED INDUSTRIES INCORPORATEDEIN 36-0730380Plan #004PY 2021
180 N STETSON, SUITE 1800 - CHICAGO, IL 606016808312-645-1700amsted.comLinkedIn10001+ employeesmechanical or industrial engineering
Prospect flagsHigh retiree %High assets / participantWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
WAYNE LUCE
Signed 07/14/2022
(312) 645-1700

Summary metrics

Total assets (EOY)
$3592.6M
-9.4% from 2017
Total participants
8,233
-1.0% from 2017
Average account balance
$437,849
-8.7% from 2017
Annual return
32.80%
-34.35 pp from 2017

Benchmarks

Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort773 peers
Snapshot2021
Participant deferral / active EE
$0
median $4,995
Employer contribution / active EE
$0
median $2,479
Participation rate
99.3%
median 93.7%
Avg account balance
$437,849
median $93,206
Admin fee / account holder
$0
median $89
Annual return
32.80%
median 15.05%
Overall peer rank
94th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$4.44B
Average account balance
Total assets / participants with a balance (line 6g)
$475K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,344
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.6%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+29.97%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Top hat statement on fileNQDC

Filed March 29, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Plan features & details

Pension benefit codes2I2O2Q3I
Plan features
  • 2I
    Stock bonus
    Stock bonus plan.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2Q
    ESOP maintained by an S corporation
    The employer maintaining this ESOP is an S corporation.
  • 3I
    Employer securities investment required
    Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped
  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
CROWE LLP
Auditor EIN
350921680
Audit fees
(not subdivided)
Opinion code
Disclaimer