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Retirement plan

AMSTED INDUSTRIES INCORPORATED DEFINED BENEFIT PENSION PLAN

AMSTED INDUSTRIES INCORPORATEDEIN 36-0730380Plan #026PY 2018
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180 N. STETSON, SUITE 1800 - CHICAGO, IL 60601312-645-1700amsted.comLinkedIn10001+ employeesmechanical or industrial engineering
Other plans on this EIN
4 filings
#004Retirement-$3.14B assets#002Retirement-$537.9M assets#080Retirement-$47.9M assets#125Retirement--
Prospect flagsHigh retiree %Low participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 645-1700
Plan administrator signer
WAYNE LUCE
Signed 06/20/2019
How to read this page

Summary metrics

Total assets (EOY)
$153.6M
+10.4% from 2017
Total participants
2,463
+35.3% from 2017
Average account balance
$0
No prior year
Annual return
0.47%
+0.90 pp from 2017

Benchmarks

See 300 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort300 peers
Snapshot2018
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$8,468
median $6,263
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $95,887
Admin fee / account holder
$0
median $296
Annual return
0.47%
median -4.89%
Overall peer rank
40th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$147.24M
Average account balance
Total assets / participants with a balance (line 6g)
$70K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,800
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$2.94M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.51%
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

Top 8 by compensation
ProviderService typeCompensation
WILLIS TOWERS WATSON1 year
Service code 11 · EIN 53-0181291
Actuarial
$1,002,359
WELLS FARGO BANK, N.A.3+ years
Service code 21 · EIN 94-1347393
Bank Trustee
$71,078
CROWE LLP1 year
Service code 10 · EIN 35-0921680
Accounting
$29,900
CITIBANK1 year
Service code 27
399 PARK AVENUE · NEW YORK CITY, NY 10043
Advisory (Plan)
$26,516
LEGAL AND GENERAL2 years
Service code 18 · EIN 35-7085469
Investment management fees paid direc...
$23,183
VEDDER, PRICE, KAUFMAN & KAMMHOLZ3+ years
Service code 29 · EIN 36-2216929
Legal
$20,340
BLACKROCK1 year
Service code 27
40 EAST 52ND STREET · NEW YORK, NY 10022
Advisory (Plan)
$9,763
WELLINGTON TRUST COMPANY1 year
Service code 27
28 CONGRESS STREET · BOSTON, MA 02210
Advisory (Plan)
$5,014

Enrolled actuary

1 attachment
SB

CHRISTINA TAYLOR

WILLIS TOWERS WATSON USA LLC
Enrollment #1707088
233 SOUTH WACKER DRIVE SUITE 1800
CHICAGO, IL 60606
(312) 288-7700
Signed 2019-06-19

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.

Open the filing PDF

Plan features & details

Pension benefit codes1B3D1I
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • InformationalHigh retiree %

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

Expense breakdown

Schedule H Part II
Admin total
$2.7M
$2952 / participant
  • Investment mgmt$87K3.3%
  • Contract admin$908K34.1%
  • Other / not subdivided$2M62.6%
% of EOY assets
1.731%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

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