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Retirement plan

AMSTED INDUSTRIES INCORPORATED DEFINED BENEFIT PENSION PLAN

AMSTED INDUSTRIES INCORPORATEDEIN 36-0730380Plan #026PY 2019
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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-$3.32B assets#002Retirement-$556.1M assets#080Retirement-$50.6M assets#124Retirement-$6K assets
Prospect flagsHigh retiree %Low returnsLow 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 07/09/2020
How to read this page

Summary metrics

Total assets (EOY)
$167.8M
+10.4% from 2017
Total participants
2,397
+35.3% from 2017
Average account balance
$0
No prior year
Annual return
10.01%
+0.90 pp from 2017

Benchmarks

See 277 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort277 peers
Snapshot2019
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$13,090
median $6,709
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,557,172
Admin fee / account holder
$0
median $8,714
Annual return
10.01%
median 17.60%
Overall peer rank
21st 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 9 by compensation
ProviderService typeCompensation
JPMORGAN CHASE & CO.1 year
Service code 11 · EIN 13-4994650
Actuarial
$431,845
WILLIS TOWERS WATSON2 years
Service code 11 · EIN 53-0181291
Actuarial
$346,521
WELLS FARGO BANK, N.A.4+ years
Service code 21 · EIN 94-1347393
Bank Trustee
$69,842
CROWE LLP2 years
Service code 10 · EIN 35-0921680
Accounting
$25,595
U.S. BANCORP1 year
Service code 29 · EIN 41-0255900
Legal
$22,079
CITIGROUP INC.1 year
Service code 27 · EIN 52-1568099
Advisory (Plan)
$19,387
LEGAL AND GENERAL3 years
Service code 18 · EIN 35-7085469
Investment management fees paid direc...
$16,881
BLACKROCK2 years
Service code 27
40 EAST 52ND STREET · NEW YORK, NC 10022
Advisory (Plan)
$14,678
BANK OF AMERICA CORPORATION1 year
Service code 15 · EIN 59-0906609
Recordkeeping
$7,898

Enrolled actuary

1 attachment
SB

CHRISTINA TAYLOR

WILLIS TOWERS WATSON US LLC
Enrollment #2007088
233 SOUTH WACKER DRIVE
SUITE 1800
CHICAGO, IL 60606
(312) 288-7700
Signed 2020-07-08

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

3 tripped
  • OpportunityLow participation

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

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • 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
$2.2M
$3116 / participant
  • Investment mgmt$197K8.9%
  • Contract admin$614K27.8%
  • Other / not subdivided$1M63.2%
% of EOY assets
1.314%
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