Retirement plan
AMSTED INDUSTRIES INCORPORATED DEFINED BENEFIT PENSION PLAN
AMSTED INDUSTRIES INCORPORATEDEIN 36-0730380Plan #026PY 2021
180 N. STETSON, SUITE 1800 - CHICAGO, IL 60601312-645-1700amsted.comLinkedIn10001+ employeesmechanical or industrial engineering
Other plans on this EIN
4 filingsProspect flagsHigh retiree %Wind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
WAYNE LUCE
Signed 07/14/2022
Summary metrics
Total assets (EOY)
$183.9M
+10.4% from 2017
Total participants
2,230
+35.3% from 2017
Average account balance
$0
No prior year
Annual return
10.55%
+0.90 pp from 2017
Benchmarks
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort239 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $48
0
Employer contribution / active EE
$0
median $4,169
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $1,032,670
0
Admin fee / account holder
$0
median $4,266
65
Annual return
10.55%
median 7.58%
Overall peer rank
65of 100
65th 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 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
WILLIS TOWERS WATSON4 years Service code 11 · EIN 53-0181291 | Actuarial | $614,594 |
FIFTH THIRD BANK2 years Service code 21 · EIN 31-0854434 | Bank Trustee | $80,598 |
CROWE LLP4 years Service code 10 · EIN 35-0921680 | Accounting | $34,395 |
Enrolled actuary
1 attachment
SB
CYNTHIA M BROWN
WILLIS TOWERS WATSON US LLC
Enrollment #2007656
233 SOUTH WACKER DRIVE SUITE 1800
CHICAGO, IL 60606
(312) 288-7700
Signed 2022-07-13
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 codes1B3D1I
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 1IFrozen planAs 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.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
Opportunity flags
2 tripped
- 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.
Expense breakdown
Schedule H Part II
Admin total
$2.2M
$4896 / participant
- Investment mgmt$169K7.7%
- Other / not subdivided$2M92.3%
% of EOY assets
1.190%
all-in expense ratio
Categories reported
1 / 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