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Retirement plan

AMSTED INDUSTRIES INCORPORATED DEFINED BENEFIT PENSION PLAN

AMSTED INDUSTRIES INCORPORATEDEIN 36-0730380Plan #026PY 2022
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111 S WACKER DR, SUITE 4400 - CHICAGO, IL 60606312-645-1700amsted.comLinkedIn10001+ employeesmechanical or industrial engineering
Other plans on this EIN
4 filings
#004Retirement-$3.26B assets#002Retirement-$545.2M assets#080Retirement-$43.7M assets#124Retirement-$92K assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 645-1700
Plan administrator signer
WAYNE LUCE
Signed 07/14/2023
How to read this page

Summary metrics

Total assets (EOY)
$142.5M
+10.4% from 2017
Total participants
2,217
+35.3% from 2017
Average account balance
$0
No prior year
Annual return
-16.17%
+0.90 pp from 2017

Benchmarks

See 217 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined benefit
Participants250-999
Cohort217 peers
Snapshot2022
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $5,154
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $164,233
Admin fee / account holder
$0
median $1,015
Annual return
-16.17%
median -18.71%
Overall peer rank
68th 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
ProviderService typeCompensation
WILLIS TOWERS WATSON5 years
Service code 11 · EIN 53-0181291
Actuarial
$640,474
FIFTH THIRD BANK3 years
Service code 21 · EIN 31-0854434
Bank Trustee
$71,951
CROWE LLP5 years
Service code 10 · EIN 35-0921680
Accounting
$36,178

Enrolled actuary

1 attachment
SB

CYNTHIA M BROWN

WILLIS TOWERS WATSON US LLC
Enrollment #2307656
233 SOUTH WACKER DRIVE SUITE 1800
CHICAGO, IL 60606
(312) 288-7700
Signed 2023-06-22

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
  • 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
$5788 / participant
  • Investment mgmt$244K10.9%
  • Other / not subdivided$2M89.1%
% of EOY assets
1.571%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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