PlanOptica
Retirement plan

AMSTED RETIREMENT SAVINGS PLAN FOR BARGAINING EMPLOYEES

AMSTED INDUSTRIES, INC.EIN 36-0730380Plan #080PY 2020
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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-$3.00B assets#002Retirement-$580.0M assets#026Retirement-$176.0M assets#124Retirement-$31K assets
Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(312) 645-1700
Plan administrator signer
WAYNE LUCE
Signed 04/29/2021
How to read this page

Summary metrics

Total assets (EOY)
$48.1M
-10.4% from 2017
Total participants
1,949
-56.0% from 2017
Average account balance
$36,826
+46.6% from 2017
Annual return
7.97%
-1.66 pp from 2017

Benchmarks

See 763 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort763 peers
Snapshot2020
Participant deferral / active EE
$1,692
median $4,742
Employer contribution / active EE
$1,420
median $2,193
Participation rate
58.2%
median 94.4%
Avg account balance
$36,826
median $89,343
Admin fee / account holder
$88
median $87
Annual return
7.97%
median 15.94%
Overall peer rank
20th percentileavg across 6 metrics

Analytics

2016 - 2024
Total assets (EOY)
Plan-year ending balance
$69.53M
Average account balance
Total assets / participants with a balance (line 6g)
$56K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,245
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
59.4%
Contributions (total)
Employer and participant dollars contributed each year
$6.11M
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+23.05%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$93
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 2 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years
Service code 37 · EIN 04-2647786
Loan Processing
$108,882
STRATEGIC ADVISORS, INC.2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$6,119

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 codes2E2F2G2J2K2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

4 tripped
  • OpportunityLow participation

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

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

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

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$115K
$75 / participant
  • Investment mgmt$6K5.3%
  • Other / not subdivided$109K94.7%
% of EOY assets
0.239%
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