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Retirement plan

AMSTED INDUSTRIES 401(K) PLAN FOR JOINT VENTURE EMPLOYEES

AMSTED INDUSTRIES, INC.EIN 36-0730380Plan #124PY 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#026Retirement-$142.5M assets#080Retirement-$43.7M assets
Prospect flagsLow returnsHigh fees

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)
$92K
-81.1% from 2020
Total participants
6
-94.6% from 2020
Average account balance
$18,375
-62.2% from 2020
Annual return
-59.55%
-75.21 pp from 2020

Benchmarks

See 22,356 peers
Peer group
Industry33 - Manufacturing
Plan typeDefined contribution
Participants<25
Cohort22,356 peers
Snapshot2022
Participant deferral / active EE
$11,617
median $3,948
Employer contribution / active EE
$5,932
median $1,814
Participation rate
75.0%
median 87.5%
Avg account balance
$18,375
median $57,722
Admin fee / account holder
$3,997
median $1,007
Annual return
-59.55%
median -16.76%
Overall peer rank
38th percentileavg across 6 metrics

Analytics

2019 - 2024
Total assets (EOY)
Plan-year ending balance
$211K
Average account balance
Total assets / participants with a balance (line 6g)
$30K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
7
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
80.0%
Contributions (total)
Employer and participant dollars contributed each year
$45K
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+32.83%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$91
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
Not enough data
0 years with F_SCH_H allocation on file

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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 codes2E2G2J2K2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 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

2 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$20K
$4997 / participant
  • Other / not subdivided$20K100.0%
% of EOY assets
21.755%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
No opinion code on file for this filing.
Auditor firm
(not reported)
Auditor EIN
-
Audit fees
(not subdivided)
Opinion code
-