Retirement plan

ZOLL MEDICAL CORPORATION EMPLOYEE SAVINGS PLAN

Name: ZOLL MEDICAL CORPORATION - ZOLL MEDICAL CORPORATION EMPLOYEE SAVINGS PLAN (2022) Form 5500
Creator: ZOLL MEDICAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZOLL MEDICAL CORPORATION EMPLOYEE SAVINGS PLAN, ZOLL MEDICAL CORPORATION

ZOLL MEDICAL CORPORATIONEIN 04-2711626Plan #001PY 2022

269 MILL ROAD - CHELMSFORD, MA 01824800-242-9150zoll.comLinkedIn1001-5000 employeesmedical devices

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed October 6, 2016

Plan administrator

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269 Mill Road

Chelmsford State: MA Zip Code: 01824

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$518.6M

-18.6% from 2016

Total participants

6,190

-8.7% from 2016

Average account balance

$85,014

-6.9% from 2016

Annual return

-16.46%

-9.22 pp from 2016

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$782.02M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$119K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

6,546

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.74%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$-87

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$109,628
CAPFINANCIAL PARTNERS LLC7 years Filed as: CAPFINANCIAL SECURITIES LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$62,730
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US,LLP Service code 10 · EIN 39-0859910	Accounting	$31,500
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$773,683

Plan features & details

Pension benefit codes3H2E2F2G2J2K2S2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

-$570K

$-116 / participant

Investment mgmt$110K0.0%

% of EOY assets

-0.110%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,014

$130,052-34.6%

$86,717-2.0%

$77,906+9.1%

Participation rate

98.2%

85.9%+12.2pp

76.6%+21.6pp

73.7%+24.5pp

Annual return

-16.46%

-12.73%-3.7pp

35.97%-52.4pp

12.16%-28.6pp

Employer contribution / active EE

$4,866

$3,214+51.4%

$2,837+71.5%

$2,846+71.0%

Participant deferral / active EE

$9,157

$5,741+59.5%

$4,657+96.6%

$4,805+90.6%

Admin fee / account holder

-$94

$132-170.9%

$7,494-101.2%

$133-170.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$109,628

CAPFINANCIAL PARTNERS LLC7 years

Filed as: CAPFINANCIAL SECURITIES LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$62,730

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US,LLP

Service code 10 · EIN 39-0859910

Accounting

$31,500

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$773,683

ZOLL MEDICAL CORPORATION EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZOLL MEDICAL CORPORATION EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion