Retirement plan

AMS OSRAM SAVINGS PLAN

Name: OSRAM SYLVANIA INC. - AMS OSRAM SAVINGS PLAN (2024) Form 5500
Creator: OSRAM SYLVANIA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMS OSRAM SAVINGS PLAN, OSRAM SYLVANIA INC.

OSRAM SYLVANIA INC.EIN 04-3349012Plan #002PY 2024

275 WEST MAIN STREET - HILLSBORO, NH 03244844-862-2813sylvania.comLinkedIn5001-10000 employeeselectrical/electronic manufacturing

Other plans on this EIN

1 filing

#001Retirement-$210.3M assets

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$486.9M

+5.5% from 2023

Total participants

2,922

-1.3% from 2023

Average account balance

$175,847

+9.4% from 2023

Annual return

12.04%

-0.86 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$486.92M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

2,769

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$370

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 7 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC8 years Service code 28 · EIN 82-1061233 4 OVERLOOK POINT, SIDE B · LINCOLNSHIRE, IL 60069	Investment Management	$473,501
KPMG LLP1 year Filed as: KPMG Service code 10 · EIN 13-5565207	Accounting	$145,500
INVESCO8 years Filed as: INVESCO ADVISORS, INC. Service code 28 · EIN 58-1707262	Investment Management	$143,406
STATE STREET GLOBAL ADVISORS8 years Filed as: SSGA Service code 28 · EIN 81-4017137	Investment Management	$101,051
AON CONSULTING10+ years Filed as: AON HEWITT FINANCIAL ADVISORS Service code 26 · EIN 35-2421957	Advisory (Participants)	$100,000
BLACK & PINCKARD LLC9 years Filed as: BLACK ROCK FINANCIAL Service code 21 · EIN 94-3112180	Bank Trustee	$46,437
CLIFTONLARSONALLEN LLP8 years Service code 10 · EIN 41-0746749	Accounting	$15,750

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3F3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$980 / participant

Investment mgmt$391K38.1%
Other / not subdivided$635K61.9%

% of EOY assets

0.211%

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: KPMG, LLP
Auditor EIN: 135565207
Audit fees: $161,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$175,847

$148,970+18.0%

$136,072+29.2%

$199,960-12.1%

Participation rate

85.4%

79.4%+6.0pp

76.4%+9.0pp

72.0%+13.4pp

Annual return

12.04%

27.07%-15.0pp

580.46%-568.4pp

34.28%-22.2pp

Employer contribution / active EE

$5,572

$3,561+56.5%

$4,216+32.2%

$3,036+83.6%

Participant deferral / active EE

$8,533

$6,140+39.0%

$7,028+21.4%

$5,087+67.7%

Admin fee / account holder

$370

$144+157.4%

$6,718-94.5%

$269+37.6%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC8 years

Service code 28 · EIN 82-1061233

4 OVERLOOK POINT, SIDE B · LINCOLNSHIRE, IL 60069

Investment Management

$473,501

KPMG LLP1 year

Filed as: KPMG

Service code 10 · EIN 13-5565207

Accounting

$145,500

INVESCO8 years

Filed as: INVESCO ADVISORS, INC.

Service code 28 · EIN 58-1707262

Investment Management

$143,406

STATE STREET GLOBAL ADVISORS8 years

Filed as: SSGA

Service code 28 · EIN 81-4017137

Investment Management

$101,051

AON CONSULTING10+ years

Filed as: AON HEWITT FINANCIAL ADVISORS

Service code 26 · EIN 35-2421957

Advisory (Participants)

$100,000

BLACK & PINCKARD LLC9 years

Filed as: BLACK ROCK FINANCIAL

Service code 21 · EIN 94-3112180

Bank Trustee

$46,437

CLIFTONLARSONALLEN LLP8 years

Service code 10 · EIN 41-0746749

Accounting

$15,750

AMS OSRAM SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMS OSRAM SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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