Retirement plan

HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: HUBBELL INCORPORATED - HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2020) Form 5500
Creator: HUBBELL INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, HUBBELL INCORPORATED

HUBBELL INCORPORATEDEIN 06-0397030Plan #061PY 2020

40 WATERVIEW DRIVE, P.O. BOX 1000 - SHELTON, CT 064841000475-882-4000

Other plans on this EIN

4 filings

#060Retirement-$1.09B assets #041Retirement-$473.8M assets #007Retirement-$185.5M assets #064Retirement-$5.2M assets

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

Top hat statement on fileNQDC

Filed April 29, 2010 (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.

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Total assets (EOY)

$61M

+6.9% from 2019

Total participants

3,417

+4.4% from 2019

Average account balance

$28,336

+7.0% from 2019

Annual return

12.46%

-8.34 pp from 2019

Benchmarks

See 764 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort764 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$57.96M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

2,436

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34

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 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC6+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$29,430
MORNINGSTAR1 year Service code 26 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Advisory (Participants)	$10,764
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105	Direct payment from the plan; Securit...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3F3H

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.
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

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

$44K

$17 / participant

Investment mgmt$15K33.1%
Other / not subdivided$29K66.9%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PFK O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,336

$176,491-83.9%

$95,952-70.5%

$90,288-68.6%

Participation rate

51.0%

86.6%-35.6pp

77.1%-26.1pp

73.4%-22.4pp

Annual return

12.46%

20.14%-7.7pp

91.61%-79.2pp

53.97%-41.5pp

Employer contribution / active EE

$1,139

$2,789-59.2%

$2,541-55.2%

$2,524-54.9%

Participant deferral / active EE

$824

$5,340-84.6%

$4,167-80.2%

$4,232-80.5%

Admin fee / account holder

$20

$154-86.7%

$6,795-99.7%

$114-82.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC6+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$29,430

MORNINGSTAR1 year

Service code 26

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Advisory (Participants)

$10,764

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33

211 MAIN STREET · SAN FRANCISCO, CA 94105

Direct payment from the plan; Securit...

HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUBBELL INCORPORATED EMPLOYEE SAVINGS & INVESTMENT PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Top hat statement on fileNQDC

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