Retirement plan

LINDE U.S. PENSION PLAN

Name: LINDE INC. (F/K/A PRAXAIR, INC.) - LINDE U.S. PENSION PLAN (2019) Form 5500
Creator: LINDE INC. (F/K/A PRAXAIR, INC.)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINDE U.S. PENSION PLAN, LINDE INC. (F/K/A PRAXAIR, INC.)

LINDE INC. (F/K/A PRAXAIR, INC.)EIN 06-1249050Plan #335PY 2019

10 RIVERVIEW DRIVE - DANBURY, CT 068106268203-837-2000

Other plans on this EIN

2 filings

#334Retirement-$2.00B assets #333Retirement-$110.9M assets

Prospect flagsHigh retiree %Low employer contribution

Top hat statement on fileNQDC

Filed October 25, 2018 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

10 Riverview Drive

Danbury State: CT Zip Code: 06810

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Plans declared (8)

Praxair, Inc. Equalization Benefit Plan191 emp
Praxair, Inc. Supplemental Retirement Income Plan A191 emp
Praxair, Inc. Supplemental Retirement Income Plan B191 emp
Praxair, Inc. Compensation Deferral Program422 emp
Amended and Restated 2009 Praxair, Inc. Long Term Incentive Plan380 emp
+3 more

Total covered: 1,530 employees

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Total assets (EOY)

$1960.9M

-0.5% from 2016

Total participants

17,897

+2.4% from 2016

Average account balance

No prior year

Annual return

17.41%

-8.69 pp from 2016

Benchmarks

See 196 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants5,000-9,999

Cohort196 peers

Snapshot2019

Participant deferral / active EE

median $62

Employer contribution / active EE

$3,823

median $9,348

Participation rate

0.0%

median 0.0%

Avg account balance

Admin fee / account holder

Annual return

17.41%

median 17.11%

Overall peer rank

36of 100

36th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$2.08B

Average account balance

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

$117K

Participants with account balance

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

10,978

Eligible Participants and Participation

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

0.0%

Contributions (total)

Employer and participant dollars contributed each year

$25.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.33%

Admin fee / account holder

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

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 26 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY REAL ESTATE ADVISOR Service code 28 · EIN 20-0109235	Investment Management	$1,622,661
PZENA INVESTMENT MANAGEMENT2 years Filed as: PZENA INVESTMENT MANAGEMENT LLC. Service code 28 · EIN 13-3860154	Investment Management	$1,045,156
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: MAWER INVESTMENT MANAGEMENT LTD. Service code 28 · EIN 26-3761443	Investment Management	$962,998
COLUMBUS CIRCLE INVESTORS5+ years Service code 28 · EIN 06-1404803	Investment Management	$888,601
BUCK GLOBAL, LLC1 year Filed as: BUCK GLOBAL Service code 15 · EIN 13-3954297	Recordkeeping	$816,766
SHENKMAN CAPITAL MANAGEMENT5+ years Service code 28 · EIN 13-3280361	Investment Management	$568,054
AON CONSULTING3 years Filed as: AON Service code 15 · EIN 36-3871028	Recordkeeping	$492,848
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Filed as: PRUDENTIAL INVESTMENTS Service code 13 · EIN 22-1211670	Contract Administrator	$322,976
DODGE & COX1 year Service code 28 · EIN 94-1441976	Investment Management	$308,648
NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860	Bank Trustee	$276,917

Enrolled actuary

1 attachment

JACOB GRICE

WILLIS TOWERS WATSON US LLC

Enrollment #2007441

3001 SUMMER STREET

STAMFORD, CT 06905

(203) 326-5400

Signed 2020-09-25

Plan features & details

Pension benefit codes1A1C3H3J

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$20.7M

$3171 / participant

Investment mgmt$6M29.3%
Other / not subdivided$15M70.7%

% of EOY assets

1.058%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,635-100.0%

Participation rate

0.0%

0.0%0pp

6.0%-6.0pp

0.0%0pp

Annual return

17.41%

1023.85%-1006.4pp

18.06%-0.7pp

1023.85%-1006.4pp

Employer contribution / active EE

$3,823

$11,605-67.1%

$30,411-87.4%

$11,605-67.1%

Participant deferral / active EE

$275-100.0%

$40-100.0%

$275-100.0%

Admin fee / account holder

$1,675-100.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY REAL ESTATE ADVISOR

Service code 28 · EIN 20-0109235

Investment Management

$1,622,661

PZENA INVESTMENT MANAGEMENT2 years

Filed as: PZENA INVESTMENT MANAGEMENT LLC.

Service code 28 · EIN 13-3860154

Investment Management

$1,045,156

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: MAWER INVESTMENT MANAGEMENT LTD.

Service code 28 · EIN 26-3761443

Investment Management

$962,998

COLUMBUS CIRCLE INVESTORS5+ years

Service code 28 · EIN 06-1404803

Investment Management

$888,601

BUCK GLOBAL, LLC1 year

Filed as: BUCK GLOBAL

Service code 15 · EIN 13-3954297

Recordkeeping

$816,766

SHENKMAN CAPITAL MANAGEMENT5+ years

Service code 28 · EIN 13-3280361

Investment Management

$568,054

AON CONSULTING3 years

Filed as: AON

Service code 15 · EIN 36-3871028

Recordkeeping

$492,848

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Filed as: PRUDENTIAL INVESTMENTS

Service code 13 · EIN 22-1211670

Contract Administrator

$322,976

DODGE & COX1 year

Service code 28 · EIN 94-1441976

Investment Management

$308,648

NORTHERN TRUST COMPANY5+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$276,917

LINDE U.S. PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (8)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JACOB GRICE

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINDE U.S. PENSION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (8)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

JACOB GRICE

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