Retirement plan

OLYMPUS CORPORATION OF THE AMERICAS PENSION PLAN

Name: OLYMPUS CORPORATION OF THE AMERICAS - OLYMPUS CORPORATION OF THE AMERICAS PENSION PLAN (2019) Form 5500
Creator: OLYMPUS CORPORATION OF THE AMERICAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLYMPUS CORPORATION OF THE AMERICAS PENSION PLAN, OLYMPUS CORPORATION OF THE AMERICAS

OLYMPUS CORPORATION OF THE AMERICASEIN 11-3046497Plan #001PY 2019

3500 CORPORATE PARKWAY - CENTER VALLEY, PA 180348229484-896-3275olympusamerica.comLinkedIn5001-10000 employeesmedical devices

Other plans on this EIN

1 filing

#006Retirement-$814.3M assets

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$336.1M

-2.7% from 2017

Total participants

3,028

+18.3% from 2017

Average account balance

No prior year

Annual return

1.20%

-10.08 pp from 2017

Benchmarks

See 277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants250-999

Cohort277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$351.14M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

1,088

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+1.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Service code 59 · EIN 84-0467907	Shareholder Servicing	$376,172
FRANKLIN TEMPLETON4+ years Service code 28 · EIN 80-0733663	Investment Management	$218,132
WILLIS TOWERS WATSON US LLC2 years Filed as: WILLIS TOWERS WATSON Service code 11 · EIN 23-1159360	Actuarial	$143,213
THE BANK OF NEW YORK MELLON4+ years Filed as: MELLON CAPITAL MANAGEMENT Service code 28 · EIN 25-1442864	Investment Management	$126,044
WELLINGTON TRUST COMPANY2 years Filed as: WELLINGTON MANAGEMENT COMPANY LLP Service code 28 280 CONGRESS STREET · BOSTON, MA 02210	Investment Management	$125,070
NEW ENGLAND PENSION CONSULTANTS4+ years Service code 17 · EIN 04-3297339	Pension Consulting	$117,683
AMERICAN FUNDS1 year Filed as: CAPITAL FINANCIAL PARTNERS Service code 17 · EIN 45-0479693	Pension Consulting	$96,250

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A1C3H

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)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$3.0M

$3200 / participant

Investment mgmt$683K22.6%
Other / not subdivided$2M77.4%

% of EOY assets

0.899%

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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,370,408-100.0%

$133,543,011-100.0%

$3,370,408-100.0%

Participation rate

0.0%

0.0%0pp

8.0%-8.0pp

1.2%-1.2pp

Annual return

1.20%

221.56%-220.4pp

29.77%-28.6pp

53.27%-52.1pp

Employer contribution / active EE

$15,996

$12,096+32.2%

$33,607-52.4%

$14,774+8.3%

Participant deferral / active EE

$286-100.0%

$96-100.0%

$1,259-100.0%

Admin fee / account holder

$13,289-100.0%

$835,310-100.0%

$13,289-100.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Service code 59 · EIN 84-0467907

Shareholder Servicing

$376,172

FRANKLIN TEMPLETON4+ years

Service code 28 · EIN 80-0733663

Investment Management

$218,132

WILLIS TOWERS WATSON US LLC2 years

Filed as: WILLIS TOWERS WATSON

Service code 11 · EIN 23-1159360

Actuarial

$143,213

THE BANK OF NEW YORK MELLON4+ years

Filed as: MELLON CAPITAL MANAGEMENT

Service code 28 · EIN 25-1442864

Investment Management

$126,044

WELLINGTON TRUST COMPANY2 years

Filed as: WELLINGTON MANAGEMENT COMPANY LLP

Service code 28

280 CONGRESS STREET · BOSTON, MA 02210

Investment Management

$125,070

NEW ENGLAND PENSION CONSULTANTS4+ years

Service code 17 · EIN 04-3297339

Pension Consulting

$117,683

AMERICAN FUNDS1 year

Filed as: CAPITAL FINANCIAL PARTNERS

Service code 17 · EIN 45-0479693

Pension Consulting

$96,250

OLYMPUS CORPORATION OF THE AMERICAS PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLYMPUS CORPORATION OF THE AMERICAS PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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