Retirement plan

ANDRITZ INC. SAVINGS AND INVESTMENT PLAN

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

ANDRITZ INC.EIN 14-1438713Plan #001PY 2024

5405 WINDWARD PARKWAY, SUITE 100W - ALPHARETTA, GA 30004770-640-2606

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 2, 2000

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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How to read this page

Total assets (EOY)

$478.6M

+7.2% from 2023

Total participants

3,026

+0.6% from 2023

Average account balance

$168,237

+6.0% from 2023

Annual return

12.63%

-3.07 pp from 2023

Benchmarks

See 840 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort840 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$478.63M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

2,845

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$473

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
SAGEVIEW ADVISORY GROUP, LLC2 years Service code 27 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Plan)	$841,550
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$472,679
BENNETT THRASHER LLP10+ years Service code 10 3300 RIVERWOOD PKWY STE 700 · ATLANTA, GA 30339	Accounting	$28,350
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 72 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses	$100

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$588 / participant

Recordkeeping$473K35.2%
Investment mgmt$842K62.6%
Other / not subdivided$30K2.2%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BENNETT THRASHER LLP
Auditor EIN: 581673613
Audit fees: $28,350
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,237

$110,299+52.5%

$102,423+64.3%

$199,593-15.7%

Participation rate

92.1%

86.3%+5.8pp

76.5%+15.6pp

72.0%+20.1pp

Annual return

12.63%

35.73%-23.1pp

29.32%-16.7pp

34.25%-21.6pp

Employer contribution / active EE

$4,007

$3,603+11.2%

$3,023+32.5%

$3,034+32.1%

Participant deferral / active EE

$7,615

$6,376+19.4%

$5,053+50.7%

$5,087+49.7%

Admin fee / account holder

$473

$122+286.4%

$9,451-95.0%

$269+75.8%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC2 years

Service code 27

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Plan)

$841,550

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$472,679

BENNETT THRASHER LLP10+ years

Service code 10

3300 RIVERWOOD PKWY STE 700 · ATLANTA, GA 30339

Accounting

$28,350

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 72

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses

$100

ANDRITZ INC. SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDRITZ INC. SAVINGS AND INVESTMENT PLAN

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