Retirement plan

ANDRITZ INC. SAVINGS AND INVESTMENT PLAN

Name: ANDRITZ INC. - ANDRITZ INC. SAVINGS AND INVESTMENT PLAN (2023) 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 2023

14101 CAPITAL BLVD - YOUNGSVILLE, NC 27596919-526-1900

Prospect flagsLow returnsHigh feesCorrective 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.

Open the filing PDF

How to read this page

Total assets (EOY)

$446.6M

-8.8% from 2016

Total participants

3,008

-3.7% from 2016

Average account balance

$158,653

-5.9% from 2016

Annual return

15.70%

-6.66 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC4 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 28 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Investment Management	$629,293
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$139,117
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 27 1920 MAIN ST STE 800 · IRVINE, CA 92614	Advisory (Plan)	$91,198
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 27 PO BOX 735399 · DALLAS, TX 753735399	Advisory (Plan)	$90,000
BENNETT THRASHER LLP9+ years Service code 10 3300 RIVERWOOD PKWY STE 700 · ATLANTA, GA 30339	Accounting	$24,150
QDRO CONSULTANTS COMPANY, LLC9+ years Filed as: QDRO CONSULTANTS CO LLC Service code 13 3071 PEARL ROAD · MEDINA, OH 44256	Contract Administrator	$900
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GWFS EQUITIES INC Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Distribution (12b-1) fees; Shareholde...	$170

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$590 / participant

Recordkeeping$595K44.4%
Investment mgmt$720K53.7%
Other / not subdivided$25K1.9%

% of EOY assets

0.300%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BENNETT THRASHER PC
Auditor EIN: 581673613
Audit fees: $24,150
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,653

$104,544+51.8%

$96,564+64.3%

$80,187+97.9%

Participation rate

91.5%

86.4%+5.1pp

76.0%+15.5pp

72.9%+18.6pp

Annual return

15.70%

21.79%-6.1pp

25.89%-10.2pp

40.40%-24.7pp

Employer contribution / active EE

$4,047

$3,527+14.7%

$2,967+36.4%

$2,980+35.8%

Participant deferral / active EE

$7,252

$6,170+17.5%

$4,852+49.5%

$5,016+44.6%

Admin fee / account holder

$476

$107+345.8%

$8,256-94.2%

$145+228.5%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC4 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 28

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Investment Management

$629,293

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$139,117

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 27

1920 MAIN ST STE 800 · IRVINE, CA 92614

Advisory (Plan)

$91,198

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 27

PO BOX 735399 · DALLAS, TX 753735399

Advisory (Plan)

$90,000

BENNETT THRASHER LLP9+ years

Service code 10

3300 RIVERWOOD PKWY STE 700 · ATLANTA, GA 30339

Accounting

$24,150

QDRO CONSULTANTS COMPANY, LLC9+ years

Filed as: QDRO CONSULTANTS CO LLC

Service code 13

3071 PEARL ROAD · MEDINA, OH 44256

Contract Administrator

$900

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GWFS EQUITIES INC

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Distribution (12b-1) fees; Shareholde...

$170

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