Retirement plan

CATERPILLAR RAIL DIVISION RETIREMENT SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: PROGRESS RAIL LOCOMOTIVE INC. - CATERPILLAR RAIL DIVISION RETIREMENT SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2020) Form 5500
Creator: PROGRESS RAIL LOCOMOTIVE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CATERPILLAR RAIL DIVISION RETIREMENT SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, PROGRESS RAIL LOCOMOTIVE INC.

PROGRESS RAIL LOCOMOTIVE INC.EIN 20-1932740Plan #002PY 2020

9301 WEST 55TH STREET - LAGRANGE, IL 60525708-387-6800LinkedIn1001-5000 employeesrailroad manufacture

Other plans on this EIN

2 filings

#003Retirement-$8.8M assets #005Retirement-$6.7M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.6M

-10.7% from 2019

Total participants

585

-19.4% from 2019

Average account balance

$50,620

+13.6% from 2019

Annual return

10.23%

-8.06 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.91M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

258

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 4 by compensation

Provider	Service type	Compensation
PRICEWATERHOUSECOOPERS LLP6+ years Service code 10 · EIN 13-4008324	Accounting	$19,844
ALIGHT SOLUTIONS LLC4 years Filed as: ALIGHT FINANCIAL ADVISORS, LLC Service code 26 · EIN 82-1061233	Advisory (Participants)	$19,794
ALIGHT SOLUTIONS LLC3 years Service code 15 · EIN 82-1061233	Recordkeeping	$12,164
ALIGHT SOLUTIONS LLC4 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Finders' fees / placement fees; Secur...	$7,500

Plan features & details

Pension benefit codes2F2G2J2K2O2R2T3F3H

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$64K

$234 / participant

Investment mgmt$28K43.5%
Contract admin$12K19.1%
Other / not subdivided$24K37.4%

% of EOY assets

0.230%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,620

$79,519-36.3%

$95,964-47.3%

$73,412-31.0%

Participation rate

85.7%

81.2%+4.5pp

77.1%+8.6pp

72.2%+13.5pp

Annual return

10.23%

19.20%-9.0pp

91.64%-81.4pp

59.30%-49.1pp

Employer contribution / active EE

$2,555

$2,048+24.8%

$2,541+0.5%

$2,234+14.4%

Participant deferral / active EE

$3,087

$4,138-25.4%

$4,167-25.9%

$3,806-18.9%

Admin fee / account holder

$116

$184-36.9%

$6,797-98.3%

$158-26.3%

Provider

Service type

Compensation

PRICEWATERHOUSECOOPERS LLP6+ years

Service code 10 · EIN 13-4008324

Accounting

$19,844

ALIGHT SOLUTIONS LLC4 years

Filed as: ALIGHT FINANCIAL ADVISORS, LLC

Service code 26 · EIN 82-1061233

Advisory (Participants)

$19,794

ALIGHT SOLUTIONS LLC3 years

Service code 15 · EIN 82-1061233

Recordkeeping

$12,164

ALIGHT SOLUTIONS LLC4 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Finders' fees / placement fees; Secur...

$7,500

CATERPILLAR RAIL DIVISION RETIREMENT SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CATERPILLAR RAIL DIVISION RETIREMENT SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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