Retirement plan

SMITHS INDUSTRIES, INC. INCENTIVE SAVINGS PLAN

Name: SMITHS GROUP SERVICES CORPORATION - SMITHS INDUSTRIES, INC. INCENTIVE SAVINGS PLAN (2019) Form 5500
Creator: SMITHS GROUP SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITHS INDUSTRIES, INC. INCENTIVE SAVINGS PLAN, SMITHS GROUP SERVICES CORPORATION

SMITHS GROUP SERVICES CORPORATIONEIN 22-3015350Plan #002PY 2019

818 CONNECTICUT AVENUE, NW #450 - WASHINGTON, DC 20006800-835-5095

Other plans on this EIN

1 filing

#001Retirement-$360.2M assets

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed February 13, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

20283 SANTA MARIA # 2349

CASTRO VALLEY State: CA Zip Code: 94546

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Plans declared (1)

Smiths Group Deferred Compensation Plan20 emp

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Total assets (EOY)

$1051.3M

-5.5% from 2016

Total participants

9,167

+5.2% from 2016

Average account balance

$121,762

-9.4% from 2016

Annual return

21.75%

-8.48 pp from 2016

Benchmarks

See 118 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort118 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.00B

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

6,130

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.

53.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$270,712
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL Service code 27 · EIN 26-0058143	Advisory (Plan)	$90,000
PID CONSULTING LLC2 years Service code 16 · EIN 83-1681264	Consulting	$53,877
KREISCHER MILLER5+ years Service code 10 · EIN 23-1980475	Accounting	$45,500
MMA SECURITIES LLC2 years Filed as: MARSH USA INC Service code 22 · EIN 36-1436000	Insurance Broker	$40,181
KILPATRICK TOWNSEND1 year Service code 10 · EIN 58-0511774	Accounting	$37,079

Plan features & details

Pension benefit codes2F2G2J2K2R2T2E

Plan features

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.
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.

Opportunity flags

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$523K

$86 / participant

Other / not subdivided$523K100.0%

% of EOY assets

0.050%

all-in expense ratio

Categories reported

0 / 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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,762

$117,238+3.9%

$87,102+39.8%

$82,204+48.1%

Participation rate

91.3%

87.2%+4.0pp

76.9%+14.4pp

73.4%+17.9pp

Annual return

21.75%

25.80%-4.1pp

28.19%-6.4pp

26.31%-4.6pp

Employer contribution / active EE

$4,422

$3,535+25.1%

$2,521+75.4%

$2,707+63.3%

Participant deferral / active EE

$5,696

$5,976-4.7%

$4,048+40.7%

$4,246+34.2%

Admin fee / account holder

$61

$81-25.5%

$7,493-99.2%

$76-19.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$270,712

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL

Service code 27 · EIN 26-0058143

Advisory (Plan)

$90,000

PID CONSULTING LLC2 years

Service code 16 · EIN 83-1681264

Consulting

$53,877

KREISCHER MILLER5+ years

Service code 10 · EIN 23-1980475

Accounting

$45,500

MMA SECURITIES LLC2 years

Filed as: MARSH USA INC

Service code 22 · EIN 36-1436000

Insurance Broker

$40,181

KILPATRICK TOWNSEND1 year

Service code 10 · EIN 58-0511774

Accounting

$37,079

SMITHS INDUSTRIES, INC. INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITHS INDUSTRIES, INC. INCENTIVE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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