Retirement plan

FOSTER WHEELER INC. PENSION PLAN FOR CERTAIN EMPLOYEES

Name: FOSTER WHEELER, INC. - FOSTER WHEELER INC. PENSION PLAN FOR CERTAIN EMPLOYEES (2020) Form 5500
Creator: FOSTER WHEELER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOSTER WHEELER INC. PENSION PLAN FOR CERTAIN EMPLOYEES, FOSTER WHEELER, INC.

FOSTER WHEELER, INC.EIN 22-3800664Plan #006PY 2020

1075 BIG SHANTY RD., SUITE 100 - KENNESAW, GA 30144281-826-6788

Other plans on this EIN

1 filing

#002Retirement-$90.6M assets

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$177.2M

+11.9% from 2019

Total participants

1,533

-1.4% from 2019

Average account balance

No prior year

Annual return

16.75%

-3.18 pp from 2019

Benchmarks

See 531 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined benefit

Participants25-99

Cohort531 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$102.06M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

981

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

$4.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$426K

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

+3.71%

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 9 by compensation

Provider	Service type	Compensation
MERCER3+ years Service code 11 · EIN 13-2834414	Actuarial	$219,850
LEGAL & GENERAL INVESTMENT1 year Filed as: LEGAL AND GENERAL INVESTMENT MANAGE Service code 28 · EIN 35-7085469	Investment Management	$117,556
KILTEARN PARTNERS LLP3+ years Filed as: THE KILTEARN GLOBAL EQUITY FUND Service code 27 · EIN 27-4585908	Advisory (Plan)	$63,671
ELLWOOD ASSOCIATES3+ years Filed as: J.H. ELLWOOD & ASSOCIATES, INC. Service code 27 · EIN 36-3121777	Advisory (Plan)	$53,762
EISNERAMPER LLP3+ years Service code 10 · EIN 13-1639826	Accounting	$46,800
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK Service code 15 · EIN 22-1147033	Recordkeeping	$27,306
STATE STREET GLOBAL ADVISORS3+ years Filed as: STATE STREET Service code 25 · EIN 04-1867445	Directed Trustee	$22,064
MILLIMAN, INC.3+ years Service code 15 · EIN 91-0675641	Recordkeeping	$11,862
HAYNES AND BOONE, LLP1 year Service code 29 · EIN 75-1312888	Legal	$10,365

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3H1I

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).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

1 tripped

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

$1.6M

$40880 / participant

Investment mgmt$237K15.2%
Contract admin$37K2.4%
Other / not subdivided$1M82.4%

% of EOY assets

0.877%

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,651-100.0%

$305,030-100.0%

$198,586-100.0%

Participation rate

0.0%

42.9%-42.9pp

44.7%-44.7pp

13.5%-13.5pp

Annual return

16.75%

9.18%+7.6pp

380.66%-363.9pp

9.29%+7.5pp

Employer contribution / active EE

$223,106

$20,046+1013.0%

$45,083+394.9%

$15,168+1370.9%

Participant deferral / active EE

$12-100.0%

$272-100.0%

$67-100.0%

Admin fee / account holder

$7,413-100.0%

$12,800-100.0%

$2,037-100.0%

Provider

Service type

Compensation

MERCER3+ years

Service code 11 · EIN 13-2834414

Actuarial

$219,850

LEGAL & GENERAL INVESTMENT1 year

Filed as: LEGAL AND GENERAL INVESTMENT MANAGE

Service code 28 · EIN 35-7085469

Investment Management

$117,556

KILTEARN PARTNERS LLP3+ years

Filed as: THE KILTEARN GLOBAL EQUITY FUND

Service code 27 · EIN 27-4585908

Advisory (Plan)

$63,671

ELLWOOD ASSOCIATES3+ years

Filed as: J.H. ELLWOOD & ASSOCIATES, INC.

Service code 27 · EIN 36-3121777

Advisory (Plan)

$53,762

EISNERAMPER LLP3+ years

Service code 10 · EIN 13-1639826

Accounting

$46,800

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BANK

Service code 15 · EIN 22-1147033

Recordkeeping

$27,306

STATE STREET GLOBAL ADVISORS3+ years

Filed as: STATE STREET

Service code 25 · EIN 04-1867445

Directed Trustee

$22,064

MILLIMAN, INC.3+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$11,862

HAYNES AND BOONE, LLP1 year

Service code 29 · EIN 75-1312888

Legal

$10,365

FOSTER WHEELER INC. PENSION PLAN FOR CERTAIN EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOSTER WHEELER INC. PENSION PLAN FOR CERTAIN EMPLOYEES

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