Retirement plan

ARMSTRONG PENSION PLAN

Name: ARMSTRONG HOLDINGS, INC - ARMSTRONG PENSION PLAN (2021) Form 5500
Creator: ARMSTRONG HOLDINGS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMSTRONG PENSION PLAN, ARMSTRONG HOLDINGS, INC

ARMSTRONG HOLDINGS, INCEIN 25-1563080Plan #001PY 2021

ONE ARMSTRONG PLACE - BUTLER, PA 16001724-283-0925

Other plans on this EIN

1 filing

#002Retirement-$144.3M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$98.9M

+19.8% from 2022

Total participants

1,067

-2.7% from 2022

Average account balance

$92,932

+22.9% from 2022

Annual return

17.38%

+32.69 pp from 2022

Benchmarks

See 252 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.45M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

1,146

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.04M

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

+22.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 38 · EIN 04-1590850	Participant Communication	$90,161
COHEN & COMPANY1+ years Filed as: COHEN & COMPANY, LTD. Service code 15 · EIN 34-1912961	Recordkeeping	$9,000
ARMSTRONG PENSION PLAN1+ years Service code 10 · EIN 25-1563080	Accounting	$8,000
GLOBAL RETIREMENT PARTNERS LLC1+ years Service code 27 · EIN 47-1411118	Advisory (Plan)	$7,500
THE VANGUARD GROUP, INC.1+ years Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2C2F2G2K3D3H2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$107K

$115 / participant

Investment mgmt$94K88.2%
Contract admin$5400.5%
Other / not subdivided$12K11.3%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

2 / 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: GROSSMAN YANEK & FORD
Auditor EIN: 251638525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,932

$89,904+3.4%

$453,569-79.5%

$86,828+7.0%

Participation rate

99.7%

75.7%+23.9pp

78.0%+21.7pp

72.3%+27.4pp

Annual return

17.38%

19.72%-2.3pp

64.43%-47.1pp

97.95%-80.6pp

Employer contribution / active EE

$3,937

$3,279+20.1%

$4,072-3.3%

$2,406+63.6%

Participant deferral / active EE

$5,114-100.0%

$6,211-100.0%

$4,132-100.0%

Admin fee / account holder

$100

$156-35.5%

$11,214-99.1%

$170-40.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 38 · EIN 04-1590850

Participant Communication

$90,161

COHEN & COMPANY1+ years

Filed as: COHEN & COMPANY, LTD.

Service code 15 · EIN 34-1912961

Recordkeeping

$9,000

ARMSTRONG PENSION PLAN1+ years

Service code 10 · EIN 25-1563080

Accounting

$8,000

GLOBAL RETIREMENT PARTNERS LLC1+ years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$7,500

THE VANGUARD GROUP, INC.1+ years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

ARMSTRONG PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMSTRONG PENSION PLAN

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