Retirement plan

HILLENBRAND, INC. SAVINGS PLAN

Name: HILLENBRAND, INC. - HILLENBRAND, INC. SAVINGS PLAN (2020) Form 5500
Creator: HILLENBRAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILLENBRAND, INC. SAVINGS PLAN, HILLENBRAND, INC.

HILLENBRAND, INC.EIN 26-1342272Plan #006PY 2020

ONE BATESVILLE BOULEVARD - BATESVILLE, IN 47006812-934-7500hillenbrand.comLinkedIn5001-10000 employeesindustrial automation

Other plans on this EIN

3 filings

#007Retirement-$362.9M assets #001Retirement-$314.4M assets #013Retirement--

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

Top hat statement on fileNQDC

Filed July 1, 2010 (most recent of 2 filings on file)

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.

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Total assets (EOY)

$43.7M

-82.4% from 2019

Total participants

2,102

-15.7% from 2019

Average account balance

$52,416

-49.6% from 2019

Annual return

-75.58%

-97.34 pp from 2019

Benchmarks

See 133 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort133 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.19M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

516

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.

53.9%

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

$6K

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

-53.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$157,709
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$107,194
AON CONSULTING6+ years Filed as: AON HEWITT Service code 16 · EIN 36-3109431	Consulting	$48,522
KATZ, SAPPER & MILLER6+ years Filed as: KATZ SAPPER & MILLER Service code 10 · EIN 35-1090346	Accounting	$21,000
ABARCA & ASSOCIATES P.S.C.6+ years Service code 29 · EIN 66-0601528	Legal	$5,050

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3J

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$339K

$168 / participant

Investment mgmt$107K31.6%
Other / not subdivided$232K68.4%

% of EOY assets

0.777%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KATZ SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,416

$143,525-63.5%

$379,746-86.2%

$90,288-41.9%

Participation rate

37.2%

82.9%-45.7pp

78.4%-41.2pp

73.4%-36.1pp

Annual return

-75.58%

18.97%-94.6pp

34.90%-110.5pp

53.97%-129.6pp

Employer contribution / active EE

$3,733

$3,201+16.6%

$3,540+5.5%

$2,524+47.9%

Participant deferral / active EE

$4,712

$5,231-9.9%

$6,024-21.8%

$4,232+11.3%

Admin fee / account holder

$408

$100+306.0%

$7,927-94.9%

$114+257.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$157,709

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$107,194

AON CONSULTING6+ years

Filed as: AON HEWITT

Service code 16 · EIN 36-3109431

Consulting

$48,522

KATZ, SAPPER & MILLER6+ years

Filed as: KATZ SAPPER & MILLER

Service code 10 · EIN 35-1090346

Accounting

$21,000

ABARCA & ASSOCIATES P.S.C.6+ years

Service code 29 · EIN 66-0601528

Legal

$5,050

HILLENBRAND, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLENBRAND, INC. SAVINGS 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