Retirement plan

ELBIT SYSTEMS OF AMERICA CONSOLIDATED 401K SAVINGS PLAN

Name: ELBIT SYSTEMS OF AMERICA, LLC - ELBIT SYSTEMS OF AMERICA CONSOLIDATED 401K SAVINGS PLAN (2022) Form 5500
Creator: ELBIT SYSTEMS OF AMERICA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELBIT SYSTEMS OF AMERICA CONSOLIDATED 401K SAVINGS PLAN, ELBIT SYSTEMS OF AMERICA, LLC

ELBIT SYSTEMS OF AMERICA, LLCEIN 30-0403919Plan #001PY 2022

4700 MARINE CREEK PARKWAY - FORT WORTH, TX 76179817-234-6600elbitamerica.comLinkedIn1001-5000 employeesdefense & space

Other plans on this EIN

1 filing

#002Retirement-$89.3M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$306.2M

-7.5% from 2016

Total participants

2,978

-0.2% from 2016

Average account balance

$105,548

-6.1% from 2016

Annual return

-15.30%

-7.96 pp from 2016

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$465.57M

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.

2,843

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+39.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH8+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$76,463
WHITLEY PENN LLP2 years Service code 11 ATTN LOCKBOX · DALLAS, TX 752676360	Actuarial	$53,677
FIDUCIENT ADVISORS LLC1 year Filed as: FIDUCIENT ADVISORS, LLC Service code 70 · EIN 36-4001764	Consulting Fees	$45,452
SANCTUARY ADVISORS LLC1 year Filed as: SANCTUARY WEALTH ADVISORS Service code 70 205 W 96TH ST · INDIANAPOLIS, IN 46260	Consulting Fees	$33,820
MFORCE CAPITAL2 years Service code 70 SANCTUARY ADVISORS · INDIANAPOLIS, IN 46260	Consulting Fees	$11,687
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENCUS Service code 70 · EIN 82-3719843	Consulting Fees	$5,400

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3D2R

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$322K

$132 / participant

Other / not subdivided$322K100.0%

% of EOY assets

0.105%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,548

$130,052-18.8%

$86,717+21.7%

$77,906+35.5%

Participation rate

96.8%

85.9%+10.9pp

76.6%+20.2pp

73.7%+23.1pp

Annual return

-15.30%

-12.73%-2.6pp

35.97%-51.3pp

12.16%-27.5pp

Employer contribution / active EE

$6,386

$3,214+98.7%

$2,837+125.1%

$2,846+124.4%

Participant deferral / active EE

$9,119

$5,741+58.8%

$4,657+95.8%

$4,805+89.8%

Admin fee / account holder

$111

$132-15.9%

$7,494-98.5%

$133-16.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH8+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$76,463

WHITLEY PENN LLP2 years

Service code 11

ATTN LOCKBOX · DALLAS, TX 752676360

Actuarial

$53,677

FIDUCIENT ADVISORS LLC1 year

Filed as: FIDUCIENT ADVISORS, LLC

Service code 70 · EIN 36-4001764

Consulting Fees

$45,452

SANCTUARY ADVISORS LLC1 year

Filed as: SANCTUARY WEALTH ADVISORS

Service code 70

205 W 96TH ST · INDIANAPOLIS, IN 46260

Consulting Fees

$33,820

MFORCE CAPITAL2 years

Service code 70

SANCTUARY ADVISORS · INDIANAPOLIS, IN 46260

Consulting Fees

$11,687

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENCUS

Service code 70 · EIN 82-3719843

Consulting Fees

$5,400

ELBIT SYSTEMS OF AMERICA CONSOLIDATED 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELBIT SYSTEMS OF AMERICA CONSOLIDATED 401K SAVINGS 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