Retirement plan

BATTELLE EMPLOYEES' SAVINGS PLAN

Name: BATTELLE MEMORIAL INSTITUTE - BATTELLE EMPLOYEES' SAVINGS PLAN (2023) Form 5500
Creator: BATTELLE MEMORIAL INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BATTELLE EMPLOYEES' SAVINGS PLAN, BATTELLE MEMORIAL INSTITUTE

BATTELLE MEMORIAL INSTITUTEEIN 31-4379427Plan #003PY 2023

505 KING AVENUE - COLUMBUS, OH 43201614-424-6350

Other plans on this EIN

2 filings

#005Retirement-$1.83B assets #006Retirement-$769.0M assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed April 4, 2018 (most recent of 7 filings on file)

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Total assets (EOY)

$2707.3M

+11.3% from 2022

Total participants

13,282

+3.6% from 2022

Average account balance

$207,425

+7.3% from 2022

Annual return

12.38%

+26.48 pp from 2022

Benchmarks

See 95 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort95 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.40B

Not enough data

1 years with asset history on file

Average account balance

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

$254K

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.

13,394

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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 8 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.8+ years Service code 15 · EIN 23-1945930	Recordkeeping	$637,207
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$526,088
WILLIS TOWERS WATSON US LLC4 years Filed as: WILLIS TOWERS WATSON Service code 27 · EIN 52-1868818	Advisory (Plan)	$121,578
GRAYDON HEAD & RITCHEY8+ years Service code 29 · EIN 31-0565234	Legal	$106,023
MEADEN & MOORE, LTD.1 year Filed as: MEADEN & MOORE Service code 27 · EIN 34-1818258	Advisory (Plan)	$35,000
BRICKER GRAYDON LLP1 year Service code 29 · EIN 31-4359739	Legal	$17,590
CROWE LLP4 years Service code 27 · EIN 35-0921680	Advisory (Plan)	$11,103
QDRO CONSULTANTS COMPANY, LLC8+ years Filed as: QDRO CONSULTANTS Service code 29 · EIN 34-1820650	Legal	$5,200

Plan features & details

Pension benefit codes2E2F2G2J2K2R3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

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

$1.4M

$173 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.054%

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: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$207,425

$121,599+70.6%

$135,974+52.5%

$103,590+100.2%

Participation rate

97.3%

76.2%+21.0pp

81.9%+15.3pp

73.3%+23.9pp

Annual return

12.38%

26.09%-13.7pp

68.30%-55.9pp

33.13%-20.7pp

Employer contribution / active EE

$5,497

$4,627+18.8%

$4,859+13.1%

$3,213+71.1%

Participant deferral / active EE

$11,466

$7,782+47.3%

$7,760+47.8%

$5,214+119.9%

Admin fee / account holder

$111

$76+46.7%

$10,767-99.0%

$114-2.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$637,207

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$526,088

WILLIS TOWERS WATSON US LLC4 years

Filed as: WILLIS TOWERS WATSON

Service code 27 · EIN 52-1868818

Advisory (Plan)

$121,578

GRAYDON HEAD & RITCHEY8+ years

Service code 29 · EIN 31-0565234

Legal

$106,023

MEADEN & MOORE, LTD.1 year

Filed as: MEADEN & MOORE

Service code 27 · EIN 34-1818258

Advisory (Plan)

$35,000

BRICKER GRAYDON LLP1 year

Service code 29 · EIN 31-4359739

Legal

$17,590

CROWE LLP4 years

Service code 27 · EIN 35-0921680

Advisory (Plan)

$11,103

QDRO CONSULTANTS COMPANY, LLC8+ years

Filed as: QDRO CONSULTANTS

Service code 29 · EIN 34-1820650

Legal

$5,200

BATTELLE EMPLOYEES' SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BATTELLE EMPLOYEES' 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