Retirement plan

SCHINDLER ELEVATOR CORPORATION SAVINGS AND INVESTMENT PLAN

Name: SCHINDLER ELEVATOR CORPORATION - SCHINDLER ELEVATOR CORPORATION SAVINGS AND INVESTMENT PLAN (2020) Form 5500
Creator: SCHINDLER ELEVATOR CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHINDLER ELEVATOR CORPORATION SAVINGS AND INVESTMENT PLAN, SCHINDLER ELEVATOR CORPORATION

SCHINDLER ELEVATOR CORPORATIONEIN 34-1270056Plan #002PY 2020

20 WHIPPANY ROAD, PO BOX 1935 - MORRISTOWN, NJ 079621935973-397-6500LinkedIn10001+ employeesmechanical or industrial engineering

Other plans on this EIN

3 filings

#001Retirement-$207.8M assets #009Retirement-$943K assets #008Retirement-$599K assets

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed September 12, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

20 Whippany Road, P.O. Box 1935

Morristown State: NJ Zip Code: 07962

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Schindler Long Term Savings Plan53 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$423M

-6.1% from 2016

Total participants

3,038

-8.4% from 2016

Average account balance

$144,877

+2.4% from 2016

Annual return

22.88%

-4.98 pp from 2016

Benchmarks

See 763 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort763 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$527.78M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

3,357

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 4 by compensation

Provider	Service type	Compensation
AON CONSULTING1 year Filed as: AON HEWITT INVESTMENT Service code 17 · EIN 22-2232264	Pension Consulting	$93,887
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$37,874
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$31,903
CARON & BLETZER, PLLC2 years Filed as: CARON & BLETZER Service code 16 · EIN 04-3499945	Consulting	$14,475

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$185K

$86 / participant

Investment mgmt$32K17.2%
Other / not subdivided$153K82.8%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,877

$176,471-17.9%

$95,968+51.0%

$90,274+60.5%

Participation rate

94.5%

86.6%+8.0pp

77.1%+17.4pp

73.4%+21.2pp

Annual return

22.88%

20.15%+2.7pp

91.65%-68.8pp

53.97%-31.1pp

Employer contribution / active EE

$6,685

$2,783+140.2%

$2,542+163.0%

$2,523+164.9%

Participant deferral / active EE

$10,772

$5,325+102.3%

$4,167+158.5%

$4,231+154.6%

Admin fee / account holder

$63

$154-58.9%

$6,798-99.1%

$114-44.4%

Provider

Service type

Compensation

AON CONSULTING1 year

Filed as: AON HEWITT INVESTMENT

Service code 17 · EIN 22-2232264

Pension Consulting

$93,887

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$37,874

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$31,903

CARON & BLETZER, PLLC2 years

Filed as: CARON & BLETZER

Service code 16 · EIN 04-3499945

Consulting

$14,475

SCHINDLER ELEVATOR CORPORATION SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHINDLER ELEVATOR CORPORATION SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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