Retirement plan

TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS PLAN

Name: TEREX CORPORATION - TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: TEREX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS PLAN, TEREX CORPORATION

TEREX CORPORATIONEIN 34-1531521Plan #004PY 2016

200 NYALA FARM ROAD - WESTPORT, CT 06880203-222-7170terex.comLinkedIn5001-10000 employeesmachinery

Other plans on this EIN

1 filing

#001Retirement-$117.1M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 23, 2014 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

200 Nyala Farm Road

Westport State: CT Zip Code: 06880

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Plans declared (1)

Terex Corporation ERISA Excess Plan16 emp

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Total assets (EOY)

$487.3M

-7.9% from 2016

Total participants

7,837

-2.6% from 2016

Average account balance

$62,377

-2.1% from 2016

Annual return

11.78%

-10.11 pp from 2016

Benchmarks

See 118 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort118 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$687.39M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

6,432

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$159,687
MERCER2+ years Service code 11 · EIN 13-2834414	Actuarial	$23,819
GODFREY & KAHN2+ years Filed as: GODFREY AND KAHN Service code 29 · EIN 39-1128206	Legal	$6,179

Plan features & details

Pension benefit codes2E2F2H2J2K2R2S2T3F3H3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$141K

$26 / participant

Other / not subdivided$141K100.0%

% of EOY assets

0.029%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,377

$88,581-29.6%

$74,184-15.9%

$65,292-4.5%

Participation rate

99.5%

86.2%+13.4pp

76.6%+22.9pp

72.4%+27.1pp

Annual return

11.78%

11.72%+0.1pp

17.74%-6.0pp

11.84%-0.1pp

Employer contribution / active EE

$2,939

$3,021-2.7%

$2,370+24.0%

$2,302+27.7%

Participant deferral / active EE

$4,426

$4,898-9.6%

$3,550+24.7%

$3,579+23.7%

Admin fee / account holder

$18

$60-69.7%

$5,586-99.7%

$57-68.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$159,687

MERCER2+ years

Service code 11 · EIN 13-2834414

Actuarial

$23,819

GODFREY & KAHN2+ years

Filed as: GODFREY AND KAHN

Service code 29 · EIN 39-1128206

Legal

$6,179

TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS 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

TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS 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