Retirement plan

ARMSTRONG INTERNATIONAL, INC. EMPLOYEES' 401K PLAN

Name: ARMSTRONG INTERNATIONAL, INC. - ARMSTRONG INTERNATIONAL, INC. EMPLOYEES' 401K PLAN (2018) Form 5500
Creator: ARMSTRONG INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMSTRONG INTERNATIONAL, INC. EMPLOYEES' 401K PLAN, ARMSTRONG INTERNATIONAL, INC.

ARMSTRONG INTERNATIONAL, INC.EIN 38-0308010Plan #002PY 2018

816 MAPLE STREET - THREE RIVERS, MI 49093269-273-1415flo-eco.comLinkedIn51-200 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$14.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$47.7M

-1.3% from 2017

Total participants

466

+5.2% from 2017

Average account balance

$106,539

-6.3% from 2017

Annual return

-5.78%

-23.68 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.99M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

527

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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
HUNTINGTON NATIONAL BANK2 years Filed as: THE HUNTINGTON INVESTMENT COMPANY Service code 22 · EIN 31-1316299	Insurance Broker	$150,511
TRANSAMERICA RETIREMENT SOLUTIONS2 years Service code 15 · EIN 13-3689044	Recordkeeping	$125,375
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Filed as: LEAFHOUSE FINANCIAL SERVICES, LLC Service code 27 · EIN 26-4311657	Advisory (Plan)	$20,053
HUNTINGTON NATIONAL BANK4+ years Service code 15 · EIN 31-0966785	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$166K

$396 / participant

Investment mgmt$20K12.1%
Contract admin$146K87.9%

% of EOY assets

0.348%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,539

$65,118+63.6%

$76,767+38.8%

$55,725+91.2%

Participation rate

95.7%

79.6%+16.1pp

77.0%+18.7pp

70.9%+24.8pp

Annual return

-5.78%

-1.27%-4.5pp

2.43%-8.2pp

244.93%-250.7pp

Employer contribution / active EE

$3,476

$1,941+79.1%

$2,485+39.9%

$2,078+67.3%

Participant deferral / active EE

$6,990

$3,688+89.5%

$3,852+81.5%

$3,356+108.3%

Admin fee / account holder

$370

$116+219.6%

$6,675-94.5%

$115+221.5%

Provider

Service type

Compensation

HUNTINGTON NATIONAL BANK2 years

Filed as: THE HUNTINGTON INVESTMENT COMPANY

Service code 22 · EIN 31-1316299

Insurance Broker

$150,511

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Service code 15 · EIN 13-3689044

Recordkeeping

$125,375

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Filed as: LEAFHOUSE FINANCIAL SERVICES, LLC

Service code 27 · EIN 26-4311657

Advisory (Plan)

$20,053

HUNTINGTON NATIONAL BANK4+ years

Service code 15 · EIN 31-0966785

Recordkeeping

ARMSTRONG INTERNATIONAL, INC. EMPLOYEES' 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMSTRONG INTERNATIONAL, INC. EMPLOYEES' 401K 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