Retirement plan

TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Name: TWIN DISC, INCORPORATED - TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES (2024) Form 5500
Creator: TWIN DISC, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES, TWIN DISC, INCORPORATED

TWIN DISC, INCORPORATEDEIN 39-0667110Plan #004PY 2024

222 E ERIE STREET, SUITE 400 - MILWAUKEE, WI 53202262-638-4000twindisc.comLinkedIn501-1000 employeesmachinery

Other plans on this EIN

3 filings

#005Retirement-$74.8M assets #007Retirement-$4.7M assets #006Retirement-$944K assets

Prospect flagsHigh retiree %Low returnsWind-down / frozen

How to read this page

Total assets (EOY)

$51.5M

-12.2% from 2023

Total participants

851

-2.2% from 2023

Average account balance

No prior year

Annual return

-0.09%

-7.75 pp from 2023

Benchmarks

See 363 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants25-99

Cohort363 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.46M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

814

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-0.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
INCOME RESEARCH & MANAGEMENT2 years Filed as: INCOME RESEARCH AND MANAGEMENT Service code 28 · EIN 04-2955404	Investment Management	$99,692
MARQUETTE ASSOCIATES2 years Filed as: MARQUETTE ASSOCIATES INVESTMENT Service code 27 180 N LASALLE ST. SUITE 3500 · CHICAGO, IL 60601	Advisory (Plan)	$49,000
WILLIS TOWERS WATSON US LLC2 years Filed as: WILLIS TOWERS WATSON Service code 11 · EIN 23-1159360	Actuarial	$48,667
MIDWEST INSTITUTIONAL TRUST COMPANY1 year Service code 19 · EIN 93-1799133	Securities Custodian	$15,406
WIPFLI LLP2 years Service code 10 · EIN 39-0758449	Accounting	$14,000
EAGLE CAPITAL MANAGEMENT, LLC2 years Filed as: EAGLE ASSET MANAGEMENT Service code 28 · EIN 59-2385219	Investment Management	$9,827
FIDUCIARY INVESTMENT ADVISORS2 years Filed as: FIDUCIARY TRUST INTERNATIONAL Service code 28 · EIN 65-0080824	Investment Management	$9,637
LSV ASSET MANAGEMENT2 years Filed as: LSV MANAGEMENT Service code 28 · EIN 23-2772200	Investment Management	$4,358

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes3H1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$502K

$13573 / participant

Trustee / custodial$15K3.1%
Investment mgmt$173K34.4%
Actuarial$49K9.7%
Other / not subdivided$266K52.9%

% of EOY assets

0.976%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $14,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,644-100.0%

$106,128-100.0%

$52,198-100.0%

Participation rate

0.0%

11.9%-11.9pp

12.2%-12.2pp

11.0%-11.0pp

Annual return

-0.09%

7.25%-7.3pp

5.16%-5.3pp

8.21%-8.3pp

Employer contribution / active EE

$13,308-100.0%

$26,446-100.0%

$13,837-100.0%

Participant deferral / active EE

$61-100.0%

$78-100.0%

$62-100.0%

Admin fee / account holder

$172-100.0%

$16,625-100.0%

$1,652-100.0%

Provider

Service type

Compensation

INCOME RESEARCH & MANAGEMENT2 years

Filed as: INCOME RESEARCH AND MANAGEMENT

Service code 28 · EIN 04-2955404

Investment Management

$99,692

MARQUETTE ASSOCIATES2 years

Filed as: MARQUETTE ASSOCIATES INVESTMENT

Service code 27

180 N LASALLE ST. SUITE 3500 · CHICAGO, IL 60601

Advisory (Plan)

$49,000

WILLIS TOWERS WATSON US LLC2 years

Filed as: WILLIS TOWERS WATSON

Service code 11 · EIN 23-1159360

Actuarial

$48,667

MIDWEST INSTITUTIONAL TRUST COMPANY1 year

Service code 19 · EIN 93-1799133

Securities Custodian

$15,406

WIPFLI LLP2 years

Service code 10 · EIN 39-0758449

Accounting

$14,000

EAGLE CAPITAL MANAGEMENT, LLC2 years

Filed as: EAGLE ASSET MANAGEMENT

Service code 28 · EIN 59-2385219

Investment Management

$9,827

FIDUCIARY INVESTMENT ADVISORS2 years

Filed as: FIDUCIARY TRUST INTERNATIONAL

Service code 28 · EIN 65-0080824

Investment Management

$9,637

LSV ASSET MANAGEMENT2 years

Filed as: LSV MANAGEMENT

Service code 28 · EIN 23-2772200

Investment Management

$4,358

TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN DISC, INC COMBINED RETIREMENT PLAN FOR RACINE HOURLY AND SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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