Retirement plan

TWIN DISC, INCORPORATED - THE ACCELERATOR 401(K) SAVINGS PLAN

Name: TWIN DISC, INCORPORATED - TWIN DISC, INCORPORATED - THE ACCELERATOR 401(K) SAVINGS PLAN (2018) Form 5500
Creator: TWIN DISC, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN DISC, INCORPORATED - THE ACCELERATOR 401(K) SAVINGS PLAN, TWIN DISC, INCORPORATED

TWIN DISC, INCORPORATEDEIN 39-0667110Plan #005PY 2018

1328 RACINE STREET - RACINE, WI 534031758262-554-2567twindisc.comLinkedIn501-1000 employeesmachinery

Other plans on this EIN

4 filings

#002Retirement-$38.9M assets #003Retirement-$37.7M assets #007Retirement-$4.2M assets #006Retirement-$1.4M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$68.5M

-10.3% from 2017

Total participants

492

+19.1% from 2017

Average account balance

$144,516

-23.8% from 2017

Annual return

-6.31%

-24.55 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

$74.76M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

386

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 3 by compensation

Provider	Service type	Compensation
MARQUETTE ASSOCIATES1 year Service code 16 180 N LA SALLE STREET · CHICAGO, IL 60601	Consulting	$19,725
WIPFLI LLP2 years Service code 10 P.O. BOX 3160 · MILWAUKEE, WI 53201	Accounting	$11,950
T ROWE PRICE RPS INC4+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$2,130

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$97 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.050%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,516

$65,118+121.9%

$76,767+88.3%

$55,725+159.3%

Participation rate

94.8%

79.6%+15.2pp

77.0%+17.9pp

70.9%+24.0pp

Annual return

-6.31%

-1.27%-5.0pp

2.43%-8.7pp

244.93%-251.2pp

Employer contribution / active EE

$2,132

$1,941+9.8%

$2,485-14.2%

$2,078+2.6%

Participant deferral / active EE

$6,639

$3,688+80.0%

$3,852+72.4%

$3,356+97.9%

Admin fee / account holder

$72

$116-38.2%

$6,675-98.9%

$115-37.8%

Provider

Service type

Compensation

MARQUETTE ASSOCIATES1 year

Service code 16

180 N LA SALLE STREET · CHICAGO, IL 60601

Consulting

$19,725

WIPFLI LLP2 years

Service code 10

P.O. BOX 3160 · MILWAUKEE, WI 53201

Accounting

$11,950

T ROWE PRICE RPS INC4+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$2,130

TWIN DISC, INCORPORATED - THE ACCELERATOR 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN DISC, INCORPORATED - THE ACCELERATOR 401(K) SAVINGS 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