Retirement plan

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

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

TWIN DISC, INCORPORATEDEIN 39-0667110Plan #006PY 2024

222 E. ERIE STREET, SUITE 400 - MILWAUKEE, WI 53202262-909-6136twindisc.comLinkedIn501-1000 employeesmachinery

Other plans on this EIN

3 filings

#005Retirement-$74.8M assets #004Retirement-$51.5M assets #007Retirement-$4.7M assets

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$944K

+8.6% from 2023

Total participants

-15.9% from 2023

Average account balance

$26,977

+11.7% from 2023

Annual return

10.82%

+7.53 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$944K

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1895

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D3H

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$66K

$4737 / participant

Other / not subdivided$66K100.0%

% of EOY assets

7.024%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,977

$117,829-77.1%

$102,423-73.7%

$145,877-81.5%

Participation rate

85.7%

78.6%+7.1pp

76.5%+9.2pp

80.3%+5.4pp

Annual return

10.82%

31.83%-21.0pp

29.42%-18.6pp

551.28%-540.5pp

Employer contribution / active EE

$3,345

$3,615-7.4%

$3,023+10.7%

$4,663-28.3%

Participant deferral / active EE

$5,732-100.0%

$5,054-100.0%

$6,691-100.0%

Admin fee / account holder

$1,895

$13,335-85.8%

$9,455-80.0%

$13,402-85.9%

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

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