Retirement plan

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES

Name: TWIN DISC, INCORPORATED - TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES (2020) 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 2020

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

Other plans on this EIN

4 filings

#005Retirement-$69.1M assets #002Retirement-$43.8M assets #003Retirement-$40.1M assets #007Retirement-$4.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-10.9% from 2019

Total participants

-23.1% from 2019

Average account balance

$28,946

+16.9% from 2019

Annual return

8.63%

-8.15 pp from 2019

Benchmarks

See 14,882 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,882 peers

Snapshot2020

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 codes2E2F2G2T3H

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

Expense breakdown

Schedule H Part II

Admin total

$375K

$12507 / participant

Other / not subdivided$375K100.0%

% of EOY assets

27.005%

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

$28,946

$78,425-63.1%

$95,956-69.8%

$79,858-63.8%

Participation rate

93.3%

73.5%+19.8pp

77.1%+16.3pp

69.6%+23.7pp

Annual return

8.63%

19.37%-10.7pp

91.63%-83.0pp

31.72%-23.1pp

Employer contribution / active EE

$2,334

$1,945+20.0%

$2,541-8.2%

$2,471-5.5%

Participant deferral / active EE

$3,440-100.0%

$4,167-100.0%

$3,740-100.0%

Admin fee / account holder

$7,817

$5,622+39.0%

$6,797+15.0%

$5,306+47.3%

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