Retirement plan

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES

Name: TWIN DISC, INCORPORATED - TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES (2019) 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 SALARIED EMPLOYEES, TWIN DISC, INCORPORATED

TWIN DISC, INCORPORATEDEIN 39-0667110Plan #007PY 2019

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

Other plans on this EIN

4 filings

#005Retirement-$73.3M assets #002Retirement-$42.3M assets #003Retirement-$40.2M assets #006Retirement-$1.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+15.9% from 2018

Total participants

-1.4% from 2018

Average account balance

$76,725

+28.8% from 2018

Annual return

16.63%

+21.51 pp from 2018

Benchmarks

See 14,957 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,957 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.67M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$254K

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

+11.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14060

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

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

$377K

$7241 / participant

Other / not subdivided$377K100.0%

% of EOY assets

7.790%

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

$76,725

$72,492+5.8%

$87,102-11.9%

$72,983+5.1%

Participation rate

88.5%

72.8%+15.7pp

76.9%+11.6pp

69.5%+19.0pp

Annual return

16.63%

24.46%-7.8pp

28.19%-11.6pp

81.01%-64.4pp

Employer contribution / active EE

$6,656

$1,894+251.4%

$2,521+164.0%

$2,440+172.8%

Participant deferral / active EE

$3,270-100.0%

$4,048-100.0%

$3,608-100.0%

Admin fee / account holder

$5,977

$5,055+18.2%

$7,491-20.2%

$5,124+16.6%

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR SALARIED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN DISC, INCORPORATED RETIREMENT SAVINGS PLAN FOR SALARIED 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