Retirement plan

THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. 401K PLAN

Name: THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. - THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. 401K PLAN (2022) Form 5500
Creator: THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. 401K PLAN, THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC.

THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC.EIN 39-1858155Plan #001PY 2022

6737 W. WASHINGTON ST. SUITE 1400 - MILWAUKEE, WI 53214414-475-2554

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$44.4M

-35.9% from 2021

Total participants

373

-6.3% from 2021

Average account balance

$120,669

-30.6% from 2021

Annual return

-34.70%

-49.85 pp from 2021

Benchmarks

See 4,068 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,068 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.59M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

308

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+0.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 2 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$14,440
IRA GROUP2 years Service code 27 · EIN 58-1989031	Advisory (Plan)	$11,221

Plan features & details

Pension benefit codes2G2J2K2T3H2E2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$103 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.045%

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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,669

$65,437+84.4%

$86,698+39.2%

$66,949+80.2%

Participation rate

97.4%

75.5%+22.0pp

76.6%+20.9pp

69.8%+27.6pp

Annual return

-34.70%

-10.91%-23.8pp

35.96%-70.7pp

1.57%-36.3pp

Employer contribution / active EE

$5,961

$2,154+176.8%

$2,837+110.1%

$2,545+134.2%

Participant deferral / active EE

$12,820

$4,102+212.5%

$4,656+175.3%

$4,239+202.4%

Admin fee / account holder

$55

$642-91.5%

$7,492-99.3%

$594-90.8%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$14,440

IRA GROUP2 years

Service code 27 · EIN 58-1989031

Advisory (Plan)

$11,221

THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THYSSENKRUPP INDUSTRIAL SOLUTIONS (USA), INC. 401K 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