Retirement plan

OTTO BOCK HEALTHCARE LP PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Name: OTTO BOCK HEALTHCARE NORTH AMERICA, INC. - OTTO BOCK HEALTHCARE LP PROFIT SHARING AND RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: OTTO BOCK HEALTHCARE NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OTTO BOCK HEALTHCARE LP PROFIT SHARING AND RETIREMENT SAVINGS PLAN, OTTO BOCK HEALTHCARE NORTH AMERICA, INC.

OTTO BOCK HEALTHCARE NORTH AMERICA, INC.EIN 41-0824465Plan #001PY 2021

11501 ALTERRA PARKWAY, SUITE 600 - AUSTIN, TX 78758512-806-2644

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 24, 2012 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$63.1M

+24.9% from 2020

Total participants

828

+6.2% from 2020

Average account balance

$84,008

+8.6% from 2020

Annual return

28.26%

+13.16 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$108.82M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

1,628

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 10 of 23 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$144,952
MMA SECURITIES LLC4 years Service code 27 · EIN 22-3570392	Advisory (Plan)	$50,000
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US LLP Service code 10 · EIN 39-0859910	Accounting	$6,550
AMERICAN REALTY ADVISORS5+ years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN CENTURY5+ years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS5+ years Service code 52 · EIN 95-2482877	Indirect Investment Fees	$0
BLACKROCK5+ years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
COLUMBIA5+ years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
EATON VANCE5+ years Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes3H2S2E2F2G2J2K2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$192K

$363 / participant

Other / not subdivided$192K100.0%

% of EOY assets

0.305%

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: BAKER TILLY US LLP
Auditor EIN: 391413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,008

$185,342-54.7%

$111,308-24.5%

$86,821-3.2%

Participation rate

85.5%

81.0%+4.5pp

77.3%+8.2pp

72.3%+13.2pp

Annual return

28.26%

500.80%-472.5pp

54.67%-26.4pp

97.94%-69.7pp

Employer contribution / active EE

$1,892

$2,246-15.8%

$2,732-30.7%

$2,406-21.4%

Participant deferral / active EE

$6,024

$4,458+35.1%

$4,487+34.2%

$4,132+45.8%

Admin fee / account holder

$256

$255+0.3%

$7,965-96.8%

$170+51.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$144,952

MMA SECURITIES LLC4 years

Service code 27 · EIN 22-3570392

Advisory (Plan)

$50,000

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US LLP

Service code 10 · EIN 39-0859910

Accounting

$6,550

AMERICAN REALTY ADVISORS5+ years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN CENTURY5+ years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS5+ years

Service code 52 · EIN 95-2482877

Indirect Investment Fees

BLACKROCK5+ years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

COLUMBIA5+ years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

EATON VANCE5+ years

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

OTTO BOCK HEALTHCARE LP PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OTTO BOCK HEALTHCARE LP PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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