Retirement plan

PENTAIR INC RETIREMENT SAVINGS AND STOCK

Name: PENTAIR INC - PENTAIR INC RETIREMENT SAVINGS AND STOCK (2023) Form 5500
Creator: PENTAIR INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENTAIR INC RETIREMENT SAVINGS AND STOCK, PENTAIR INC

PENTAIR INCEIN 41-0907434Plan #002PY 2023

5500 WAYZATA BOULEVARD, SUITE 900 - GOLDEN VALLEY, MN 554161261763-545-1730

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 3, 2000 (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)

$822.4M

-10.6% from 2016

Total participants

7,443

+1.8% from 2016

Average account balance

$111,330

-6.2% from 2016

Annual return

23.89%

-17.71 pp from 2016

Benchmarks

See 1,192 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,192 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$909.72M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

6,900

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 11 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$294,673
BLACKROCK6 years Filed as: BLACKROCK INSTITUTIONAL TRUST CO NA Service code 28 · EIN 47-1246942	Investment Management	$0
DODGE & COX9+ years Service code 60 2000 CROWN COLONY DRIVE · QUINCY, MA 02169	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INVESTMENT INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY MANAGEMENT TRUST CO Service code 60 · EIN 04-2647786	Sub-TA Fees	$0
LOOMIS SAYLES3 years Filed as: LOOMIS SAYLES TRUST COMPANY, LLC Service code 60 · EIN 20-8080381	Sub-TA Fees	$0
OAKMARK7 years Service code 60 2000 CROWN COLONY DRIVE · QUINCY, MA 02169	Sub-TA Fees	$0
RELIANCE TRUST COMPANY7 years Service code 60 · EIN 35-7085469	Sub-TA Fees	$0
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET BANK & TRUST CO Service code 52 · EIN 81-4017137	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.9+ years Filed as: VANGUARD Service code 60 455 DEVON PARK DRIVE · WAYNE, PA 190871815	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2I2J2K2O3H

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).
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

$522K

$104 / participant

Recordkeeping$520K99.7%
Contract admin$2K0.3%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,330

$103,657+7.4%

$130,298-14.6%

$103,657+7.4%

Participation rate

98.9%

73.4%+25.5pp

76.3%+22.6pp

73.4%+25.5pp

Annual return

23.89%

33.13%-9.2pp

38.90%-15.0pp

33.13%-9.2pp

Employer contribution / active EE

$3,879

$3,216+20.6%

$4,128-6.0%

$3,216+20.6%

Participant deferral / active EE

$7,470

$5,218+43.2%

$6,790+10.0%

$5,218+43.2%

Admin fee / account holder

$71

$114-38.1%

$6,025-98.8%

$114-38.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$294,673

BLACKROCK6 years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO NA

Service code 28 · EIN 47-1246942

Investment Management

DODGE & COX9+ years

Service code 60

2000 CROWN COLONY DRIVE · QUINCY, MA 02169

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INVESTMENT INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY MANAGEMENT TRUST CO

Service code 60 · EIN 04-2647786

Sub-TA Fees

LOOMIS SAYLES3 years

Filed as: LOOMIS SAYLES TRUST COMPANY, LLC

Service code 60 · EIN 20-8080381

Sub-TA Fees

OAKMARK7 years

Service code 60

2000 CROWN COLONY DRIVE · QUINCY, MA 02169

Sub-TA Fees

RELIANCE TRUST COMPANY7 years

Service code 60 · EIN 35-7085469

Sub-TA Fees

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET BANK & TRUST CO

Service code 52 · EIN 81-4017137

Indirect Investment Fees

THE VANGUARD GROUP, INC.9+ years

Filed as: VANGUARD

Service code 60

455 DEVON PARK DRIVE · WAYNE, PA 190871815

Sub-TA Fees

PENTAIR INC RETIREMENT SAVINGS AND STOCK

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENTAIR INC RETIREMENT SAVINGS AND STOCK

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