Retirement plan

LENNOX INTERNATIONAL INC. MERGED PROFIT SHARING AND 401(K) RETIREMENT PLAN FOR SALARIED EMPLOYEES

Name: LENNOX INTERNATIONAL INC. - LENNOX INTERNATIONAL INC. MERGED PROFIT SHARING AND 401(K) RETIREMENT PLAN FOR SALARIED EMPLOYEES (2020) Form 5500
Creator: LENNOX INTERNATIONAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENNOX INTERNATIONAL INC. MERGED PROFIT SHARING AND 401(K) RETIREMENT PLAN FOR SALARIED EMPLOYEES, LENNOX INTERNATIONAL INC.

LENNOX INTERNATIONAL INC.EIN 42-0991521Plan #042PY 2020

2140 LAKE PARK BLVD. - RICHARDSON, TX 75080972-497-5000LinkedIn1-10 employeesconsumer services

Other plans on this EIN

2 filings

#045Retirement-$106.8M assets #043Retirement-$78.9M assets

Prospect flagsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed March 8, 2019 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

2140 Lake Park Blvd.

Richardson State: TX Zip Code: 75080

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Plans declared (1)

Lennox International Inc. Supplemental Restoration Retirement Plan0 emp

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Total assets (EOY)

$701.6M

-6.0% from 2016

Total participants

4,576

-4.9% from 2016

Average account balance

$156,288

-1.4% from 2016

Annual return

16.77%

-4.65 pp from 2016

Benchmarks

See 763 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort763 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$818.46M

Not enough data

1 years with asset history on file

Average account balance

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

$220K

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.

3,717

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.

60.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$187,734
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$116,213
CLARK, SCHAEFER, HACKETT & CO.1 year Filed as: CLARK,SCHAEFER,HACKETT & C0. Service code 10 · EIN 31-0800053	Accounting	$14,000
PRICEWATERHOUSECOOPERS LLP6+ years Filed as: PRICEWATERHOUSE COOPERS LLP Service code 99 · EIN 13-4008324	Other Fees	$9,550

Plan features & details

Pension benefit codes2S2T3H2K2E2F2H2J

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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 provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$328K

$102 / participant

Investment mgmt$116K35.4%
Other / not subdivided$212K64.6%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLARK,SCHAEFER,HACKETT & CO
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,288

$176,471-11.4%

$95,968+62.9%

$90,274+73.1%

Participation rate

97.3%

86.6%+10.7pp

77.1%+20.2pp

73.4%+24.0pp

Annual return

16.77%

20.15%-3.4pp

91.65%-74.9pp

53.97%-37.2pp

Employer contribution / active EE

$5,113

$2,783+83.7%

$2,542+101.2%

$2,523+102.6%

Participant deferral / active EE

$7,831

$5,325+47.1%

$4,167+87.9%

$4,231+85.1%

Admin fee / account holder

$73

$154-52.6%

$6,798-98.9%

$114-35.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$187,734

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$116,213

CLARK, SCHAEFER, HACKETT & CO.1 year

Filed as: CLARK,SCHAEFER,HACKETT & C0.

Service code 10 · EIN 31-0800053

Accounting

$14,000

PRICEWATERHOUSECOOPERS LLP6+ years

Filed as: PRICEWATERHOUSE COOPERS LLP

Service code 99 · EIN 13-4008324

Other Fees

$9,550

LENNOX INTERNATIONAL INC. MERGED PROFIT SHARING AND 401(K) RETIREMENT PLAN FOR SALARIED EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENNOX INTERNATIONAL INC. MERGED PROFIT SHARING AND 401(K) RETIREMENT PLAN FOR SALARIED EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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