Retirement plan

PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN

Name: OMAHA STANDARD, LLC - PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN (2020) Form 5500
Creator: OMAHA STANDARD, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN, OMAHA STANDARD, LLC

OMAHA STANDARD, LLCEIN 46-2423518Plan #001PY 2020

3501 S. 11TH STREET - COUNCIL BLUFFS, IA 51501712-256-9312LinkedIn501-1000 employeesmachinery

Other plans on this EIN

1 filing

#004Retirement-$2.5M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$22.5M

+26.7% from 2019

Total participants

567

-19.6% from 2019

Average account balance

$50,130

+33.5% from 2019

Annual return

16.39%

-5.89 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.85M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

936

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.00M

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$55,044
USI CONSULTING GROUP1 year Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$18,980
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CIRA Service code 27 · EIN 42-1445429	Advisory (Plan)	$16,333
RSM US LLP1 year Service code 27 · EIN 42-0714325	Advisory (Plan)	$10,500
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$4,318

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$105K

$213 / participant

Contract admin$4K4.1%
Other / not subdivided$101K95.9%

% of EOY assets

0.469%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,130

$79,519-37.0%

$95,960-47.8%

$73,412-31.7%

Participation rate

75.9%

81.2%-5.3pp

77.1%-1.2pp

72.2%+3.7pp

Annual return

16.39%

19.20%-2.8pp

91.63%-75.2pp

59.30%-42.9pp

Employer contribution / active EE

$1,715

$2,048-16.2%

$2,541-32.5%

$2,234-23.2%

Participant deferral / active EE

$4,480

$4,138+8.3%

$4,167+7.5%

$3,806+17.7%

Admin fee / account holder

$235

$184+27.4%

$6,797-96.5%

$158+48.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$55,044

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS, INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$18,980

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CIRA

Service code 27 · EIN 42-1445429

Advisory (Plan)

$16,333

RSM US LLP1 year

Service code 27 · EIN 42-0714325

Advisory (Plan)

$10,500

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$4,318

PALFINGER U.S.A. RETIREMENT PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALFINGER U.S.A. RETIREMENT PROFIT SHARING 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