Retirement plan

ADVANCED DRAINAGE SYSTEMS, INC. PROFIT SHARING RETIREMENT PLAN

Name: ADVANCED DRAINAGE SYSTEMS, INC. - ADVANCED DRAINAGE SYSTEMS, INC. PROFIT SHARING RETIREMENT PLAN (2020) Form 5500
Creator: ADVANCED DRAINAGE SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED DRAINAGE SYSTEMS, INC. PROFIT SHARING RETIREMENT PLAN, ADVANCED DRAINAGE SYSTEMS, INC.

ADVANCED DRAINAGE SYSTEMS, INC.EIN 51-0105665Plan #001PY 2020

4640 TRUEMAN BLVD. - HILLIARD, OH 430262438614-658-0106adspipe.comLinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$559.4M assets

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$92.1M

-8.8% from 2017

Total participants

5,638

-6.0% from 2017

Average account balance

$17,134

-3.6% from 2017

Annual return

-5.35%

-11.89 pp from 2017

Benchmarks

See 388 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.10B

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

6,170

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

-19.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 10 of 16 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$243,861
CROWE LLP3 years Service code 27 · EIN 35-0921680	Advisory (Plan)	$100,027
GOLDMAN SACHS1 year Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP Service code 28 · EIN 13-3575636	Investment Management	$80,020
NORTHERN TRUST COMPANY3 years Service code 28 · EIN 36-1561860	Investment Management	$62,666
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY LLC Service code 28 · EIN 26-4310632	Investment Management	$40,750
FIFTH THIRD BANK RETIREMENT SERVICE5+ years Service code 28 · EIN 31-1051736	Investment Management	$31,014
GBQ PARTNERS1 year Filed as: GBQ PARTNERS, LLC Service code 10 · EIN 20-2122306	Accounting	$26,100
NUVEEN1 year Filed as: NWQ INVESTMENT MANAGEMENT CO LLC Service code 28 · EIN 47-0875103	Investment Management	$22,074
BELLWETHER CONSULTING LLC1 year Filed as: BELLWETHER CONSULTING Service code 27 · EIN 22-3784192	Advisory (Plan)	$20,000
DELAWARE INVESTMENTS5+ years Filed as: DELAWARE CAPITAL MANAGEMENT Service code 28 · EIN 23-3061021	Investment Management	$11,772

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$678K

$182 / participant

Investment mgmt$5K0.8%
Contract admin$302K44.6%
Other / not subdivided$370K54.6%

% of EOY assets

0.736%

all-in expense ratio

Categories reported

2 / 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: GBQ PARTNERS, LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,134

$105,190-83.7%

$98,920-82.7%

$90,274-81.0%

Participation rate

92.9%

86.4%+6.6pp

76.0%+16.9pp

73.4%+19.6pp

Annual return

-5.35%

18.52%-23.9pp

196.47%-201.8pp

53.97%-59.3pp

Employer contribution / active EE

$3,831-100.0%

$2,689-100.0%

$2,523-100.0%

Participant deferral / active EE

$2,491

$5,616-55.6%

$4,245-41.3%

$4,231-41.1%

Admin fee / account holder

$126

$97+29.6%

$6,643-98.1%

$114+10.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$243,861

CROWE LLP3 years

Service code 27 · EIN 35-0921680

Advisory (Plan)

$100,027

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP

Service code 28 · EIN 13-3575636

Investment Management

$80,020

NORTHERN TRUST COMPANY3 years

Service code 28 · EIN 36-1561860

Investment Management

$62,666

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY LLC

Service code 28 · EIN 26-4310632

Investment Management

$40,750

FIFTH THIRD BANK RETIREMENT SERVICE5+ years

Service code 28 · EIN 31-1051736

Investment Management

$31,014

GBQ PARTNERS1 year

Filed as: GBQ PARTNERS, LLC

Service code 10 · EIN 20-2122306

Accounting

$26,100

NUVEEN1 year

Filed as: NWQ INVESTMENT MANAGEMENT CO LLC

Service code 28 · EIN 47-0875103

Investment Management

$22,074

BELLWETHER CONSULTING LLC1 year

Filed as: BELLWETHER CONSULTING

Service code 27 · EIN 22-3784192

Advisory (Plan)

$20,000

DELAWARE INVESTMENTS5+ years

Filed as: DELAWARE CAPITAL MANAGEMENT

Service code 28 · EIN 23-3061021

Investment Management

$11,772

ADVANCED DRAINAGE SYSTEMS, INC. PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED DRAINAGE SYSTEMS, INC. PROFIT SHARING RETIREMENT 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