Retirement plan

SMITH & NEPHEW U.S. SAVINGS PLAN

Name: SMITH AND NEPHEW, INC. - SMITH & NEPHEW U.S. SAVINGS PLAN (2020) Form 5500
Creator: SMITH AND NEPHEW, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH & NEPHEW U.S. SAVINGS PLAN, SMITH AND NEPHEW, INC.

SMITH AND NEPHEW, INC.EIN 51-0123924Plan #008PY 2020

1450 BROOKS ROAD - MEMPHIS, TN 38116901-399-5466LinkedIn5001-10000 employeesmedical devices

Other plans on this EIN

1 filing

#002Retirement-$541.1M assets

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$1166.9M

-11.6% from 2016

Total participants

8,997

+6.6% from 2016

Average account balance

$129,754

-13.1% from 2016

Annual return

18.44%

-8.60 pp from 2016

Benchmarks

See 129 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort129 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52B

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

9,171

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$516,301
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$302,575
MERCER6+ years Service code 16 · EIN 13-2834414	Consulting	$50,000
ALSTON & BIRD LLP6+ years Service code 16 · EIN 58-0137615	Consulting	$26,506
BKD, LLP1 year Filed as: DIXON HUGHES GOODMAN LLP Service code 16 · EIN 56-0747981	Consulting	$12,333
HORNE LLP6+ years Service code 16 · EIN 20-1941244	Consulting	$5,000

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

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

$1.1M

$170 / participant

Investment mgmt$521K46.0%
Other / not subdivided$611K54.0%

% of EOY assets

0.097%

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: HORNE, LLP
Auditor EIN: 201941244
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,754

$124,049+4.6%

$95,968+35.2%

$93,223+39.2%

Participation rate

99.9%

88.4%+11.6pp

77.1%+22.9pp

74.9%+25.0pp

Annual return

18.44%

22.17%-3.7pp

91.65%-73.2pp

19.29%-0.9pp

Employer contribution / active EE

$7,403

$3,478+112.9%

$2,542+191.3%

$2,680+176.3%

Participant deferral / active EE

$8,281

$6,147+34.7%

$4,167+98.7%

$4,563+81.5%

Admin fee / account holder

$126

$73+73.3%

$6,798-98.1%

$79+59.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$516,301

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$302,575

MERCER6+ years

Service code 16 · EIN 13-2834414

Consulting

$50,000

ALSTON & BIRD LLP6+ years

Service code 16 · EIN 58-0137615

Consulting

$26,506

BKD, LLP1 year

Filed as: DIXON HUGHES GOODMAN LLP

Service code 16 · EIN 56-0747981

Consulting

$12,333

HORNE LLP6+ years

Service code 16 · EIN 20-1941244

Consulting

$5,000

SMITH & NEPHEW U.S. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SMITH & NEPHEW U.S. SAVINGS 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