Retirement plan

SMITH & NEPHEW U.S. SAVINGS PLAN

Name: SMITH AND NEPHEW, INC. - SMITH & NEPHEW U.S. SAVINGS PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$267.1M assets

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$1351.7M

-11.6% from 2016

Total participants

9,495

+6.6% from 2016

Average account balance

$142,439

-13.1% from 2016

Annual return

20.74%

-8.60 pp from 2016

Benchmarks

See 138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort138 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$456,277
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$347,668
MERCER9+ years Service code 16 · EIN 13-2834414	Consulting	$69,615
HORNE LLP7 years Filed as: HORNE Service code 16 · EIN 20-1941244	Consulting	$14,700
ALSTON & BIRD LLP9+ years Service code 16 · EIN 58-0137615	Consulting	$10,920

Plan features & details

Pension benefit codes2G2J2K2T2E

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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$178 / participant

Recordkeeping$345K29.2%
Investment mgmt$741K62.6%
Contract admin$2K0.2%
Other / not subdivided$95K8.0%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HORNE, LLP
Auditor EIN: 201941244
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,439

$118,464+20.2%

$96,564+47.5%

$103,657+37.4%

Participation rate

99.9%

89.0%+10.9pp

76.0%+23.9pp

73.4%+26.5pp

Annual return

20.74%

18.79%+1.9pp

25.89%-5.1pp

33.13%-12.4pp

Employer contribution / active EE

$8,867

$4,210+110.6%

$2,967+198.9%

$3,216+175.8%

Participant deferral / active EE

$10,200

$7,277+40.2%

$4,852+110.2%

$5,218+95.5%

Admin fee / account holder

$125

$81+53.8%

$8,256-98.5%

$114+9.3%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$456,277

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$347,668

MERCER9+ years

Service code 16 · EIN 13-2834414

Consulting

$69,615

HORNE LLP7 years

Filed as: HORNE

Service code 16 · EIN 20-1941244

Consulting

$14,700

ALSTON & BIRD LLP9+ years

Service code 16 · EIN 58-0137615

Consulting

$10,920

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