Retirement plan

DOVER CORPORATION RETIREMENT SAVINGS PLAN

Name: DOVER CORPORATION - DOVER CORPORATION RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: DOVER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOVER CORPORATION RETIREMENT SAVINGS PLAN, DOVER CORPORATION

DOVER CORPORATIONEIN 53-0257888Plan #030PY 2015

3005 HIGHLAND PARK, SUITE 200 - DOWNERS GROVE, IL 60515630-541-1540dovercorporation.comLinkedIn10001+ employeesmachinery

Other plans on this EIN

1 filing

#004Retirement-$552.8M assets

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed September 20, 2001 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1005.6M

-15.4% from 2016

Total participants

19,932

+1.6% from 2016

Average account balance

$53,527

-13.0% from 2016

Annual return

-2.73%

-26.59 pp from 2016

Benchmarks

See 87 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86B

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

18,009

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$123.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$1,883,330
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON DELAWARE INC. Service code 17 · EIN 53-0181291	Pension Consulting	$228,000
BAKER & MCKENZIE LLP1+ years Service code 29 · EIN 36-2137456	Legal	$90,774
WILLIS TOWERS WATSON US LLC1+ years Filed as: TOWERS WATSON INVESTMENT SERVICES Service code 27 · EIN 52-1868818	Advisory (Plan)	$78,786
CROWE LLP1+ years Filed as: CROWE HORWATH LLP Service code 29 · EIN 35-0921680	Legal	$44,000

Plan features & details

Pension benefit codes2E2F2G2I2J2K2O2S2T3H3I

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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

5 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$132 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,527

$111,064-51.8%

$67,652-20.9%

$69,651-23.1%

Participation rate

92.0%

86.0%+5.9pp

75.7%+16.3pp

66.6%+25.4pp

Annual return

-2.73%

2.77%-5.5pp

6625.40%-6628.1pp

53.77%-56.5pp

Employer contribution / active EE

$2,229

$3,328-33.0%

$2,266-1.6%

$2,241-0.5%

Participant deferral / active EE

$3,531

$6,396-44.8%

$3,560-0.8%

$3,635-2.9%

Admin fee / account holder

$100

$72+39.5%

$4,821-97.9%

$63+58.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$1,883,330

WILLIS TOWERS WATSON US LLC1+ years

Filed as: TOWERS WATSON DELAWARE INC.

Service code 17 · EIN 53-0181291

Pension Consulting

$228,000

BAKER & MCKENZIE LLP1+ years

Service code 29 · EIN 36-2137456

Legal

$90,774

WILLIS TOWERS WATSON US LLC1+ years

Filed as: TOWERS WATSON INVESTMENT SERVICES

Service code 27 · EIN 52-1868818

Advisory (Plan)

$78,786

CROWE LLP1+ years

Filed as: CROWE HORWATH LLP

Service code 29 · EIN 35-0921680

Legal

$44,000

DOVER CORPORATION RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOVER CORPORATION RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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