Retirement plan

LIEBHERR-AMERICA INC. PENSION PLAN

Name: LIEBHERR MINING & CONSTRUCTION - LIEBHERR-AMERICA INC. PENSION PLAN (2023) Form 5500
Creator: LIEBHERR MINING & CONSTRUCTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIEBHERR-AMERICA INC. PENSION PLAN, LIEBHERR MINING & CONSTRUCTION

LIEBHERR MINING & CONSTRUCTIONEIN 54-0885749Plan #001PY 2023

4800 CHESTNUT AVENUE - NEWPORT NEWS, VA 23607757-928-2207LinkedIn1001-5000 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$223.2M

-7.4% from 2016

Total participants

2,058

-2.6% from 2016

Average account balance

$110,830

-4.6% from 2016

Annual return

17.58%

-5.21 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$264.34M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

2,238

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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 4 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC4 years Service code 99 · EIN 26-0058143	Other Fees	$60,581
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$27,500
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$27,500
LIEBHERR-AMERICA, INC1 year Filed as: LIEBHERR-AMERICA, INC. Service code 99 · EIN 44-4000444	Other Fees	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$303K

$195 / participant

Investment mgmt$65K21.4%
Contract admin$236K77.9%
Other / not subdivided$2K0.6%

% of EOY assets

0.136%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,830

$104,544+6.0%

$96,564+14.8%

$80,187+38.2%

Participation rate

97.2%

86.4%+10.8pp

76.0%+21.2pp

72.9%+24.2pp

Annual return

17.58%

21.79%-4.2pp

25.89%-8.3pp

40.40%-22.8pp

Employer contribution / active EE

$5,198

$3,527+47.4%

$2,967+75.2%

$2,980+74.4%

Participant deferral / active EE

$7,766

$6,170+25.9%

$4,852+60.1%

$5,016+54.8%

Admin fee / account holder

$150

$107+40.9%

$8,256-98.2%

$145+3.8%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Service code 99 · EIN 26-0058143

Other Fees

$60,581

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$27,500

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$27,500

LIEBHERR-AMERICA, INC1 year

Filed as: LIEBHERR-AMERICA, INC.

Service code 99 · EIN 44-4000444

Other Fees

$10,000

LIEBHERR-AMERICA INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIEBHERR-AMERICA INC. PENSION 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