Retirement plan

AKZONOBEL RETIREMENT SAVINGS PLAN

Name: AKZONOBEL, INC. - AKZONOBEL RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: AKZONOBEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AKZONOBEL RETIREMENT SAVINGS PLAN, AKZONOBEL, INC.

AKZONOBEL, INC.EIN 56-1349341Plan #076PY 2017

525 WEST VAN BUREN ST - CHICAGO, IL 60607312-544-7000

Other plans on this EIN

2 filings

#001Retirement-$311.1M assets #095Retirement-$60.5M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed February 16, 2007 (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)

$1307.2M

+10.0% from 2016

Total participants

7,575

-1.2% from 2016

Average account balance

$173,316

+10.5% from 2016

Annual return

13.73%

+6.93 pp from 2016

Benchmarks

See 384 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort384 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$818.87M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

4,530

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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 7 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES3+ years Service code 14 · EIN 77-0473565	Plan Administrator	$985,578
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 26 · EIN 04-2647786	Advisory (Participants)	$416,379
WILLIS TOWERS WATSON US LLC2 years Filed as: TOWERS WATSON Service code 15 · EIN 52-1868818	Recordkeeping	$185,986
THOMPSON HINE3+ years Filed as: THOMPSON AND HINE LLP Service code 29 · EIN 34-0575300	Legal	$28,478
BAKER TILLY US, LLP3+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 39-0859910	Accounting	$10,337
MARVIN AND COMPANY, P.C.3+ years Filed as: MARVIN DAMSMA Service code 20 65393 E. ROCKY MESA DRIVE · TUCSON, AZ 85739	Trustee (individual); Direct payment ...	$9,120
PHILIP RADTKE3+ years Service code 20 156 HERRICK ROAD · RIVERSIDE, IL 60546	Direct payment from the plan; Trustee...	$9,120

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$368 / participant

Investment mgmt$986K59.8%
Contract admin$416K25.3%
Other / not subdivided$245K14.9%

% of EOY assets

0.126%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,316

$90,410+91.7%

$91,001+90.5%

$77,958+122.3%

Participation rate

99.3%

86.4%+12.9pp

75.6%+23.7pp

71.6%+27.6pp

Annual return

13.73%

21.34%-7.6pp

4.60%+9.1pp

20.87%-7.1pp

Employer contribution / active EE

$7,555

$3,392+122.8%

$2,456+207.7%

$2,310+227.0%

Participant deferral / active EE

$6,646

$4,816+38.0%

$3,547+87.3%

$3,537+87.9%

Admin fee / account holder

$218

$79+176.6%

$5,417-96.0%

$97+124.2%

Provider

Service type

Compensation

FINANCIAL ENGINES3+ years

Service code 14 · EIN 77-0473565

Plan Administrator

$985,578

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 26 · EIN 04-2647786

Advisory (Participants)

$416,379

WILLIS TOWERS WATSON US LLC2 years

Filed as: TOWERS WATSON

Service code 15 · EIN 52-1868818

Recordkeeping

$185,986

THOMPSON HINE3+ years

Filed as: THOMPSON AND HINE LLP

Service code 29 · EIN 34-0575300

Legal

$28,478

BAKER TILLY US, LLP3+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 39-0859910

Accounting

$10,337

MARVIN AND COMPANY, P.C.3+ years

Filed as: MARVIN DAMSMA

Service code 20

65393 E. ROCKY MESA DRIVE · TUCSON, AZ 85739

Trustee (individual); Direct payment ...

$9,120

PHILIP RADTKE3+ years

Service code 20

156 HERRICK ROAD · RIVERSIDE, IL 60546

Direct payment from the plan; Trustee...

$9,120

AKZONOBEL RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AKZONOBEL 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