Retirement plan

DAY AND ZIMMERMANN AO/MHG MERGED PENSION PLAN (FORMERLY KNOWN AS RETIREMENT PLAN FOR BARGAINING EMPLOYEES AT IAAP)

Name: AMERICAN ORDNANCE, LLC C/O IOWA ARMY AMMUNITION PLANT - DAY AND ZIMMERMANN AO/MHG MERGED PENSION PLAN (FORMERLY KNOWN AS RETIREMENT PLAN FOR BARGAINING EMPLOYEES AT IAAP) (2024) Form 5500
Creator: AMERICAN ORDNANCE, LLC C/O IOWA ARMY AMMUNITION PLANT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAY AND ZIMMERMANN AO/MHG MERGED PENSION PLAN (FORMERLY KNOWN AS RETIREMENT PLAN FOR BARGAINING EMPLOYEES AT IAAP), AMERICAN ORDNANCE, LLC C/O IOWA ARMY AMMUNITION PLANT

AMERICAN ORDNANCE, LLC C/O IOWA ARMY AMMUNITION PLANTEIN 62-1735307Plan #004PY 2024

1500 SPRING GARDEN STREET, 9TH FLOOR - PHILADELPHIA, PA 19130215-299-8000

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$88.3M

-6.5% from 2023

Total participants

1,840

+2.4% from 2023

Average account balance

No prior year

Annual return

1.61%

-101.66 pp from 2023

Benchmarks

See 158 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined benefit

Participants100-249

Cohort158 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$88.29M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

1,685

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
AETNA LIFE INSURANCE COMPANY1 year Service code 17 · EIN 06-6033492	Pension Consulting	$231,543
THE SEGAL COMPANY5 years Filed as: SEGAL Service code 17 · EIN 13-1835864	Pension Consulting	$158,600
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL Service code 17 · EIN 42-1520346	Pension Consulting	$132,070
CAPFINANCIAL PARTNERS LLC8 years Filed as: CAPTRUST Service code 17 4208 SIX FORKS ROAD, 1700 · RALEIGH, NC 27609	Pension Consulting	$110,500
USI CONSULTING GROUP1 year Filed as: USI CONSULTING Service code 17 · EIN 06-1053228	Pension Consulting	$37,274
FISCHER DORWART, P.C.10+ years Filed as: FISCHER CUNNANE & ASSOCIATES, LTD Service code 10 · EIN 23-3060583	Accounting	$36,175
JACKSON LEWIS P.C.10+ years Filed as: JACKSON LEWIS Service code 29 · EIN 46-3862389	Legal	$5,911

Enrolled actuary

1 attachment

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Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes1B1I1A3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
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

2 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$893K

$5759 / participant

Salaries / allowances$355K39.8%
Contract admin$364K40.7%
Other / not subdivided$174K19.5%

% of EOY assets

1.011%

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: FISCHER CUNNANE & ASSOCIATES, LTD
Auditor EIN: 233060583
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,520-100.0%

$106,128-100.0%

$33,520-100.0%

Participation rate

0.0%

0.0%0pp

12.2%-12.2pp

2.1%-2.1pp

Annual return

1.61%

9.45%-7.8pp

5.04%-3.4pp

7.65%-6.0pp

Employer contribution / active EE

$14,895-100.0%

$26,454-100.0%

$20,582-100.0%

Participant deferral / active EE

$632-100.0%

$78-100.0%

$1,172-100.0%

Admin fee / account holder

$193-100.0%

$16,625-100.0%

$193-100.0%

Provider

Service type

Compensation

AETNA LIFE INSURANCE COMPANY1 year

Service code 17 · EIN 06-6033492

Pension Consulting

$231,543

THE SEGAL COMPANY5 years

Filed as: SEGAL

Service code 17 · EIN 13-1835864

Pension Consulting

$158,600

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL

Service code 17 · EIN 42-1520346

Pension Consulting

$132,070

CAPFINANCIAL PARTNERS LLC8 years

Filed as: CAPTRUST

Service code 17

4208 SIX FORKS ROAD, 1700 · RALEIGH, NC 27609

Pension Consulting

$110,500

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING

Service code 17 · EIN 06-1053228

Pension Consulting

$37,274

FISCHER DORWART, P.C.10+ years

Filed as: FISCHER CUNNANE & ASSOCIATES, LTD

Service code 10 · EIN 23-3060583

Accounting

$36,175

JACKSON LEWIS P.C.10+ years

Filed as: JACKSON LEWIS

Service code 29 · EIN 46-3862389

Legal

$5,911

DAY AND ZIMMERMANN AO/MHG MERGED PENSION PLAN (FORMERLY KNOWN AS RETIREMENT PLAN FOR BARGAINING EMPLOYEES AT IAAP)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAY AND ZIMMERMANN AO/MHG MERGED PENSION PLAN (FORMERLY KNOWN AS RETIREMENT PLAN FOR BARGAINING EMPLOYEES AT IAAP)

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Reportable transactions (Schedule G)

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