Retirement plan

INGERSOLL RAND RETIREMENT SAVINGS PLAN

Name: GARDNER DENVER, INC. - INGERSOLL RAND RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: GARDNER DENVER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGERSOLL RAND RETIREMENT SAVINGS PLAN, GARDNER DENVER, INC.

GARDNER DENVER, INC.EIN 76-0419383Plan #002PY 2021

525 HARBOUR PLACE DRIVE #600, DEPARTMENT 10 - DAVIDSON, NC 28036888-922-0016

Other plans on this EIN

3 filings

#001Retirement-$58.2M assets #006Retirement-$2.5M assets #003Retirement-$1.2M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1321.5M

-2.1% from 2016

Total participants

6,955

+12.7% from 2016

Average account balance

$196,763

+1.1% from 2016

Annual return

6.18%

-9.46 pp from 2016

Benchmarks

See 773 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort773 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.40B

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

7,602

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.55%

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 8 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$304,588
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$206,907
BAKER TILLY US, LLP1 year Service code 10 · EIN 39-0859910	Accounting	$102,850
BUCK GLOBAL, LLC3 years Filed as: BUCK GLOBAL LLC Service code 10 · EIN 83-1116912	Accounting	$69,293
CHERRY BEKAERT LLP1 year Service code 10 · EIN 56-0574444	Accounting	$50,000
FOLEY & LARDNER LLP1 year Service code 29 · EIN 39-0473800	Legal	$33,905
WITHUMSMITH+BROWN, PC1 year Filed as: RUBIN BROWN LLP Service code 10 · EIN 43-0765316	Accounting	$19,600
WILLIS TOWERS WATSON US LLC1 year Service code 16 · EIN 13-5654526	Consulting	$8,550

Plan features & details

Pension benefit codes2E2G2J2K2R3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

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

$787K

$172 / participant

Investment mgmt$207K26.3%
Other / not subdivided$580K73.7%

% of EOY assets

0.060%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,763

$144,879+35.8%

$111,319+76.8%

$93,010+111.5%

Participation rate

94.8%

86.1%+8.6pp

77.3%+17.4pp

73.9%+20.9pp

Annual return

6.18%

18.11%-11.9pp

54.68%-48.5pp

158.70%-152.5pp

Employer contribution / active EE

$5,285

$3,052+73.1%

$2,732+93.5%

$2,705+95.3%

Participant deferral / active EE

$7,980

$5,576+43.1%

$4,488+77.8%

$4,561+75.0%

Admin fee / account holder

$117

$104+13.3%

$7,966-98.5%

$152-22.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$304,588

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$206,907

BAKER TILLY US, LLP1 year

Service code 10 · EIN 39-0859910

Accounting

$102,850

BUCK GLOBAL, LLC3 years

Filed as: BUCK GLOBAL LLC

Service code 10 · EIN 83-1116912

Accounting

$69,293

CHERRY BEKAERT LLP1 year

Service code 10 · EIN 56-0574444

Accounting

$50,000

FOLEY & LARDNER LLP1 year

Service code 29 · EIN 39-0473800

Legal

$33,905

WITHUMSMITH+BROWN, PC1 year

Filed as: RUBIN BROWN LLP

Service code 10 · EIN 43-0765316

Accounting

$19,600

WILLIS TOWERS WATSON US LLC1 year

Service code 16 · EIN 13-5654526

Consulting

$8,550

INGERSOLL RAND RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGERSOLL RAND RETIREMENT 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