Retirement plan

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Name: FLUOR MARINE PROPULSION, LLC - SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES (2022) Form 5500
Creator: FLUOR MARINE PROPULSION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES, FLUOR MARINE PROPULSION, LLC

FLUOR MARINE PROPULSION, LLCEIN 82-4281125Plan #002PY 2022

814 PITTSBURGH MCKEESPORT BOULEVARD - WEST MIFFLIN, PA 151220079412-476-6444

Other plans on this EIN

2 filings

#001Retirement-$1.08B assets #003Retirement-$120.6M assets

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$985.4M

-15.9% from 2019

Total participants

3,336

+0.5% from 2019

Average account balance

No prior year

Annual return

-22.20%

-30.23 pp from 2019

Benchmarks

See 78 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined benefit

Participants250-999

Cohort78 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.06B

Not enough data

1 years with asset history on file

Average account balance

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

$324K

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.

2,500

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

$21.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+4.96%

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 10 of 12 by compensation

Provider	Service type	Compensation
MERCER4 years Filed as: MERCER INVESTMENT LLC Service code 27 · EIN 30-0282430	Advisory (Plan)	$1,813,688
CONDUENT HR CONSULTING, LLC1 year Filed as: CONDUENT HR SOLUTIONS, LLC Service code 15 · EIN 04-3609848	Recordkeeping	$251,272
NORTHERN TRUST COMPANY5+ years Service code 21 · EIN 36-1561860	Bank Trustee	$199,726
METLIFE LIFE INSURANCE COMPANY4 years Filed as: METLIFE INVESTMENT MANAGEMENT Service code 28 · EIN 82-2405817	Investment Management	$78,245
BUCK GLOBAL, LLC5+ years Filed as: BUCK GLOBAL LLC Service code 11 · EIN 13-3954297	Actuarial	$78,244
ACADIAN ASSET MANAGEMENT LLC5+ years Service code 28 · EIN 04-2929221	Investment Management	$70,988
CONESTOGA CAPITAL ADVISORS, LLC5+ years Service code 28 · EIN 23-3072906	Investment Management	$51,543
THE BANK OF NEW YORK MELLON2 years Filed as: BNY MELLON Service code 10 · EIN 13-5160382	Accounting	$48,457
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INSTITUTIONAL ASSET MGMT T Service code 28 · EIN 20-2159373	Investment Management	$42,937
STATE STREET GLOBAL ADVISORS3 years Filed as: STATE STREET GLOBAL ADVISORS TRUST Service code 19 · EIN 81-4017137	Securities Custodian	$33,196

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A3F3H

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).
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$5.0M

$5479 / participant

Investment mgmt$1M27.4%
Other / not subdivided$4M72.6%

% of EOY assets

0.505%

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: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$164,233-100.0%

$319,010-100.0%

$164,233-100.0%

Participation rate

0.0%

0.0%0pp

47.0%-47.0pp

0.0%0pp

Annual return

-22.20%

-13.41%-8.8pp

10.22%-32.4pp

2.78%-25.0pp

Employer contribution / active EE

$27,503

$53,848-48.9%

$51,212-46.3%

$15,276+80.0%

Participant deferral / active EE

$1,790-100.0%

$129-100.0%

$691-100.0%

Admin fee / account holder

$1,015-100.0%

$10,810-100.0%

$1,015-100.0%

Provider

Service type

Compensation

MERCER4 years

Filed as: MERCER INVESTMENT LLC

Service code 27 · EIN 30-0282430

Advisory (Plan)

$1,813,688

CONDUENT HR CONSULTING, LLC1 year

Filed as: CONDUENT HR SOLUTIONS, LLC

Service code 15 · EIN 04-3609848

Recordkeeping

$251,272

NORTHERN TRUST COMPANY5+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$199,726

METLIFE LIFE INSURANCE COMPANY4 years

Filed as: METLIFE INVESTMENT MANAGEMENT

Service code 28 · EIN 82-2405817

Investment Management

$78,245

BUCK GLOBAL, LLC5+ years

Filed as: BUCK GLOBAL LLC

Service code 11 · EIN 13-3954297

Actuarial

$78,244

ACADIAN ASSET MANAGEMENT LLC5+ years

Service code 28 · EIN 04-2929221

Investment Management

$70,988

CONESTOGA CAPITAL ADVISORS, LLC5+ years

Service code 28 · EIN 23-3072906

Investment Management

$51,543

THE BANK OF NEW YORK MELLON2 years

Filed as: BNY MELLON

Service code 10 · EIN 13-5160382

Accounting

$48,457

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INSTITUTIONAL ASSET MGMT T

Service code 28 · EIN 20-2159373

Investment Management

$42,937

STATE STREET GLOBAL ADVISORS3 years

Filed as: STATE STREET GLOBAL ADVISORS TRUST

Service code 19 · EIN 81-4017137

Securities Custodian

$33,196

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALARIED EMPLOYEE PENSION PLAN FOR KAPL EMPLOYEES AND RETIREES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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