Retirement plan

SPX RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN

Name: SPX ENTERPRISES, LLC - SPX RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: SPX ENTERPRISES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPX RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN, SPX ENTERPRISES, LLC

SPX ENTERPRISES, LLCEIN 88-1769617Plan #005PY 2024

6325 ARDREY KELL ROAD, SUITE 400 - CHARLOTTE, NC 28277980-474-3700

Other plans on this EIN

2 filings

#003Retirement-$151.1M assets #206Retirement-$6.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$969.4M

-16.8% from 2023

Total participants

6,831

-5.8% from 2023

Average account balance

$163,718

-16.5% from 2023

Annual return

25.64%

-43.73 pp from 2023

Benchmarks

See 839 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort839 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$969.38M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

5,921

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+25.64%

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$277,408
MERCER1 year Filed as: MERCER INVESTMENT MANAGEMENT, INC. Service code 27 · EIN 30-0282430	Advisory (Plan)	$94,515
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$43,000
JENNER & BLOCK LLP1 year Filed as: JENNER AND BLOCK LLP Service code 29 · EIN 36-2192554	Legal	$36,008
WILLIS TOWERS WATSON US LLC1 year Filed as: WILLISTOWERSWATSON Service code 16 · EIN 53-0181291	Consulting	$15,264

Plan features & details

Pension benefit codes3B2E2H2J2K2O3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$466K

$133 / participant

Recordkeeping$274K58.8%
Investment mgmt$95K20.3%
Legal$36K7.7%
Contract admin$3K0.7%
Other / not subdivided$58K12.5%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $43,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,718

$110,258+48.5%

$102,460+59.8%

$200,096-18.2%

Participation rate

74.0%

86.3%-12.3pp

76.5%-2.5pp

72.0%+2.0pp

Annual return

25.64%

35.78%-10.1pp

29.47%-3.8pp

34.26%-8.6pp

Employer contribution / active EE

$3,222

$3,605-10.6%

$3,025+6.5%

$3,038+6.1%

Participant deferral / active EE

$5,789

$6,377-9.2%

$5,056+14.5%

$5,090+13.7%

Admin fee / account holder

$79

$122-35.6%

$9,460-99.2%

$269-70.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$277,408

MERCER1 year

Filed as: MERCER INVESTMENT MANAGEMENT, INC.

Service code 27 · EIN 30-0282430

Advisory (Plan)

$94,515

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$43,000

JENNER & BLOCK LLP1 year

Filed as: JENNER AND BLOCK LLP

Service code 29 · EIN 36-2192554

Legal

$36,008

WILLIS TOWERS WATSON US LLC1 year

Filed as: WILLISTOWERSWATSON

Service code 16 · EIN 53-0181291

Consulting

$15,264

SPX RETIREMENT SAVINGS AND STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPX RETIREMENT SAVINGS AND STOCK OWNERSHIP 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