Retirement plan

JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN

Name: JOHN BEAN TECHNOLOGIES CORPORATION - JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: JOHN BEAN TECHNOLOGIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN, JOHN BEAN TECHNOLOGIES CORPORATION

JOHN BEAN TECHNOLOGIES CORPORATIONEIN 91-1650317Plan #002PY 2023

70 WEST MADISON STREET, SUITE 4400 - CHICAGO, IL 60602800-835-5095

Other plans on this EIN

2 filings

#001Retirement-$234.8M assets #003Retirement-$16.8M assets

Prospect flagsFailed to provide benefit

Top hat statement on fileNQDC

Filed May 17, 2011

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)

$416.5M

-9.7% from 2016

Total participants

3,695

-16.4% from 2016

Average account balance

$114,525

+86.1% from 2016

Annual return

29.80%

-9.46 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$458.24M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

3,433

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$282,138
NORTHERN TRUST COMPANY1 year Service code 28 · EIN 36-1561860	Investment Management	$97,218
GRANT THORNTON LLP9+ years Service code 10 · EIN 36-6055558	Accounting	$28,025

Plan features & details

Pension benefit codes2F2G2J2K3H2E

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.
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

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$407K

$176 / participant

Recordkeeping$279K68.6%
Contract admin$3K0.7%
Other / not subdivided$125K30.7%

% of EOY assets

0.098%

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: GRAND THORNTON LLP
Auditor EIN: 366055558
Audit fees: $28,025
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,525

$104,544+9.5%

$96,564+18.6%

$80,187+42.8%

Participation rate

97.5%

86.4%+11.1pp

76.0%+21.5pp

72.9%+24.6pp

Annual return

29.80%

21.79%+8.0pp

25.89%+3.9pp

40.40%-10.6pp

Employer contribution / active EE

$6,475

$3,527+83.6%

$2,967+118.2%

$2,980+117.3%

Participant deferral / active EE

$8,849

$6,170+43.4%

$4,852+82.4%

$5,016+76.4%

Admin fee / account holder

$112

$107+4.8%

$8,256-98.6%

$145-22.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$282,138

NORTHERN TRUST COMPANY1 year

Service code 28 · EIN 36-1561860

Investment Management

$97,218

GRANT THORNTON LLP9+ years

Service code 10 · EIN 36-6055558

Accounting

$28,025

JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT 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