Retirement plan

GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN

Name: GRUNDFOS PUMPS CORPORATION - GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: GRUNDFOS PUMPS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN, GRUNDFOS PUMPS CORPORATION

GRUNDFOS PUMPS CORPORATIONEIN 94-2248162Plan #003PY 2016

5900 E. SHIELDS AVENUE - FRESNO, CA 93727559-292-8000

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 6, 2006

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)

$142.6M

+5.5% from 2015

Total participants

1,565

-4.4% from 2015

Average account balance

$91,090

+7.7% from 2015

Annual return

6.80%

+7.25 pp from 2015

Benchmarks

See 780 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort780 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$250.94M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

1,751

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 · EIN 22-1211670	Recordkeeping	$18,457
GRUNDFOS PUMPS CORPORATION1 year Service code 56 · EIN 27-0058684	Non-monetary compensation	$0
KRISTI WHITE2+ years Service code 56 GRUNDFOS PUMPS CORPORATION · FRESHNO, CA 93727	Non-monetary compensation	$0
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 15 · EIN 06-1050034	Recordkeeping	$0
SUE-ANN SANDRI1 year Filed as: SUE BOHIGIAN Service code 56 GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727	Non-monetary compensation	$0
THOMAS BEAL1 year Filed as: THOMAS LARSEN Service code 56 GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727	Non-monetary compensation	$0
TONY SANTORO1 year Filed as: TONY SELLERS Service code 56 GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727	Non-monetary compensation	$0
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 33 · EIN 34-1542819	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$13 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOORE GRIDER & COMPANY
Auditor EIN: 942191284
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,090

$80,211+13.6%

$74,184+22.8%

$63,975+42.4%

Participation rate

100.0%

84.2%+15.8pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

6.80%

14.13%-7.3pp

17.74%-10.9pp

48.65%-41.9pp

Employer contribution / active EE

$5,151

$2,553+101.7%

$2,370+117.3%

$2,182+136.1%

Participant deferral / active EE

$5,567

$4,370+27.4%

$3,550+56.8%

$3,356+65.9%

Admin fee / account holder

$10

$67-85.5%

$5,586-99.8%

$70-86.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15 · EIN 22-1211670

Recordkeeping

$18,457

GRUNDFOS PUMPS CORPORATION1 year

Service code 56 · EIN 27-0058684

Non-monetary compensation

KRISTI WHITE2+ years

Service code 56

GRUNDFOS PUMPS CORPORATION · FRESHNO, CA 93727

Non-monetary compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 15 · EIN 06-1050034

Recordkeeping

SUE-ANN SANDRI1 year

Filed as: SUE BOHIGIAN

Service code 56

GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727

Non-monetary compensation

THOMAS BEAL1 year

Filed as: THOMAS LARSEN

Service code 56

GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727

Non-monetary compensation

TONY SANTORO1 year

Filed as: TONY SELLERS

Service code 56

GRUNDFOS PUMPS CORPORATION · FRESNO, CA 93727

Non-monetary compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS

Service code 33 · EIN 34-1542819

Securities brokerage commissions and ...

GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING 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