Retirement plan

GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN

Name: GRUNDFOS PUMPS CORPORATION - GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN (2018) 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 2018

3905 ENTERPRISE COURT - AURORA, IL 60504630-719-7477

Prospect flagsFailed to transmit contributionsCorrective distributions

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)

$159.7M

-4.8% from 2017

Total participants

1,668

+4.5% from 2017

Average account balance

$97,556

-9.3% from 2017

Annual return

-5.02%

-21.91 pp from 2017

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$282.56M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

1,813

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.37M

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

+16.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
MOORE GRIDER & COMPANY4+ years Service code 10 · EIN 94-2191284	Accounting	$28,725
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 · EIN 22-1211670	Recordkeeping	$17,754
JAIME RAMIREZ1 year Filed as: JAIME GAGGINI Service code 56 GRUNDFOS PUMPS CORPORATION · AURORA, IL 60504	Non-monetary compensation	$0
KRISTI WHITE4+ years Service code 56 GRUNDFOS PUMP CORPORATION · AURORA, IL 60504	Non-monetary compensation	$0
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 15 · EIN 06-1050034	Recordkeeping	$0
TONY SANTORO3+ years Filed as: TONY SELLERS Service code 56 GRUNDFOS PUMP CORPORATION · AURORA, IL 60504	Non-monetary compensation	$0
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 56 · EIN 27-0058684	Non-monetary compensation	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 33 · EIN 34-1542819	Securities brokerage; Securities brok...	$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

2 tripped

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

$13K

$11 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,556

$78,852+23.7%

$76,768+27.1%

$75,289+29.6%

Participation rate

97.4%

85.0%+12.5pp

77.0%+20.5pp

72.4%+25.0pp

Annual return

-5.02%

-1.29%-3.7pp

2.43%-7.5pp

-0.04%-5.0pp

Employer contribution / active EE

$3,473

$2,794+24.3%

$2,485+39.8%

$2,405+44.4%

Participant deferral / active EE

$5,824

$4,800+21.3%

$3,852+51.2%

$3,739+55.8%

Admin fee / account holder

$79-89.8%

$6,675-99.9%

$102-92.1%

Provider

Service type

Compensation

MOORE GRIDER & COMPANY4+ years

Service code 10 · EIN 94-2191284

Accounting

$28,725

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15 · EIN 22-1211670

Recordkeeping

$17,754

JAIME RAMIREZ1 year

Filed as: JAIME GAGGINI

Service code 56

GRUNDFOS PUMPS CORPORATION · AURORA, IL 60504

Non-monetary compensation

KRISTI WHITE4+ years

Service code 56

GRUNDFOS PUMP CORPORATION · AURORA, IL 60504

Non-monetary compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 15 · EIN 06-1050034

Recordkeeping

TONY SANTORO3+ years

Filed as: TONY SELLERS

Service code 56

GRUNDFOS PUMP CORPORATION · AURORA, IL 60504

Non-monetary compensation

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 56 · EIN 27-0058684

Non-monetary compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 33 · EIN 34-1542819

Securities brokerage; Securities brok...

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