Retirement plan

DAYMARK 401(K) PLAN

Name: DAYMARK RECOVERY SERVICES, INC. - DAYMARK 401(K) PLAN (2024) Form 5500
Creator: DAYMARK RECOVERY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAYMARK 401(K) PLAN, DAYMARK RECOVERY SERVICES, INC.

DAYMARK RECOVERY SERVICES, INC.EIN 02-0707661Plan #001PY 2024

2129 STATESVILLE BLVD - SALISBURY, NC 28147704-939-1100daymarkrecovery.orgLinkedIn501-1000 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$21.4M

+16.6% from 2023

Total participants

1,195

+7.6% from 2023

Average account balance

$19,042

+6.6% from 2023

Annual return

13.46%

-4.91 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.44M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,126

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 1 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY10+ years Service code 21 · EIN 56-0223230	Bank Trustee	$154,606

Plan features & details

Pension benefit codes2F2G2L2R2S2T3D3F

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$155K

$164 / participant

Recordkeeping$23K14.8%
Contract admin$132K85.2%

% of EOY assets

0.721%

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: MARTIN STARNES & ASSOCIATES CPAS PA
Auditor EIN: 561761202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,042

$50,902-62.6%

$155,534-87.8%

$77,736-75.5%

Participation rate

92.7%

63.1%+29.6pp

78.2%+14.5pp

70.6%+22.1pp

Annual return

13.46%

34.85%-21.4pp

64.92%-51.5pp

31.26%-17.8pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,509

$2,824-11.2%

$5,630-55.4%

$4,651-46.1%

Admin fee / account holder

$137

$437-68.6%

$15,900-99.1%

$433-68.3%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY10+ years

Service code 21 · EIN 56-0223230

Bank Trustee

$154,606

DAYMARK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAYMARK 401(K) 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