Retirement plan

DAMPNEY COMPANY, INC HOURLY EMPLOYEES 401(K) PLAN

Name: DAMPNEY COMPANY, INC. - DAMPNEY COMPANY, INC HOURLY EMPLOYEES 401(K) PLAN (2020) Form 5500
Creator: DAMPNEY COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAMPNEY COMPANY, INC HOURLY EMPLOYEES 401(K) PLAN, DAMPNEY COMPANY, INC.

DAMPNEY COMPANY, INC.EIN 04-1230220Plan #004PY 2020

85 PARIS STREET - EVERETT, MA 021494411617-389-2805dampney.comLinkedIn51-200 employeeschemicals

Other plans on this EIN

1 filing

#003Retirement-$3.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$741K

+12.1% from 2019

Total participants

0.0% from 2019

Average account balance

$82,364

+12.1% from 2019

Annual return

16.77%

-4.83 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$923K

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$82K

$9111 / participant

Other / not subdivided$82K100.0%

% of EOY assets

11.062%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,364

$118,708-30.6%

$98,920-16.7%

$158,982-48.2%

Participation rate

100.0%

77.8%+22.2pp

76.0%+24.0pp

82.0%+18.0pp

Annual return

16.77%

372.49%-355.7pp

196.47%-179.7pp

302.99%-286.2pp

Employer contribution / active EE

$2,937

$3,334-11.9%

$2,689+9.2%

$4,763-38.3%

Participant deferral / active EE

$2,756

$5,089-45.8%

$4,245-35.1%

$5,983-53.9%

Admin fee / account holder

$9,111

$10,134-10.1%

$6,643+37.2%

$11,252-19.0%

DAMPNEY COMPANY, INC HOURLY EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAMPNEY COMPANY, INC HOURLY EMPLOYEES 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