Retirement plan

ALFRED F. DESCENZA & SON, INC. EMPLOYEES' 401(K) PLAN

Name: ALFRED F. DESCENZA & SON, INC. - ALFRED F. DESCENZA & SON, INC. EMPLOYEES' 401(K) PLAN (2024) Form 5500
Creator: ALFRED F. DESCENZA & SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALFRED F. DESCENZA & SON, INC. EMPLOYEES' 401(K) PLAN, ALFRED F. DESCENZA & SON, INC.

ALFRED F. DESCENZA & SON, INC.EIN 04-2197353Plan #004PY 2024

387 WASHINGTON STREET - BOSTON, MA 02108617-542-7975LinkedIn51-200 employeesluxury goods & jewelry

Other plans on this EIN

1 filing

#002Retirement-$2.2M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$8M

+19.3% from 2023

Total participants

-3.5% from 2023

Average account balance

$185,182

+27.7% from 2023

Annual return

28.72%

+11.46 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.02M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$281K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16518

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 codes2G2J2T3D2R2F

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$875K

$19013 / participant

Other / not subdivided$875K100.0%

% of EOY assets

10.983%

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

$185,182

$71,215+160.0%

$93,696+97.6%

$80,935+128.8%

Participation rate

73.9%

60.4%+13.5pp

68.7%+5.2pp

67.7%+6.3pp

Annual return

28.72%

11.27%+17.4pp

133.74%-105.0pp

35.66%-6.9pp

Employer contribution / active EE

$1,565-100.0%

$2,422-100.0%

$2,757-100.0%

Participant deferral / active EE

$5,418

$4,037+34.2%

$4,417+22.7%

$4,299+26.0%

Admin fee / account holder

$20,339

$6,958+192.3%

$8,287+145.4%

$6,924+193.7%

ALFRED F. DESCENZA & SON, INC. EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALFRED F. DESCENZA & SON, INC. 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