Retirement plan

DARLING CONSULTING GROUP 401(K) PROFIT SHARING PLAN

Name: DARLING CONSULTING GROUP, INC. - DARLING CONSULTING GROUP 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: DARLING CONSULTING GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DARLING CONSULTING GROUP 401(K) PROFIT SHARING PLAN, DARLING CONSULTING GROUP, INC.

DARLING CONSULTING GROUP, INC.EIN 04-3106489Plan #001PY 2021

TOWLE OFFICE BUILDING, 260 MERRIMAC STREET - NEWBURYPORT, MA 01905978-463-0400darlingconsulting.comLinkedIn51-200 employeesbanking

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$45.1M

+14.3% from 2020

Total participants

158

+1.9% from 2020

Average account balance

$285,432

+9.2% from 2020

Annual return

15.19%

-0.79 pp from 2020

Benchmarks

See 5,718 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,718 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.42M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

206

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$820

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 12 · EIN 13-3689044	Participant communication; Sales load...	$105,139
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERPRISE FINANCIAL SERVICES, INC. Service code 16	Consulting	$89,279
HARVEY & MARTIN PLLC1 year Service code 10 · EIN 83-2002817	Accounting	$14,445
AMERIPRISE FINANCIAL SERVICES INC4 years Filed as: AMERIPRISE FINANCIAL SERVICES, INC. Service code 16 50085 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Consulting	$0
NATIONAL FINANCIAL SERVICES6 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$120K

$997 / participant

Other / not subdivided$120K100.0%

% of EOY assets

0.265%

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: HARVEY & MARTIN PLLC
Auditor EIN: 832002817
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$285,432

$104,482+173.2%

$159,455+79.0%

$79,393+259.5%

Participation rate

100.0%

76.6%+23.4pp

82.8%+17.2pp

70.7%+29.3pp

Annual return

15.19%

67.96%-52.8pp

263.63%-248.4pp

116.87%-101.7pp

Employer contribution / active EE

$7,028

$3,416+105.7%

$4,830+45.5%

$2,428+189.5%

Participant deferral / active EE

$11,041

$6,467+70.7%

$7,353+50.2%

$4,046+172.9%

Admin fee / account holder

$757

$711+6.4%

$10,800-93.0%

$627+20.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 12 · EIN 13-3689044

Participant communication; Sales load...

$105,139

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERPRISE FINANCIAL SERVICES, INC.

Service code 16

Consulting

$89,279

HARVEY & MARTIN PLLC1 year

Service code 10 · EIN 83-2002817

Accounting

$14,445

AMERIPRISE FINANCIAL SERVICES INC4 years

Filed as: AMERIPRISE FINANCIAL SERVICES, INC.

Service code 16

50085 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Consulting

NATIONAL FINANCIAL SERVICES6 years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

DARLING CONSULTING GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DARLING CONSULTING GROUP 401(K) PROFIT SHARING 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