Retirement plan

DAYMARK ENERGY ADVISORS 401K PLAN

Name: DAYMARK ENERGY ADVISORS - DAYMARK ENERGY ADVISORS 401K PLAN (2021) Form 5500
Creator: DAYMARK ENERGY ADVISORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAYMARK ENERGY ADVISORS 401K PLAN, DAYMARK ENERGY ADVISORS

DAYMARK ENERGY ADVISORSEIN 04-3577380Plan #003PY 2021

370 MAIN STREET, SUITE 325 - WORCESTER, MA 01608617-778-5515daymarkea.comLinkedIn11-50 employeesmanagement consulting

Other plans on this EIN

1 filing

#001Retirement-$3.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+15.9% from 2020

Total participants

+5.6% from 2020

Average account balance

$106,468

+8.2% from 2020

Annual return

12.71%

-5.09 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.06M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

115.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$569K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5285

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 codes2E2F2G2J3D

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.
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

$245K

$7417 / participant

Other / not subdivided$245K100.0%

% of EOY assets

7.663%

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

$106,468

$105,198+1.2%

$159,455-33.2%

$85,856+24.0%

Participation rate

75.8%

75.8%0pp

82.8%-7.1pp

69.3%+6.4pp

Annual return

12.71%

45.08%-32.4pp

263.63%-250.9pp

318.58%-305.9pp

Employer contribution / active EE

$3,319-100.0%

$4,830-100.0%

$2,565-100.0%

Participant deferral / active EE

$9,525

$5,946+60.2%

$7,353+29.5%

$3,952+141.0%

Admin fee / account holder

$8,158

$6,934+17.6%

$10,800-24.5%

$6,261+30.3%

DAYMARK ENERGY ADVISORS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAYMARK ENERGY ADVISORS 401K 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