Retirement plan

DIMEO PROFIT SHARING SAVINGS PLAN

Name: DIMEO CONSTRUCTION COMPANY - DIMEO PROFIT SHARING SAVINGS PLAN (2020) Form 5500
Creator: DIMEO CONSTRUCTION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIMEO PROFIT SHARING SAVINGS PLAN, DIMEO CONSTRUCTION COMPANY

DIMEO CONSTRUCTION COMPANYEIN 05-0394406Plan #002PY 2020

75 CHAPMAN STREET - PROVIDENCE, RI 02905401-781-9800dimeo.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed September 28, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$76.7M

+8.2% from 2019

Total participants

278

-11.2% from 2019

Average account balance

$286,234

+6.9% from 2019

Annual return

8.52%

-8.56 pp from 2019

Benchmarks

See 2,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,940 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$92.67M

Not enough data

1 years with asset history on file

Average account balance

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

$339K

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.

273

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+9.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1163

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS6+ years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$149,177
SERGIO DECURTIS6+ years Service code 28 · EIN 05-0515232	Investment Management	$114,344
MATRIX TRUST COMPANY1 year Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$40,020
TD AMERITRADE, INC.6+ years Filed as: TD AMERITRADE TRUST Service code 19 · EIN 84-0519832	Securities Custodian	$13,340

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$319K

$2202 / participant

Investment mgmt$114K35.8%
Contract admin$19K5.9%
Other / not subdivided$186K58.3%

% of EOY assets

0.416%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STOWE & DEGON, LLC
Auditor EIN: 043379904
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$286,234

$69,362+312.7%

$101,248+182.7%

$73,488+289.5%

Participation rate

93.1%

68.4%+24.7pp

75.8%+17.3pp

70.7%+22.4pp

Annual return

8.52%

18.46%-9.9pp

46.47%-38.0pp

28.51%-20.0pp

Employer contribution / active EE

$8,059

$2,628+206.6%

$3,660+120.2%

$2,270+255.0%

Participant deferral / active EE

$13,229

$3,300+300.9%

$4,370+202.7%

$3,740+253.7%

Admin fee / account holder

$1,192

$704+69.4%

$5,945-80.0%

$513+132.3%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS6+ years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$149,177

SERGIO DECURTIS6+ years

Service code 28 · EIN 05-0515232

Investment Management

$114,344

MATRIX TRUST COMPANY1 year

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$40,020

TD AMERITRADE, INC.6+ years

Filed as: TD AMERITRADE TRUST

Service code 19 · EIN 84-0519832

Securities Custodian

$13,340

DIMEO PROFIT SHARING SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIMEO PROFIT SHARING SAVINGS PLAN

Top hat statement on fileNQDC

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