Retirement plan

DATA-MAIL 401(K) RETIREMENT SAVINGS PLAN

Name: DATA-MAIL, INC. - DATA-MAIL 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: DATA-MAIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DATA-MAIL 401(K) RETIREMENT SAVINGS PLAN, DATA-MAIL, INC.

DATA-MAIL, INC.EIN 06-0867563Plan #002PY 2023

240 HARTFORD AVENUE - NEWINGTON, CT 06111860-666-0399data-mail.comLinkedIn501-1000 employeesprinting

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$52.2M

+15.0% from 2022

Total participants

892

-3.1% from 2022

Average account balance

$85,921

+16.3% from 2022

Annual return

16.54%

+32.07 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.11M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

560

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.

53.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.73M

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 4 by compensation

Provider	Service type	Compensation
HOOKER & HOLCOMBE, INC.6 years Filed as: HOOKER AND HOLCOMBE INVT ADVISORS Service code 27 · EIN 06-1461865	Advisory (Plan)	$32,424
USI CONSULTING GROUP1 year Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$16,391
COHNREZNICK LLP1 year Filed as: COHNREZNICK,LLP Service code 10 · EIN 22-1478099	Accounting	$16,000
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$3,761

Plan features & details

Pension benefit codes2F2G2J2K2T3H3D

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.
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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$90 / participant

Recordkeeping$4K5.5%
Investment mgmt$49K71.2%
Other / not subdivided$16K23.3%

% of EOY assets

0.131%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: $16,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,921

$40,435+112.5%

$80,627+6.6%

$74,460+15.4%

Participation rate

62.8%

47.4%+15.4pp

67.0%-4.2pp

70.7%-8.0pp

Annual return

16.54%

165.19%-148.6pp

936.76%-920.2pp

34.38%-17.8pp

Employer contribution / active EE

$993

$1,498-33.7%

$2,723-63.5%

$2,638-62.4%

Participant deferral / active EE

$4,069

$2,673+52.2%

$4,443-8.4%

$4,530-10.2%

Admin fee / account holder

$113

$721-84.4%

$5,381-97.9%

$348-67.6%

Provider

Service type

Compensation

HOOKER & HOLCOMBE, INC.6 years

Filed as: HOOKER AND HOLCOMBE INVT ADVISORS

Service code 27 · EIN 06-1461865

Advisory (Plan)

$32,424

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$16,391

COHNREZNICK LLP1 year

Filed as: COHNREZNICK,LLP

Service code 10 · EIN 22-1478099

Accounting

$16,000

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$3,761

DATA-MAIL 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DATA-MAIL 401(K) RETIREMENT SAVINGS 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