Retirement plan

DONNELLY MECHANICAL CORP. 401(K) RETIREMENT PLAN

Name: DONNELLY MECHANICAL CORP. - DONNELLY MECHANICAL CORP. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: DONNELLY MECHANICAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DONNELLY MECHANICAL CORP. 401(K) RETIREMENT PLAN, DONNELLY MECHANICAL CORP.

DONNELLY MECHANICAL CORP.EIN 11-2957503Plan #001PY 2024

96-59 222ND STREET - QUEENS VILLAGE, NY 11429718-886-1500donnellymech.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$4.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.1M

+20.6% from 2023

Total participants

+2.7% from 2023

Average account balance

$220,116

+7.4% from 2023

Annual return

17.59%

-2.66 pp from 2023

Benchmarks

See 18,562 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,562 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.38M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

115.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$789K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6677

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$390K

$6961 / participant

Other / not subdivided$390K100.0%

% of EOY assets

2.426%

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

$220,116

$81,457+170.2%

$103,378+112.9%

$80,911+172.0%

Participation rate

92.9%

66.8%+26.0pp

74.5%+18.3pp

67.6%+25.2pp

Annual return

17.59%

25.58%-8.0pp

24.91%-7.3pp

35.63%-18.0pp

Employer contribution / active EE

$4,063

$3,107+30.7%

$3,870+5.0%

$2,756+47.4%

Participant deferral / active EE

$9,948

$3,871+157.0%

$5,058+96.7%

$4,297+131.5%

Admin fee / account holder

$5,340

$6,717-20.5%

$8,401-36.4%

$6,935-23.0%

DONNELLY MECHANICAL CORP. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DONNELLY MECHANICAL CORP. 401(K) RETIREMENT 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