Retirement plan

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Name: DONNELLY MECHANICAL CORP. - DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES (2023) Form 5500
Creator: DONNELLY MECHANICAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES, DONNELLY MECHANICAL CORP.

DONNELLY MECHANICAL CORP.EIN 11-2957503Plan #003PY 2023

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

Other plans on this EIN

1 filing

#001Retirement-$13.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

+8.9% from 2022

Total participants

153

-16.8% from 2022

Average account balance

$28,027

+17.4% from 2022

Annual return

18.82%

+38.79 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

136

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 2 by compensation

Provider	Service type	Compensation
UNITED BENEFIT PENSIONS INC.3 years Service code 49 · EIN 36-4517541	Other Services	$9,407
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$3,491

Plan features & details

Pension benefit codes2E2F2G2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$102 / participant

Recordkeeping$3K25.6%
Other / not subdivided$10K74.4%

% of EOY assets

0.345%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NAWROCKI SMITH LLP
Auditor EIN: 743216978
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,027

$76,696-63.5%

$96,538-71.0%

$71,529-60.8%

Participation rate

91.0%

66.6%+24.5pp

74.3%+16.7pp

67.9%+23.1pp

Annual return

18.82%

48.32%-29.5pp

35.74%-16.9pp

28.97%-10.2pp

Employer contribution / active EE

$1,228

$3,032-59.5%

$3,740-67.2%

$2,590-52.6%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$97

$2,030-95.2%

$6,737-98.6%

$1,588-93.9%

Provider

Service type

Compensation

UNITED BENEFIT PENSIONS INC.3 years

Service code 49 · EIN 36-4517541

Other Services

$9,407

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$3,491

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DONNELLY MECHANICAL CORP. PROFIT SHARING PLAN FOR UNION EMPLOYEES

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