Retirement plan

DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT PLAN

Name: DAIWA CAPITAL MARKETS AMERICA INC. - DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT PLAN (2024) Form 5500
Creator: DAIWA CAPITAL MARKETS AMERICA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT PLAN, DAIWA CAPITAL MARKETS AMERICA INC.

DAIWA CAPITAL MARKETS AMERICA INC.EIN 13-5680329Plan #001PY 2024

1251 AVENUE OF THE AMERICAS, 49TH FL - NEW YORK, NY 10020212-612-6424daiwacm.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$155.1M

+3.9% from 2023

Total participants

465

-1.7% from 2023

Average account balance

$345,381

+5.5% from 2023

Annual return

10.80%

-2.59 pp from 2023

Benchmarks

See 1,550 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,550 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$155.08M

Not enough data

1 years with asset history on file

Average account balance

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

$345K

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.

449

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+10.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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
PKF O'CONNOR DAVIES, LLP5 years Service code 70 · EIN 27-1728945	Consulting Fees	$28,750
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$1,090

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$30K

$99 / participant

Recordkeeping$1K3.7%
Other / not subdivided$29K96.3%

% of EOY assets

0.019%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: $28,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$345,381

$129,095+167.5%

$184,185+87.5%

$77,692+344.6%

Participation rate

94.7%

87.3%+7.3pp

86.8%+7.9pp

70.6%+24.1pp

Annual return

10.80%

33.29%-22.5pp

28.81%-18.0pp

31.25%-20.4pp

Employer contribution / active EE

$10,399

$4,410+135.8%

$6,426+61.8%

$2,726+281.4%

Participant deferral / active EE

$17,798

$7,300+143.8%

$9,132+94.9%

$4,648+282.9%

Admin fee / account holder

$66

$256-74.0%

$13,909-99.5%

$431-84.6%

Provider

Service type

Compensation

PKF O'CONNOR DAVIES, LLP5 years

Service code 70 · EIN 27-1728945

Consulting Fees

$28,750

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$1,090

DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT 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