Retirement plan

DIAMOND PAPER BOX COMPANY, INC. SECTION 401K PLAN

Name: DIAMOND PACKAGING, INC. - DIAMOND PAPER BOX COMPANY, INC. SECTION 401K PLAN (2024) Form 5500
Creator: DIAMOND PACKAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIAMOND PAPER BOX COMPANY, INC. SECTION 401K PLAN, DIAMOND PACKAGING, INC.

DIAMOND PACKAGING, INC.EIN 16-0408340Plan #002PY 2024

111 COMMERCE DRIVE - ROCHESTER, NY 14623585-334-8038diamondpackaging.comLinkedIn201-500 employeespackaging and containers

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$25.2M

+7.5% from 2023

Total participants

323

-6.6% from 2023

Average account balance

$85,286

+6.0% from 2023

Annual return

12.97%

-1.32 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.16M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

295

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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 3 by compensation

Provider	Service type	Compensation
LAWLEY RETIREMENT ADVISORS LLC4 years Filed as: LAWLEY RETIREMENT ADVISORS, LLC Service code 51 · EIN 27-4034238	Investment Mgmt Fees	$22,500
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Service code 50 · EIN 71-0294708	Direct Payment	$12,013
WILMINGTON TRUST1 year Filed as: WILMINGTON TRUST NATIONAL ASSOCIATI Service code 51 · EIN 27-4034238	Investment Mgmt Fees	$6,250

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$45 / participant

Contract admin$7K56.6%
Other / not subdivided$5K43.4%

% of EOY assets

0.048%

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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,286

$92,076-7.4%

$105,607-19.2%

$77,736+9.7%

Participation rate

89.4%

81.0%+8.4pp

75.3%+14.2pp

70.6%+18.8pp

Annual return

12.97%

17.84%-4.9pp

116.11%-103.1pp

31.26%-18.3pp

Employer contribution / active EE

$1,196

$3,370-64.5%

$3,167-62.2%

$2,728-56.1%

Participant deferral / active EE

$4,709

$5,390-12.6%

$5,011-6.0%

$4,651+1.3%

Admin fee / account holder

$41

$219-81.4%

$10,958-99.6%

$433-90.6%

Provider

Service type

Compensation

LAWLEY RETIREMENT ADVISORS LLC4 years

Filed as: LAWLEY RETIREMENT ADVISORS, LLC

Service code 51 · EIN 27-4034238

Investment Mgmt Fees

$22,500

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Service code 50 · EIN 71-0294708

Direct Payment

$12,013

WILMINGTON TRUST1 year

Filed as: WILMINGTON TRUST NATIONAL ASSOCIATI

Service code 51 · EIN 27-4034238

Investment Mgmt Fees

$6,250

DIAMOND PAPER BOX COMPANY, INC. SECTION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIAMOND PAPER BOX COMPANY, INC. SECTION 401K 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