Retirement plan

DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN

Name: DIVAL SAFETY EQUIPMENT, INC. - DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN (2022) Form 5500
Creator: DIVAL SAFETY EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN, DIVAL SAFETY EQUIPMENT, INC.

DIVAL SAFETY EQUIPMENT, INC.EIN 16-1104585Plan #001PY 2022

1721 NIAGARA STREET - BUFFALO, NY 14207716-874-9060divalsafety.comLinkedIn201-500 employeesbusiness supplies and equipment

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.2M

-16.5% from 2021

Total participants

399

+26.7% from 2021

Average account balance

$52,977

-40.7% from 2021

Annual return

-18.29%

-45.06 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.17M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

412

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.

74.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

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

+25.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$38,835
LAWLEY RETIREMENT ADVISORS LLC5 years Filed as: LAWLEY RETIREMENT ADVISORS, LLC Service code 27 · EIN 27-4034238 361 DELAWARE AVE. · BUFFALO, NY 14202	Advisory (Plan)	$32,385
ACTUARIAL BENEFITS CORP3 years Filed as: ACTUARIAL CONSULTING SERVICES, INC. Service code 13 · EIN 16-1186135 200 JOHN JAMES AUDUBON PKWY · AMHERST, NY 14221	Contract Administrator	$8,319

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$80K

$232 / participant

Investment mgmt$32K40.7%
Contract admin$47K59.3%

% of EOY assets

0.525%

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: TRONCONI SEGARRA & ASSOCIATES LLP
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,977

$47,766+10.9%

$82,744-36.0%

$64,819-18.3%

Participation rate

67.1%

67.7%-0.6pp

72.6%-5.5pp

71.5%-4.4pp

Annual return

-18.29%

-13.06%-5.2pp

702.22%-720.5pp

32.84%-51.1pp

Employer contribution / active EE

$402

$2,182-81.6%

$3,008-86.6%

$2,507-84.0%

Participant deferral / active EE

$3,333

$3,3320%

$4,395-24.2%

$4,311-22.7%

Admin fee / account holder

$278

$143+94.5%

$5,325-94.8%

$188+48.1%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$38,835

LAWLEY RETIREMENT ADVISORS LLC5 years

Filed as: LAWLEY RETIREMENT ADVISORS, LLC

Service code 27 · EIN 27-4034238

361 DELAWARE AVE. · BUFFALO, NY 14202

Advisory (Plan)

$32,385

ACTUARIAL BENEFITS CORP3 years

Filed as: ACTUARIAL CONSULTING SERVICES, INC.

Service code 13 · EIN 16-1186135

200 JOHN JAMES AUDUBON PKWY · AMHERST, NY 14221

Contract Administrator

$8,319

DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIVAL SAFETY EQUIPMENT, INC. 401(K) 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