Retirement plan

DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN

Name: DIVAL SAFETY EQUIPMENT, INC. - DIVAL SAFETY EQUIPMENT, INC. 401(K) PLAN (2024) 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 2024

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

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$23.2M

+29.6% from 2023

Total participants

508

+9.5% from 2023

Average account balance

$56,242

+13.5% from 2023

Annual return

25.79%

+11.46 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$13,285
LAWLEY RETIREMENT ADVISORS LLC7 years Filed as: LAWLEY RETIREMENT ADVISORS, LLC Service code 27 · EIN 27-4034238 361 DELAWARE AVE. · BUFFALO, NY 14202	Advisory (Plan)	$8,821
ACTUARIAL BENEFITS CORP5 years Filed as: ACTUARIAL CONSULTING SERVICES, INC. Service code 13 · EIN 16-1186135 200 JOHN JAMES AUDUBON PKWY · AMHERST, NY 14221	Contract Administrator	$2,080

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$89 / participant

Investment mgmt$9K25.9%
Contract admin$25K74.1%

% of EOY assets

0.147%

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

$56,242

$66,004-14.8%

$81,820-31.3%

$77,714-27.6%

Participation rate

74.8%

65.8%+9.0pp

72.4%+2.4pp

70.6%+4.2pp

Annual return

25.79%

26.65%-0.9pp

777.93%-752.1pp

31.26%-5.5pp

Employer contribution / active EE

$236

$2,375-90.0%

$2,915-91.9%

$2,727-91.3%

Participant deferral / active EE

$4,478

$3,508+27.7%

$4,323+3.6%

$4,649-3.7%

Admin fee / account holder

$83

$527-84.3%

$7,391-98.9%

$433-80.9%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$13,285

LAWLEY RETIREMENT ADVISORS LLC7 years

Filed as: LAWLEY RETIREMENT ADVISORS, LLC

Service code 27 · EIN 27-4034238

361 DELAWARE AVE. · BUFFALO, NY 14202

Advisory (Plan)

$8,821

ACTUARIAL BENEFITS CORP5 years

Filed as: ACTUARIAL CONSULTING SERVICES, INC.

Service code 13 · EIN 16-1186135

200 JOHN JAMES AUDUBON PKWY · AMHERST, NY 14221

Contract Administrator

$2,080

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