Retirement plan

DESIGN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: DESIGN MECHANICAL, INC. - DESIGN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: DESIGN MECHANICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESIGN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN, DESIGN MECHANICAL, INC.

DESIGN MECHANICAL, INC.EIN 20-0144625Plan #002PY 2023

100 GREYSTONE AVENUE - KANSAS CITY, KS 66103913-281-7200dmi-kc.comLinkedIn201-500 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$4.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

No prior year

Total participants

No prior year

Average account balance

$103,917

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2O2J2K2H

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$284K

$6175 / participant

Other / not subdivided$284K100.0%

% of EOY assets

6.074%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,917

$73,978+40.5%

$96,515+7.7%

$75,173+38.2%

Participation rate

97.8%

66.4%+31.4pp

74.3%+23.5pp

67.2%+30.6pp

Annual return

0.00%

26.72%-26.7pp

35.73%-35.7pp

160.72%-160.7pp

Employer contribution / active EE

$10,117

$2,931+245.2%

$3,740+170.5%

$2,671+278.8%

Participant deferral / active EE

$3,660-100.0%

$4,880-100.0%

$4,126-100.0%

Admin fee / account holder

$6,312

$5,219+20.9%

$6,735-6.3%

$5,651+11.7%

DESIGN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESIGN MECHANICAL, INC. EMPLOYEE STOCK OWNERSHIP 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