Retirement plan

DIVERT, INC. 401(K) PLAN

Name: DIVERT, INC. - DIVERT, INC. 401(K) PLAN (2024) Form 5500
Creator: DIVERT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIVERT, INC. 401(K) PLAN, DIVERT, INC.

DIVERT, INC.EIN 20-8722795Plan #002PY 2024

23 BRADFORD ST. - CONCORD, MA 01742978-341-5430divertinc.comLinkedIn201-500 employeesenvironmental services

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$10.7M

+57.5% from 2023

Total participants

648

+38.8% from 2023

Average account balance

$16,658

+13.4% from 2023

Annual return

18.55%

-548.99 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.66M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

640

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 5 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES3 years Service code 15 · EIN 16-1450952	Recordkeeping	$35,970
LPL FINANCIAL1 year Filed as: LPL HOLDINGS, INC. Service code 27 · EIN 04-3046611	Advisory (Plan)	$18,946
STANCE CAPITAL1 year Filed as: STANCE CAPITAL LLC Service code 27 131 DARTMOUTH ST · BOSTON, MA 02116	Advisory (Plan)	$18,713
BDG-CPAS1 year Filed as: BDG CPAS Service code 10 · EIN 22-2625944	Accounting	$11,390
CHARLES SCHWAB & CO., INC.3 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$89K

$249 / participant

Recordkeeping$36K40.3%
Investment mgmt$42K46.9%
Other / not subdivided$11K12.8%

% of EOY assets

0.837%

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: BDG-CPAS
Auditor EIN: 222625944
Audit fees: $11,390
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,658

$45,109-63.1%

$85,240-80.5%

$77,762-78.6%

Participation rate

97.8%

48.7%+49.1pp

67.5%+30.2pp

70.6%+27.2pp

Annual return

18.55%

79.55%-61.0pp

66.75%-48.2pp

31.27%-12.7pp

Employer contribution / active EE

$2,548

$1,602+59.1%

$2,735-6.9%

$2,728-6.6%

Participant deferral / active EE

$6,683

$2,814+137.5%

$4,527+47.6%

$4,651+43.7%

Admin fee / account holder

$139

$915-84.8%

$6,165-97.7%

$433-67.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES3 years

Service code 15 · EIN 16-1450952

Recordkeeping

$35,970

LPL FINANCIAL1 year

Filed as: LPL HOLDINGS, INC.

Service code 27 · EIN 04-3046611

Advisory (Plan)

$18,946

STANCE CAPITAL1 year

Filed as: STANCE CAPITAL LLC

Service code 27

131 DARTMOUTH ST · BOSTON, MA 02116

Advisory (Plan)

$18,713

BDG-CPAS1 year

Filed as: BDG CPAS

Service code 10 · EIN 22-2625944

Accounting

$11,390

CHARLES SCHWAB & CO., INC.3 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

DIVERT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIVERT, 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