Retirement plan

DASSAULT FALCON JET CORPORATION 401(K) INVESTMENT AND SAVINGS PLAN

Name: DASSAULT FALCON JET CORPORATION - DASSAULT FALCON JET CORPORATION 401(K) INVESTMENT AND SAVINGS PLAN (2016) Form 5500
Creator: DASSAULT FALCON JET CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DASSAULT FALCON JET CORPORATION 401(K) INVESTMENT AND SAVINGS PLAN, DASSAULT FALCON JET CORPORATION

DASSAULT FALCON JET CORPORATIONEIN 22-1978098Plan #003PY 2016

TETERBORO AIRPORT, BOX 2000 - SOUTH HACKENSACK, NJ 07606201-440-6700dassaultfalcon.comLinkedIn1001-5000 employeesaviation & aerospace

Other plans on this EIN

2 filings

#001Retirement-$278.3M assets #002Retirement-$74K assets

Prospect flagsLow returnsLow participation

Top hat statement on fileNQDC

Filed November 9, 2023

Plan administrator

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200 Riser Road

Little Ferry, NJ 07643

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Plans declared (2)

RIRP13 emp
Deferred Comp Plan5 emp

Total covered: 18 employees

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Total assets (EOY)

$159.1M

-6.8% from 2016

Total participants

2,751

-3.7% from 2016

Average account balance

$82,503

-3.7% from 2016

Annual return

6.53%

-5.07 pp from 2016

Benchmarks

See 780 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort780 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$316.06M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

2,334

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL CENTER Service code 16 · EIN 59-1237041	Consulting	$97,500
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH TRUST COMPANY Service code 15 · EIN 13-5674085	Recordkeeping	$34,685
PERKOWSKI & ASSOCIATES LLC1 year Service code 10 1011 HIGHWAY 71 · SPRING CITY, NJ 07762	Accounting	$14,500

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$161K

$64 / participant

Contract admin$35K21.6%
Other / not subdivided$126K78.4%

% of EOY assets

0.101%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PERKOWSKI & ASSOCIATES LLC
Auditor EIN: 223774578
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,503

$80,211+2.9%

$74,184+11.2%

$63,975+29.0%

Participation rate

67.1%

84.2%-17.0pp

76.6%-9.5pp

71.1%-4.0pp

Annual return

6.53%

14.13%-7.6pp

17.74%-11.2pp

48.65%-42.1pp

Employer contribution / active EE

$1,356

$2,553-46.9%

$2,370-42.8%

$2,182-37.8%

Participant deferral / active EE

$3,847

$4,370-12.0%

$3,550+8.4%

$3,356+14.6%

Admin fee / account holder

$83

$67+23.9%

$5,586-98.5%

$70+18.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL CENTER

Service code 16 · EIN 59-1237041

Consulting

$97,500

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH TRUST COMPANY

Service code 15 · EIN 13-5674085

Recordkeeping

$34,685

PERKOWSKI & ASSOCIATES LLC1 year

Service code 10

1011 HIGHWAY 71 · SPRING CITY, NJ 07762

Accounting

$14,500

DASSAULT FALCON JET CORPORATION 401(K) INVESTMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DASSAULT FALCON JET CORPORATION 401(K) INVESTMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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