Retirement plan

DAY & ZIMMERMANN RETIREMENT PLAN

Name: DAY & ZIMMERMANN GROUP, INC. - DAY & ZIMMERMANN RETIREMENT PLAN (2022) Form 5500
Creator: DAY & ZIMMERMANN GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAY & ZIMMERMANN RETIREMENT PLAN, DAY & ZIMMERMANN GROUP, INC.

DAY & ZIMMERMANN GROUP, INC.EIN 23-3024522Plan #013PY 2022

1500 SPRING GARDEN ST 10TH FL - PHILADELPHIA, PA 191304067215-299-2408

Other plans on this EIN

1 filing

#015Retirement-$11.5M assets

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 3, 2010 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$411.4M

-20.6% from 2021

Total participants

5,959

-5.4% from 2021

Average account balance

$105,184

-14.2% from 2021

Annual return

-16.40%

-32.26 pp from 2021

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$487.31M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

3,636

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$651,740
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 28 · EIN 26-0058143	Investment Management	$40,288
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN, LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$23,306
FISCHER DORWART, P.C.2 years Filed as: FISCHER CUNNANE Service code 10 · EIN 23-3060583	Accounting	$21,646
USI CONSULTING GROUP2 years Filed as: FINDLEY, A DIVISION OF USI Service code 16 · EIN 06-1053228	Consulting	$5,440

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$741K

$163 / participant

Investment mgmt$40K5.4%
Contract admin$651K87.8%
Other / not subdivided$50K6.8%

% of EOY assets

0.180%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FISCHER CUNNANE & ASSOCIATES, LTD
Auditor EIN: 233060583
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,184

$95,388+10.3%

$125,339-16.1%

$77,904+35.0%

Participation rate

55.1%

78.6%-23.5pp

82.4%-27.3pp

73.7%-18.6pp

Annual return

-16.40%

116.19%-132.6pp

572.05%-588.4pp

12.21%-28.6pp

Employer contribution / active EE

$2,308

$3,666-37.0%

$4,814-52.1%

$2,848-18.9%

Participant deferral / active EE

$5,442

$7,711-29.4%

$7,446-26.9%

$4,806+13.2%

Admin fee / account holder

$190

$119+59.5%

$10,010-98.1%

$133+43.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$651,740

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 28 · EIN 26-0058143

Investment Management

$40,288

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN, LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$23,306

FISCHER DORWART, P.C.2 years

Filed as: FISCHER CUNNANE

Service code 10 · EIN 23-3060583

Accounting

$21,646

USI CONSULTING GROUP2 years

Filed as: FINDLEY, A DIVISION OF USI

Service code 16 · EIN 06-1053228

Consulting

$5,440

DAY & ZIMMERMANN RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAY & ZIMMERMANN RETIREMENT PLAN

Top hat statement on fileNQDC

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