Retirement plan

DUCTMATE INDUSTRIES, INC. AND AFFILIATED COMPANIES 401(K) PLAN

Name: DUCTMATE INDUSTRIES, INC. - DUCTMATE INDUSTRIES, INC. AND AFFILIATED COMPANIES 401(K) PLAN (2020) Form 5500
Creator: DUCTMATE INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUCTMATE INDUSTRIES, INC. AND AFFILIATED COMPANIES 401(K) PLAN, DUCTMATE INDUSTRIES, INC.

DUCTMATE INDUSTRIES, INC.EIN 25-1335081Plan #002PY 2020

210 5TH ST. - CHARLEROI, PA 15022724-276-3056dmicompanies.comLinkedIn201-500 employeesbuilding materials

Other plans on this EIN

1 filing

#001Retirement-$1.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.9M

+21.7% from 2019

Total participants

167

-5.1% from 2019

Average account balance

$128,878

+29.2% from 2019

Annual return

14.52%

-4.89 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.94M

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

189

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 8 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290	Contract Administrator	$50,099
THE BARAN JAMES COMPANY1 year Filed as: THE BARAN JAMES COMPANY, INC. Service code 27	Advisory (Plan)	$14,500
DUNBAR, BENDER & ZAPF, INC.5 years Service code 13	Contract Administrator	$8,173
GROSSMAN YANAK & FORD LLP4 years Service code 10 THREE GATEWAY CENTER · PITTSBURGH, PA 15222	Accounting	$7,451
DUNBAR, BENDER & ZAPF, INC.3 years Filed as: DUNBAR BENDER & ZAPF INC Service code 13 437 GRANT STREET · PITTSBURGH, PA 15219	Contract Administrator	$1,150
THE BARAN JAMES COMPANY2 years Service code 27 · EIN 23-2873946	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$53K

$385 / participant

Contract admin$51K97.2%
Other / not subdivided$1K2.8%

% of EOY assets

0.252%

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: GROSSMAN, YANAK & FORD LLP
Auditor EIN: 251638525
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,878

$73,638+75.0%

$95,956+34.3%

$73,493+75.4%

Participation rate

96.4%

76.2%+20.2pp

77.1%+19.3pp

70.7%+25.7pp

Annual return

14.52%

16.78%-2.3pp

91.63%-77.1pp

28.51%-14.0pp

Employer contribution / active EE

$4,373

$1,863+134.7%

$2,541+72.1%

$2,270+92.6%

Participant deferral / active EE

$6,555

$3,617+81.2%

$4,167+57.3%

$3,740+75.3%

Admin fee / account holder

$325

$482-32.5%

$6,797-95.2%

$513-36.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

Contract Administrator

$50,099

THE BARAN JAMES COMPANY1 year

Filed as: THE BARAN JAMES COMPANY, INC.

Service code 27

Advisory (Plan)

$14,500

DUNBAR, BENDER & ZAPF, INC.5 years

Service code 13

Contract Administrator

$8,173

GROSSMAN YANAK & FORD LLP4 years

Service code 10

THREE GATEWAY CENTER · PITTSBURGH, PA 15222

Accounting

$7,451

DUNBAR, BENDER & ZAPF, INC.3 years

Filed as: DUNBAR BENDER & ZAPF INC

Service code 13

437 GRANT STREET · PITTSBURGH, PA 15219

Contract Administrator

$1,150

THE BARAN JAMES COMPANY2 years

Service code 27 · EIN 23-2873946

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27

Advisory (Plan)

DUCTMATE INDUSTRIES, INC. AND AFFILIATED COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUCTMATE INDUSTRIES, INC. AND AFFILIATED COMPANIES 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