Retirement plan

DAIFUKU NORTH AMERICA GROUP EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: DAIFUKU NORTH AMERICA HOLDING COMPANY - DAIFUKU NORTH AMERICA GROUP EMPLOYEES' RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: DAIFUKU NORTH AMERICA HOLDING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAIFUKU NORTH AMERICA GROUP EMPLOYEES' RETIREMENT SAVINGS PLAN, DAIFUKU NORTH AMERICA HOLDING COMPANY

DAIFUKU NORTH AMERICA HOLDING COMPANYEIN 27-4402595Plan #015PY 2023

30100 CABOT DRIVE - NOVI, MI 48377248-553-1000daifukuia.comLinkedIn5001-10000 employeesindustrial automation

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$153.7M

+24.5% from 2022

Total participants

4,315

+4.3% from 2022

Average account balance

$55,865

+15.5% from 2022

Annual return

20.55%

+36.93 pp from 2022

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$233.85M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

3,091

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.

58.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+61.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 4 by compensation

Provider	Service type	Compensation
WARNER NORCROSS & JUDD LLP3 years Service code 29 · EIN 38-1422647	Legal	$84,645
CAPFINANCIAL PARTNERS LLC3 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$71,250
PLANTE & MORAN, PLLC2 years Filed as: PLANTE MORAN Service code 10 · EIN 38-1357951	Accounting	$18,000
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$1,263

Plan features & details

Pension benefit codes2F2E2G2J2K2T3H3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$173K

$48 / participant

Investment mgmt$73K42.0%
Legal$85K49.0%
Other / not subdivided$16K9.0%

% of EOY assets

0.112%

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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: $18,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,865

$104,544-46.6%

$96,534-42.1%

$80,157-30.3%

Participation rate

56.6%

86.4%-29.8pp

76.0%-19.4pp

72.9%-16.4pp

Annual return

20.55%

21.79%-1.2pp

25.88%-5.3pp

40.39%-19.8pp

Employer contribution / active EE

$1,672

$3,527-52.6%

$2,965-43.6%

$2,977-43.8%

Participant deferral / active EE

$3,906

$6,170-36.7%

$4,851-19.5%

$5,015-22.1%

Admin fee / account holder

$63

$107-41.3%

$8,253-99.2%

$145-56.7%

Provider

Service type

Compensation

WARNER NORCROSS & JUDD LLP3 years

Service code 29 · EIN 38-1422647

Legal

$84,645

CAPFINANCIAL PARTNERS LLC3 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$71,250

PLANTE & MORAN, PLLC2 years

Filed as: PLANTE MORAN

Service code 10 · EIN 38-1357951

Accounting

$18,000

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$1,263

DAIFUKU NORTH AMERICA GROUP EMPLOYEES' RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAIFUKU NORTH AMERICA GROUP EMPLOYEES' RETIREMENT SAVINGS 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