Retirement plan

DUCHARME, MCMILLEN & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: DUCHARME, MCMILLEN & ASSOCIATES, INC. - DUCHARME, MCMILLEN & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: DUCHARME, MCMILLEN & ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUCHARME, MCMILLEN & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, DUCHARME, MCMILLEN & ASSOCIATES, INC.

DUCHARME, MCMILLEN & ASSOCIATES, INC.EIN 35-1293472Plan #100PY 2024

828 S HARRISON STREET, SUITE 650 - FORT WAYNE, IN 46802260-484-8631

Other plans on this EIN

1 filing

#006Retirement-$69.3M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$170.3M

+25.8% from 2023

Total participants

862

+6.7% from 2023

Average account balance

$199,623

+17.4% from 2023

Annual return

27.41%

-10.08 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$170.28M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

853

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$477K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$698

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

+27.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2I2K2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ, SAPPER & MILLER, LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,623

$106,230+87.9%

$147,080+35.7%

$77,736+156.8%

Participation rate

98.7%

78.4%+20.3pp

82.2%+16.5pp

70.6%+28.1pp

Annual return

27.41%

56.91%-29.5pp

420.17%-392.8pp

31.26%-3.9pp

Employer contribution / active EE

$698

$4,072-82.9%

$4,933-85.9%

$2,728-74.4%

Participant deferral / active EE

$8,001-100.0%

$8,066-100.0%

$4,651-100.0%

Admin fee / account holder

$338-100.0%

$12,989-100.0%

$433-100.0%

DUCHARME, MCMILLEN & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DUCHARME, MCMILLEN & ASSOCIATES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion