Retirement plan

DAVID ARCHITECTURAL METALS, INC. UNION EMPLOYEES' SAVINGS PLAN

Name: DAVID ARCHITECTURAL METALS, INC. - DAVID ARCHITECTURAL METALS, INC. UNION EMPLOYEES' SAVINGS PLAN (2023) Form 5500
Creator: DAVID ARCHITECTURAL METALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVID ARCHITECTURAL METALS, INC. UNION EMPLOYEES' SAVINGS PLAN, DAVID ARCHITECTURAL METALS, INC.

DAVID ARCHITECTURAL METALS, INC.EIN 36-2242043Plan #003PY 2023

3100 S. KILBOURN AVENUE - CHICAGO, IL 60623773-376-3200davidarchitecturalmetals.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

2 filings

#002Retirement-$2.8M assets #001Retirement-$2.5M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$716K

+16.6% from 2022

Total participants

+9.1% from 2022

Average account balance

$34,080

+22.2% from 2022

Annual return

9.72%

+24.00 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$776K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7960

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

0 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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

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

$31K

$1719 / participant

Other / not subdivided$31K100.0%

% of EOY assets

4.323%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,080

$110,307-69.1%

$96,576-64.7%

$139,456-75.6%

Participation rate

83.3%

78.1%+5.2pp

76.0%+7.4pp

80.3%+3.0pp

Annual return

9.72%

26.40%-16.7pp

25.87%-16.2pp

373.45%-363.7pp

Employer contribution / active EE

$3,150

$3,619-13.0%

$2,965+6.2%

$4,753-33.7%

Participant deferral / active EE

$892

$5,547-83.9%

$4,851-81.6%

$6,711-86.7%

Admin fee / account holder

$1,473

$11,597-87.3%

$8,253-82.1%

$11,407-87.1%

DAVID ARCHITECTURAL METALS, INC. UNION EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVID ARCHITECTURAL METALS, INC. UNION EMPLOYEES' 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