Retirement plan

DOMESTIC FORGE & FORMING, INC. RETIREMENT PLAN

Name: DOMESTIC FORGE AND FORMING, INC. - DOMESTIC FORGE & FORMING, INC. RETIREMENT PLAN (2024) Form 5500
Creator: DOMESTIC FORGE AND FORMING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOMESTIC FORGE & FORMING, INC. RETIREMENT PLAN, DOMESTIC FORGE AND FORMING, INC.

DOMESTIC FORGE AND FORMING, INC.EIN 38-3148363Plan #001PY 2024

57760 MAIN ST., PO BOX 480519 - NEW HAVEN, MI 48048586-749-9559

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$587K

+23.2% from 2023

Total participants

0.0% from 2023

Average account balance

$41,915

+23.2% from 2023

Annual return

11.76%

-3.02 pp from 2023

Benchmarks

See 22,981 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,981 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$587K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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 codes2G2J2E2F3D

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.
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

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

$5K

$283 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.821%

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

$41,915

$117,846-64.4%

$102,434-59.1%

$145,884-71.3%

Participation rate

76.5%

78.6%-2.2pp

76.5%0pp

80.3%-3.8pp

Annual return

11.76%

31.90%-20.1pp

29.46%-17.7pp

551.85%-540.1pp

Employer contribution / active EE

$941

$3,615-74.0%

$3,023-68.9%

$4,662-79.8%

Participant deferral / active EE

$2,263

$5,733-60.5%

$5,055-55.2%

$6,690-66.2%

Admin fee / account holder

$344

$13,356-97.4%

$9,462-96.4%

$13,392-97.4%

DOMESTIC FORGE & FORMING, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOMESTIC FORGE & FORMING, INC. RETIREMENT 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