Retirement plan

DESKTOP METAL RETIREMENT PLAN

Name: DESKTOP METAL, INC. - DESKTOP METAL RETIREMENT PLAN (2024) Form 5500
Creator: DESKTOP METAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESKTOP METAL RETIREMENT PLAN, DESKTOP METAL, INC.

DESKTOP METAL, INC.EIN 47-4947659Plan #001PY 2024

63 THIRD AVE. - BURLINGTON, MA 01803978-224-1244LinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$31.7M

+4.2% from 2023

Total participants

504

+14.0% from 2023

Average account balance

$72,891

+5.9% from 2023

Annual return

14.98%

-93.92 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.71M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

435

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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 5 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2 years Service code 27 · EIN 42-1445429	Advisory (Plan)	$30,105
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$23,871
MARCUM LLP1 year Filed as: CROSKEY LANNI/ MARCUM LLC Service code 10 · EIN 11-1986323	Accounting	$23,000
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$5,744
CARON & BLETZER, PLLC1 year Service code 10 · EIN 04-3499945	Accounting	$5,550

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$88K

$353 / participant

Recordkeeping$24K27.2%
Investment mgmt$36K40.5%
Other / not subdivided$29K32.3%

% of EOY assets

0.278%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,891

$89,067-18.2%

$102,423-28.8%

$77,714-6.2%

Participation rate

72.4%

80.9%-8.5pp

76.5%-4.1pp

70.6%+1.8pp

Annual return

14.98%

25.01%-10.0pp

29.42%-14.4pp

31.26%-16.3pp

Employer contribution / active EE

$2,699-100.0%

$3,023-100.0%

$2,727-100.0%

Participant deferral / active EE

$9,746

$5,147+89.4%

$5,054+92.8%

$4,649+109.6%

Admin fee / account holder

$203

$236-13.9%

$9,455-97.9%

$433-53.2%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2 years

Service code 27 · EIN 42-1445429

Advisory (Plan)

$30,105

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$23,871

MARCUM LLP1 year

Filed as: CROSKEY LANNI/ MARCUM LLC

Service code 10 · EIN 11-1986323

Accounting

$23,000

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$5,744

CARON & BLETZER, PLLC1 year

Service code 10 · EIN 04-3499945

Accounting

$5,550

DESKTOP METAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESKTOP METAL 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