Retirement plan

DELAWARE ELEVATOR, INC. RETIREMENT PLAN

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

DELAWARE ELEVATOR, INC.EIN 52-1193017Plan #002PY 2024

2210 ALLEN DRIVE - SALISBURY, MD 218018059410-749-3489delawareelevator.comLinkedIn201-500 employeesfacilities services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$31.8M

+31.8% from 2023

Total participants

547

+29.0% from 2023

Average account balance

$73,136

+23.9% from 2023

Annual return

25.63%

+12.25 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.81M

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

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

+25.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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
ARKADIOS CAPITAL2 years Service code 27 · EIN 82-1659517	Advisory (Plan)	$47,342
THE VANGUARD GROUP, INC.9+ years Service code 37 · EIN 23-1945930	Loan Processing	$34,526
LINCOLN NATIONAL CORPORATION9+ years Filed as: LINCOLN FINANCIAL ADVISORS Service code 27 · EIN 35-1151034	Advisory (Plan)	$31,561
ASSOCIATED BENEFIT PLANNERS, LTD.5 years Service code 37 · EIN 23-2250214 215 W. CHURCH ROAD, STE. 200 · KING OF PRUSSIA, PA 19406	Loan Processing	$7,100

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$121K

$253 / participant

Recordkeeping$21K17.5%
Investment mgmt$79K65.5%
Other / not subdivided$20K17.0%

% of EOY assets

0.379%

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: SMITH, ELLIOTT, KEARNS & COMPANY
Auditor EIN: 520783935
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,136

$82,979-11.9%

$102,412-28.6%

$77,736-5.9%

Participation rate

76.5%

71.5%+5.0pp

74.5%+2.0pp

70.6%+5.9pp

Annual return

25.63%

19.11%+6.5pp

24.94%+0.7pp

31.26%-5.6pp

Employer contribution / active EE

$1,921

$3,554-46.0%

$3,870-50.4%

$2,728-29.6%

Participant deferral / active EE

$4,118

$4,109+0.2%

$5,060-18.6%

$4,651-11.5%

Admin fee / account holder

$277

$639-56.6%

$8,388-96.7%

$433-36.1%

Provider

Service type

Compensation

ARKADIOS CAPITAL2 years

Service code 27 · EIN 82-1659517

Advisory (Plan)

$47,342

THE VANGUARD GROUP, INC.9+ years

Service code 37 · EIN 23-1945930

Loan Processing

$34,526

LINCOLN NATIONAL CORPORATION9+ years

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 27 · EIN 35-1151034

Advisory (Plan)

$31,561

ASSOCIATED BENEFIT PLANNERS, LTD.5 years

Service code 37 · EIN 23-2250214

215 W. CHURCH ROAD, STE. 200 · KING OF PRUSSIA, PA 19406

Loan Processing

$7,100

DELAWARE ELEVATOR, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DELAWARE ELEVATOR, 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