Retirement plan

DIACOM 401K SAVINGS PLAN

Name: DIACOM, INC. - DIACOM 401K SAVINGS PLAN (2019) Form 5500
Creator: DIACOM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIACOM 401K SAVINGS PLAN, DIACOM, INC.

DIACOM, INC.EIN 58-2540182Plan #001PY 2019

5 HOWE DR - AMHERST, NH 03031603-880-1900diacom.comLinkedIn51-200 employeesautomotive

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7M

+26.0% from 2018

Total participants

129

-2.3% from 2018

Average account balance

$59,543

+23.9% from 2018

Annual return

20.33%

+26.89 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.16M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

150

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$935K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130	Recordkeeping	$17,064
SUMMIT FINANCIAL CORPORATION2 years Filed as: SUMMIT FINANCIALCORPORATION Service code 13 · EIN 04-3222046	Contract Administrator	$12,445
COMMONWEALTH FINANCIAL NETWORK2 years Service code 33 · EIN 04-2675571	Securities brokerage; Other fees	$6,232

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$36K

$325 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.513%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,543

$66,319-10.2%

$93,614-36.4%

$65,185-8.7%

Participation rate

89.1%

74.0%+15.1pp

75.8%+13.3pp

70.2%+18.9pp

Annual return

20.33%

42.59%-22.3pp

32.76%-12.4pp

29.38%-9.1pp

Employer contribution / active EE

$2,768

$2,013+37.5%

$2,718+1.8%

$2,177+27.2%

Participant deferral / active EE

$3,418

$3,343+2.2%

$4,069-16.0%

$3,514-2.7%

Admin fee / account holder

$305

$6,900-95.6%

$7,889-96.1%

$847-63.9%

Provider

Service type

Compensation

NATIONWIDE2 years

Filed as: NATIONWIDE TRUST COMPANY

Service code 15 · EIN 31-1592130

Recordkeeping

$17,064

SUMMIT FINANCIAL CORPORATION2 years

Filed as: SUMMIT FINANCIALCORPORATION

Service code 13 · EIN 04-3222046

Contract Administrator

$12,445

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 33 · EIN 04-2675571

Securities brokerage; Other fees

$6,232

DIACOM 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIACOM 401K 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