Retirement plan

DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Name: DAIKIN AMERICA, INC - DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: DAIKIN AMERICA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN, DAIKIN AMERICA, INC

DAIKIN AMERICA, INCEIN 63-1038060Plan #001PY 2017

20 OLYMPIC DRIVE - ORANGEBURG, NY 109620000845-365-9500daikin-america.comLinkedIn201-500 employeeschemicals

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 22, 1

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$122.3M

+17.8% from 2016

Total participants

589

+2.3% from 2016

Average account balance

$207,687

+15.2% from 2016

Annual return

16.80%

+10.24 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$191.86M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

665

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+15.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$343

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK RETIREMENT SERVIC Service code 15 · EIN 01-0233346	Recordkeeping	$84,531
EISNERAMPER LLP1 year Filed as: EISNERAMPER Service code 10 750 THIRD AVENUE · NEW YORK, NY 10017	Accounting	$16,942
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 123 LEE ST. NE · DECATUR, AL 35601	Advisory (Plan)	$0

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2G2J2K3H2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$101K

$206 / participant

Investment mgmt$55K54.3%
Contract admin$29K29.0%
Other / not subdivided$17K16.7%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$207,687

$75,284+175.9%

$91,001+128.2%

$69,631+198.3%

Participation rate

100.0%

80.4%+19.6pp

75.6%+24.4pp

70.7%+29.3pp

Annual return

16.80%

48.40%-31.6pp

4.60%+12.2pp

27571.02%-27554.2pp

Employer contribution / active EE

$9,187

$2,473+271.5%

$2,456+274.1%

$2,032+352.1%

Participant deferral / active EE

$7,861

$3,700+112.5%

$3,547+121.6%

$3,224+143.9%

Admin fee / account holder

$172

$111+55.8%

$5,417-96.8%

$110+56.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK RETIREMENT SERVIC

Service code 15 · EIN 01-0233346

Recordkeeping

$84,531

EISNERAMPER LLP1 year

Filed as: EISNERAMPER

Service code 10

750 THIRD AVENUE · NEW YORK, NY 10017

Accounting

$16,942

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 27

123 LEE ST. NE · DECATUR, AL 35601

Advisory (Plan)

DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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