Retirement plan

OUR RETIREMENT PLAN

Name: DIAMOND GROUP LLC - OUR RETIREMENT PLAN (2020) Form 5500
Creator: DIAMOND GROUP LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OUR RETIREMENT PLAN, DIAMOND GROUP LLC

DIAMOND GROUP LLCEIN 75-2972647Plan #001PY 2020

6101 EXECUTIVE BOULEVARD, SUITE 380 - ROCKVILLE, MD 20852202-870-5592

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8M

+23.3% from 2019

Total participants

251

-3.1% from 2019

Average account balance

$36,845

+28.4% from 2019

Annual return

14.31%

-2.44 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+1.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 3 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC4 years Service code 13 · EIN 23-3038464	Contract Administrator	$39,028
AMERICAN FUNDS4 years Filed as: THE CAPITAL GROUP INVESTMENT Service code 27 ADVISORY SERVICES · BETHESDA, MD 20817	Advisory (Plan)	$28,110
BRINKER CAPITAL3 years Filed as: BRINKER CAPITAL, INC. Service code 28 · EIN 22-2799756	Investment Management	$10,332

Plan features & details

Pension benefit codes2G2E2J2K2F3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$70K

$446 / participant

Investment mgmt$38K54.6%
Contract admin$39K55.4%

% of EOY assets

0.877%

all-in expense ratio

Categories reported

2 / 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: WALSH CPA COMPANY, LLC
Auditor EIN: 851436449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,845

$99,957-63.1%

$149,715-75.4%

$73,493-49.9%

Participation rate

79.1%

75.7%+3.4pp

82.5%-3.4pp

70.7%+8.4pp

Annual return

14.31%

53.87%-39.6pp

276.66%-262.3pp

28.51%-14.2pp

Employer contribution / active EE

$4,466

$3,191+40.0%

$4,645-3.8%

$2,270+96.7%

Participant deferral / active EE

$3,469

$6,073-42.9%

$6,842-49.3%

$3,740-7.2%

Admin fee / account holder

$323

$551-41.4%

$9,310-96.5%

$513-37.1%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC4 years

Service code 13 · EIN 23-3038464

Contract Administrator

$39,028

AMERICAN FUNDS4 years

Filed as: THE CAPITAL GROUP INVESTMENT

Service code 27

ADVISORY SERVICES · BETHESDA, MD 20817

Advisory (Plan)

$28,110

BRINKER CAPITAL3 years

Filed as: BRINKER CAPITAL, INC.

Service code 28 · EIN 22-2799756

Investment Management

$10,332

OUR RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OUR 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