Retirement plan

DIAMOND MANUFACTURING 401(K) PLAN

Name: DIAMOND MFG - DIAMOND MANUFACTURING 401(K) PLAN (2023) Form 5500
Creator: DIAMOND MFG
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIAMOND MANUFACTURING 401(K) PLAN, DIAMOND MFG

DIAMOND MFGEIN 81-4577932Plan #013PY 2023

P.O. BOX 1727 - STOCKTON, CA 952011727209-467-6000diamondnuts.comLinkedIn501-1000 employeesfood & beverages

Other plans on this EIN

2 filings

#010Retirement-$25.9M assets #001Retirement-$13.9M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5M

+20.6% from 2022

Total participants

371

-15.9% from 2022

Average account balance

$29,468

+10.6% from 2022

Annual return

16.41%

+33.48 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.36M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

185

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$543K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$14,522
RESOURCES INVESTMENT ADVISORS LLC4 years Service code 27 · EIN 43-1451524	Advisory (Plan)	$8,000

Plan features & details

Pension benefit codes3H2E2F2G2J2T3F3D

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$23K

$67 / participant

Recordkeeping$15K64.5%
Investment mgmt$8K35.5%

% of EOY assets

0.452%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,468

$69,823-57.8%

$76,902-61.7%

$74,473-60.4%

Participation rate

40.1%

70.0%-29.9pp

69.6%-29.5pp

70.7%-30.7pp

Annual return

16.41%

19.99%-3.6pp

37.91%-21.5pp

34.36%-17.9pp

Employer contribution / active EE

$774

$2,148-64.0%

$2,534-69.4%

$2,638-70.7%

Participant deferral / active EE

$645

$3,558-81.9%

$3,833-83.2%

$4,530-85.8%

Admin fee / account holder

$133

$398-66.5%

$5,479-97.6%

$347-61.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$14,522

RESOURCES INVESTMENT ADVISORS LLC4 years

Service code 27 · EIN 43-1451524

Advisory (Plan)

$8,000

DIAMOND MANUFACTURING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIAMOND MANUFACTURING 401(K) 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