Retirement plan

DURAFLAME, INC. 401(K) PLAN

Name: DURAFLAME, INC. - DURAFLAME, INC. 401(K) PLAN (2024) Form 5500
Creator: DURAFLAME, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DURAFLAME, INC. 401(K) PLAN, DURAFLAME, INC.

DURAFLAME, INC.EIN 94-2840671Plan #003PY 2024

2879 SAINT ROSE PARKWAY SUITE 200 - HENDERSON, NV 89052702-803-7710duraflame.comLinkedIn51-200 employeesconsumer goods

Prospect flagsLow returnsHigh feesLow participationLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed April 30, 2013

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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How to read this page

Total assets (EOY)

$19M

-2.7% from 2023

Total participants

359

-17.8% from 2023

Average account balance

$106,516

+12.0% from 2023

Annual return

11.64%

-4.08 pp from 2023

Benchmarks

See 1,164 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,164 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$18.96M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

178

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.

43.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$472

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 4 by compensation

Provider	Service type	Compensation
RETIREMENT WELLNESS GROUP LLC7 years Service code 27 PO BOX 7001 · PASADENA, CA 911097001	Advisory (Plan)	$38,185
BOWMAN & COMPANY LLP8 years Service code 10 10100 TRINITY PKWY STE 310 · STOCKTON, CA 952197240	Accounting	$27,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,248
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,524

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$84K

$264 / participant

Recordkeeping$10K12.2%
Investment mgmt$47K55.6%
Other / not subdivided$27K32.2%

% of EOY assets

0.443%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BOWMAN AND COMPANY, LLP
Auditor EIN: 941481988
Audit fees: $27,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,516

$92,055+15.7%

$106,213+0.3%

$77,643+37.2%

Participation rate

43.1%

81.0%-37.9pp

75.3%-32.2pp

70.6%-27.5pp

Annual return

11.64%

17.91%-6.3pp

116.14%-104.5pp

31.24%-19.6pp

Employer contribution / active EE

$1,180

$3,367-65.0%

$3,171-62.8%

$2,726-56.7%

Participant deferral / active EE

$2,564

$5,386-52.4%

$5,016-48.9%

$4,647-44.8%

Admin fee / account holder

$472

$219+115.3%

$11,033-95.7%

$430+9.6%

Provider

Service type

Compensation

RETIREMENT WELLNESS GROUP LLC7 years

Service code 27

PO BOX 7001 · PASADENA, CA 911097001

Advisory (Plan)

$38,185

BOWMAN & COMPANY LLP8 years

Service code 10

10100 TRINITY PKWY STE 310 · STOCKTON, CA 952197240

Accounting

$27,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,248

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,524

DURAFLAME, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DURAFLAME, INC. 401(K) PLAN

Top hat statement on fileNQDC

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