Retirement plan

DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN

Name: DAMERON ALLOY FOUNDRIES CORPORATION - DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN (2019) Form 5500
Creator: DAMERON ALLOY FOUNDRIES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN, DAMERON ALLOY FOUNDRIES CORPORATION

DAMERON ALLOY FOUNDRIES CORPORATIONEIN 95-2254773Plan #002PY 2019

6330 GATEWAY DRIVE, SUITE B - CYPRESS, CA 90630714-820-6699dameron.netLinkedIn51-200 employeesmining & metals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.4M

+21.5% from 2018

Total participants

154

+17.6% from 2018

Average account balance

$68,880

+10.5% from 2018

Annual return

22.62%

+29.75 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.01M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

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.

78.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

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

-0.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3092

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$29,932
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118	Advisory (Plan)	$18,003
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236	Insurance Commissions	$5,403
ACTUARIES UNLIMITED, INC.1 year Service code 13 · EIN 95-3654973 16030 VENTURA BLVD, STE 320 · ENCINO, CA 91436	Contract Administrator	$1,000

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$48K

$417 / participant

Investment mgmt$46K96.8%
Contract admin$2K3.2%

% of EOY assets

0.570%

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: WERTZ & COMPANY
Auditor EIN: 020639624
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,880

$65,378+5.4%

$87,103-20.9%

$65,186+5.7%

Participation rate

72.2%

75.3%-3.2pp

76.9%-4.7pp

70.2%+2.0pp

Annual return

22.62%

31.28%-8.7pp

28.19%-5.6pp

29.39%-6.8pp

Employer contribution / active EE

$1,823-100.0%

$2,521-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,139

$3,389-36.9%

$4,049-47.2%

$3,514-39.1%

Admin fee / account holder

$393

$520-24.4%

$7,491-94.8%

$847-53.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$29,932

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

Advisory (Plan)

$18,003

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 53 · EIN 95-2834236

Insurance Commissions

$5,403

ACTUARIES UNLIMITED, INC.1 year

Service code 13 · EIN 95-3654973

16030 VENTURA BLVD, STE 320 · ENCINO, CA 91436

Contract Administrator

$1,000

DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAMERON ALLOY FOUNDRIES CORPORATION 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