Retirement plan

DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN

Name: DAMERON ALLOY FOUNDRIES CORPORATION - DAMERON ALLOY FOUNDRIES CORPORATION 401(K) PLAN (2023) 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 2023

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

Prospect flagsHigh retiree %Low participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$8.2M

+17.5% from 2022

Total participants

169

+5.0% from 2022

Average account balance

$70,277

+21.6% from 2022

Annual return

16.98%

+36.78 pp from 2022

Benchmarks

See 4,139 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,139 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$33,469
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHID ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$27,825
ACTUARIES UNLIMITED, INC.5 years Service code 13 · EIN 95-3654973 16000 VENTURE BLVD STE 915 · ENCINO, CA 91436	Contract Administrator	$1,614

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$249 / participant

Investment mgmt$27K92.3%
Other / not subdivided$2K7.7%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

1 / 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: WERTZ & COMPANY, LLP
Auditor EIN: 020639624
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,277

$76,050-7.6%

$96,544-27.2%

$71,457-1.7%

Participation rate

55.1%

74.4%-19.3pp

76.0%-20.9pp

67.9%-12.8pp

Annual return

16.98%

22.81%-5.8pp

25.84%-8.9pp

28.85%-11.9pp

Employer contribution / active EE

$2,244-100.0%

$2,965-100.0%

$2,588-100.0%

Participant deferral / active EE

$1,612

$4,215-61.8%

$4,851-66.8%

$4,289-62.4%

Admin fee / account holder

$254

$2,707-90.6%

$8,252-96.9%

$1,587-84.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$33,469

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHID ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$27,825

ACTUARIES UNLIMITED, INC.5 years

Service code 13 · EIN 95-3654973

16000 VENTURE BLVD STE 915 · ENCINO, CA 91436

Contract Administrator

$1,614

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