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DEMCO New York Corporation

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

DEMCO New York Corporation

66
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
66
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (68)
Highest in Peer Group (85)

Plan Description

DEMCO 401k Retirement Savings & Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 35% of plans for Salary Deferral. DEMCO 401k Retirement Savings & Investment Plan currently has over 100 active participants and over $7.4M in plan assets.

Did you know?

For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (66) and the top rated plan (85) could equate to:
9
Additional years of work
178,200
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 6701 Manlius Center Rd
  • Location
    East Syracuse , NY
    • 13057
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Peter Donohoe
  • Net Plan Assets
    $7,430,000
  • Total Participants
    180
  • Avg Account Balance
    $51,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Average

Design

Total Plan Cost:
High Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average

Peer Group Plans

Company Rating
Premier Power Maintenance 79.7
SME, Inc. of Seattle 75.5
Telstar Instruments 71.9
Beacon Electric Company 69.1
Jacobs Technology 67.2
Ellsworth Electric 56.6

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
Practice Management
Practice Management: Areas of Success

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

December 28, 2020
exclusives
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
January 19, 2021
Deals & People
HUB Names New Leader for Retirement and Private Wealth

PLANADVISER has learned that HUB International has named Joe DeNoyior as the new leader for Retirement and Private Wealth.

January 22, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020

Investments

Investment Menu Stats

# of Investment Options

33

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
John Hancock Funds II Multimanager Lifestyle Balanced 46%
N/A
John Hancock Funds II Multimanager Lifestyle Growth 17%
N/A
John Hancock Funds II Multimanager Lifestyle Moderate 7%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
John Hancock
Insurance Advisor/Broker
Stifel, Nicolaus & Company, Inc.
Recordkeeper
John Hancock
Auditor
Green & Seifter

Articles and Questions

Boeing Plan Report (Updated)

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Why Do Investment Expenses Matter?
Ryan Alfred

Popular Questions

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