Plan Ledger DOL Form 5500 · updated monthly

Daikin America, Inc401(k)

DAIKIN AMERICA, INC. 401(K) SAVINGS AND RETIREMENT PLAN · ORANGEBURG, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Daikin America, Inc reported $227,886 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $11,582 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.12% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 483rd-largest of 5,648 plans among New York employers on file, and the 1,192nd of 13,661 in manufacturing. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$191,855,804
Participants with balances665
Active participants534
Employer contributions$6,184,525
Employee contributions$5,747,268
Employer contribution per active participant$11,582
Average account balance$288,505
Benefits paid to participants$15,628,347
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$191.9M · 665 accts · $6.2M emplr
2023$169.5M · 670 accts · $6.4M emplr
2022$152.7M · 683 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,039
Investment management$166,354
Audit (IQPA)$38,493
Total administrative$227,886
The Daikin America, Inc 401(k) match · 2024
Employer contribution per active participant$11,582
Median for plans this size$3,635
2024$11,582 per active participant
2023$11,771 per active participant
2022$11,063 per active participant

Daikin America, Inc's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
JOHN HANCOCK RETIREMENT SERVIC · Recordkeeping · Loan processing$95,493
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (plan)$77,550
EISNERAMPER LLP · Accounting / audit$38,493
CBIZ, INC. · Investment advisory (plan)$16,350

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$227,886 · 0.13%
2023$224,440 · 0.14%
2022$205,245 · 0.12%
Same employer
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Lactalis American Group Inc. NY$202.0M · 0.05%
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Avon Products, Inc. NY$195.8M · 0.15%
Cascades USA Inc. NY$174.8M · 0.13%
Schott Corporation NY$172.9M · 0.09%
Icc Industries Inc. NY$169.4M · 0.02%
Kodak Alaris Inc. NY$168.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 631038060 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.