Plan Ledger DOL Form 5500 · updated monthly

Daiwa Capital Markets America Inc.401(k)

DAIWA CAPITAL MARKETS AMERICA INC. RETIREMENT INVESTMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Daiwa Capital Markets America Inc. reported $29,840 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,399 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 3 years on file its reported administrative ratio has held roughly steady near 0.020%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 578th-largest of 5,648 plans among New York employers on file, and the 721st of 4,798 in finance & insurance. In 2024, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$155,076,020
Participants with balances449
Active participants301
Employer contributions$3,130,045
Employee contributions$5,357,249
Employer contribution per active participant$10,399
Average account balance$345,381
Benefits paid to participants$18,817,672
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$155.1M · 449 accts · $3.1M emplr
2023$149.3M · 456 accts · $3.2M emplr
2022$138.2M · 454 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,090
Audit (IQPA)$28,750
Total administrative$29,840
The Daiwa Capital Markets America Inc. 401(k) match · 2024
Employer contribution per active participant$10,399
Median for plans this size$3,635
2024$10,399 per active participant
2023$10,593 per active participant
2022$9,848 per active participant

Daiwa Capital Markets 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 · 20242
PKF O'CONNOR DAVIES, LLP$28,750

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$29,840 · 0.02%
2023$28,986 · 0.02%
2022$29,465 · 0.02%
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Source: U.S. Department of Labor, Form 5500 series, EIN 135680329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.