Plan Ledger DOL Form 5500 · updated monthly

Diamond Materials LLC401(k)

DIAMOND MATERIALS 401(K) PLAN · NEWPORT, DE · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Diamond Materials LLC reported $770 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,668 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 fell from 0.90% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Delaware (139th of 242), and 2,893rd of 5,337 in construction. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 164 to 319 since 2022.

Plan summary
Net assets, end of year$11,496,184
Participants with balances179
Active participants319
Employer contributions$531,947
Employee contributions$975,219
Employer contribution per active participant$1,668
Average account balance$64,224
Benefits paid to participants$665,314
Plan auditUnmodified (clean) audit opinion
AuditorFOULK HUBER, PA
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 179 accts · $532K emplr
2023$9.6M · 176 accts · $500K emplr
2022$7.9M · 163 accts · $477K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$770
Total administrative$770
The Diamond Materials LLC 401(k) match · 2024
Employer contribution per active participant$1,668
Median for plans this size$2,416
2024$1,668 per active participant
2023$1,773 per active participant
2022$2,910 per active participant

Diamond Materials LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Participant communication$770

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$770 · 0.01%
2023$985 · 0.01%
2022$75,417 · 0.90%
Same employer
Similar plansConstruction · Delaware
County Insulation Company DE$12.7M · 0.37%
Capano Management Company DE$11.6M · 0.62%
Intelgica, Inc. DE$11.5M · 0.44%
P. J. Fitzpatrick, LLC DE$11.0M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510373659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.