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DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameDIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST
Plan identification number 001

DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

DIAMOND ENGINEERING CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:DIAMOND ENGINEERING CORPORATION
Employer identification number (EIN):521204957
NAIC Classification:541330
NAIC Description:Engineering Services

Additional information about DIAMOND ENGINEERING CORPORATION

Jurisdiction of Incorporation: Michigan Secretary of State
Incorporation Date: 1980-10-30
Company Identification Number: 227956
Legal Registered Office Address: OAKGROVE ST. CLAIR SHORES 48082


United States of America (USA)
30000

More information about DIAMOND ENGINEERING CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01CLIFTON S, DESMOND, V.P.2022-09-26
0012020-01-01CLIFTON S, DESMOND, V.P.2021-07-06
0012019-01-01STEVE DESMOND2020-09-25
0012018-01-01CLIFTON DESMOND2019-07-25
0012017-01-01CLIFTON DESMOND2018-10-15 CLIFTON DESMOND2018-10-15
0012016-01-01
0012015-01-01
0012014-01-01
0012013-01-01JESSICA WALL2014-06-19
0012012-01-01DIAMOND ENGINEERING CORPORATIO
0012011-08-01CLIFTON DESMOND
0012009-08-01CLIFTON DESMOND
0012009-08-01CLIFTON DESMOND

Plan Statistics for DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-0131
Total number of active participants reported on line 7a of the Form 55002012-01-0135
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0139
Number of participants with account balances2012-01-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year2011-08-0137
Total number of active participants reported on line 7a of the Form 55002011-08-0135
Number of retired or separated participants receiving benefits2011-08-010
Number of other retired or separated participants entitled to future benefits2011-08-015
Total of all active and inactive participants2011-08-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-08-010
Total participants2011-08-0140
Number of participants with account balances2011-08-0131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-08-010
2009: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year2009-08-0144
Total number of active participants reported on line 7a of the Form 55002009-08-0137
Number of retired or separated participants receiving benefits2009-08-010
Number of other retired or separated participants entitled to future benefits2009-08-011
Total of all active and inactive participants2009-08-0138
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-08-010
Total participants2009-08-0138
Number of participants with account balances2009-08-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-08-011

Financial Data on DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Measure Date Value
2012 : DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$193,697
Expenses. Total of all expenses incurred2012-12-31$21,671
Benefits paid (including direct rollovers)2012-12-31$20,486
Total plan assets at end of year2012-12-31$1,098,383
Total plan assets at beginning of year2012-12-31$926,357
Value of fidelity bond covering the plan2012-12-31$0
Total contributions received or receivable from participants2012-12-31$29,360
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$143,467
Net income (gross income less expenses)2012-12-31$172,026
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,098,383
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$926,357
Assets. Value of participant loans2012-12-31$20,703
Total contributions received or receivable from employer(s)2012-12-31$20,870
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,185
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2011 : DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Total income from all sources2011-12-31$27,531
Expenses. Total of all expenses incurred2011-12-31$16,008
Benefits paid (including direct rollovers)2011-12-31$12,142
Total plan assets at end of year2011-12-31$926,357
Total plan assets at beginning of year2011-12-31$914,834
Value of fidelity bond covering the plan2011-12-31$150,000
Total contributions received or receivable from participants2011-12-31$19,046
Other income received2011-12-31$-4,828
Net income (gross income less expenses)2011-12-31$11,523
Net plan assets at end of year (total assets less liabilities)2011-12-31$926,357
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$914,834
Assets. Value of participant loans2011-12-31$8,811
Total contributions received or receivable from employer(s)2011-12-31$13,313
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$3,866
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Total income from all sources2011-07-31$102,112
Expenses. Total of all expenses incurred2011-07-31$37,137
Benefits paid (including direct rollovers)2011-07-31$30,074
Total plan assets at end of year2011-07-31$914,834
Total plan assets at beginning of year2011-07-31$849,859
Value of fidelity bond covering the plan2011-07-31$150,000
Total contributions received or receivable from participants2011-07-31$50,997
Other income received2011-07-31$15,713
Net income (gross income less expenses)2011-07-31$64,975
Net plan assets at end of year (total assets less liabilities)2011-07-31$914,834
Net plan assets at beginning of year (total assets less liabilities)2011-07-31$849,859
Assets. Value of participant loans2011-07-31$12,799
Total contributions received or receivable from employer(s)2011-07-31$35,402
Expenses. Administrative service providers (salaries,fees and commissions)2011-07-31$7,063
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-07-31$0
2010 : DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-07-31$0
2009 : DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total income from all sources2009-07-31$-296,787
Expenses. Total of all expenses incurred2009-07-31$329,414
Benefits paid (including direct rollovers)2009-07-31$325,177
Total plan assets at end of year2009-07-31$819,157
Total plan assets at beginning of year2009-07-31$1,445,358
Value of fidelity bond covering the plan2009-07-31$150,000
Expenses. Other expenses not covered elsewhere2009-07-31$4,237
Other income received2009-07-31$-296,787
Net income (gross income less expenses)2009-07-31$-626,201
Net plan assets at end of year (total assets less liabilities)2009-07-31$819,157
Net plan assets at beginning of year (total assets less liabilities)2009-07-31$1,445,358
Assets. Value of participant loans2009-07-31$39,147

Form 5500 Responses for DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

2012: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2011 form 5500 responses
2011-08-01Type of plan entitySingle employer plan
2011-08-01Submission has been amendedNo
2011-08-01This submission is the final filingNo
2011-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2011-08-01Plan is a collectively bargained planNo
2011-08-01Plan funding arrangement – TrustYes
2011-08-01Plan benefit arrangement - TrustYes
2009: DIAMOND ENGINEERING CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST 2009 form 5500 responses
2009-08-01Type of plan entitySingle employer plan
2009-08-01Submission has been amendedYes
2009-08-01This submission is the final filingNo
2009-08-01This return/report is a short plan year return/report (less than 12 months)No
2009-08-01Plan is a collectively bargained planNo
2009-08-01Plan funding arrangement – InsuranceYes
2009-08-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

THE LINCOLN NATIONAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65676 )
Policy contract number73758
Policy instance 1
Insurance contract or identification number73758
Number of Individuals Covered35
Insurance policy start date2008-08-01
Insurance policy end date2009-07-31
Total amount of commissions paid to insurance brokerUSD $2,495
Total amount of fees paid to insurance companyUSD $624
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No

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