Retirement plan

DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC 401(K) PLAN

Name: DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC - DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC 401(K) PLAN (2022) Form 5500
Creator: DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC 401(K) PLAN, DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC

DELAWARE RESOURCE GROUP OF OKLAHOMA, LLCEIN 20-0458298Plan #001PY 2022

3220 QUAIL SPRINGS PARKWAY - OKLAHOMA CITY, OK 73134405-721-7776LinkedIn501-1000 employeesmanagement consulting

Prospect flagsLow returnsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$62M

-12.2% from 2021

Total participants

1,193

+6.2% from 2021

Average account balance

$65,383

-16.6% from 2021

Annual return

-17.58%

-31.52 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$82.36M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$70K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,184

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.21%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$180

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
INTRUST BANK, N.A.3 years Filed as: INTRUST BANK NA Service code 27 · EIN 48-0477525	Advisory (Plan)	$105,505
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$89,977
HOGANTAYLOR LLP1 year Filed as: HOGANTAYLORLLP Service code 10 · EIN 73-1413977	Accounting	$15,500

Plan features & details

Pension benefit codes2F2G2J2K2T3H2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$211K

$240 / participant

Other / not subdivided$211K100.0%

% of EOY assets

0.340%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOGAN TAYLOR, LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,383

$82,163-20.4%

$125,363-47.8%

$64,814+0.9%

Participation rate

72.1%

77.9%-5.8pp

82.4%-10.2pp

71.5%+0.7pp

Annual return

-17.58%

3.49%-21.1pp

572.15%-589.7pp

32.84%-50.4pp

Employer contribution / active EE

$2,316

$3,616-35.9%

$4,815-51.9%

$2,507-7.6%

Participant deferral / active EE

$7,469

$7,175+4.1%

$7,447+0.3%

$4,310+73.3%

Admin fee / account holder

$223

$163+36.4%

$10,005-97.8%

$188+18.5%

Provider

Service type

Compensation

INTRUST BANK, N.A.3 years

Filed as: INTRUST BANK NA

Service code 27 · EIN 48-0477525

Advisory (Plan)

$105,505

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$89,977

HOGANTAYLOR LLP1 year

Filed as: HOGANTAYLORLLP

Service code 10 · EIN 73-1413977

Accounting

$15,500

DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion