Retirement plan

DAN'S MANAGEMENT COMPANY 401(K) PLAN

Name: DAN'S MANAGEMENT COMPANY, LLC - DAN'S MANAGEMENT COMPANY 401(K) PLAN (2019) Form 5500
Creator: DAN'S MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAN'S MANAGEMENT COMPANY 401(K) PLAN, DAN'S MANAGEMENT COMPANY, LLC

DAN'S MANAGEMENT COMPANY, LLCEIN 20-0487323Plan #001PY 2019

251 SMITH STREET - PROVIDENCE, RI 02908401-272-9773

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.7M

+37.0% from 2018

Total participants

108

-6.9% from 2018

Average account balance

$23,661

+33.3% from 2018

Annual return

23.28%

+27.62 pp from 2018

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.89M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

104

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.

24.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$474K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2711

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK3 years Filed as: COMMONWEALTH FINANCIAL Service code 17 300 METRO CENTER BLVD SUITE 275 · WARWICK, RI 02886	Pension Consulting	$7,014
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC. Service code 10 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Accounting	$450
AMERICAN FUNDS3 years Service code 15 · EIN 82-4555287	Recordkeeping	$400
COMPENSATION PLANNING INC.3 years Filed as: COMPENSATION PLANNING Service code 10 67 JEFFERSON BOULEVARD · WARWICK, RI 02888	Accounting	$200

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1K

$13 / participant

Contract admin$1K100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: OTRANDO, PORCARO AND ASSOCIATES
Auditor EIN: 050405576
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,661

$58,493-59.5%

$84,021-71.8%

$72,975-67.6%

Participation rate

57.8%

61.2%-3.4pp

69.0%-11.2pp

69.5%-11.7pp

Annual return

23.28%

28.93%-5.7pp

71.32%-48.0pp

81.01%-57.7pp

Employer contribution / active EE

$317

$1,163-72.8%

$1,984-84.0%

$2,440-87.0%

Participant deferral / active EE

$2,033

$2,394-15.1%

$3,239-37.2%

$3,608-43.6%

Admin fee / account holder

$14

$4,569-99.7%

$6,102-99.8%

$5,124-99.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Filed as: COMMONWEALTH FINANCIAL

Service code 17

300 METRO CENTER BLVD SUITE 275 · WARWICK, RI 02886

Pension Consulting

$7,014

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC.

Service code 10

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Accounting

$450

AMERICAN FUNDS3 years

Service code 15 · EIN 82-4555287

Recordkeeping

$400

COMPENSATION PLANNING INC.3 years

Filed as: COMPENSATION PLANNING

Service code 10

67 JEFFERSON BOULEVARD · WARWICK, RI 02888

Accounting

$200

DAN'S MANAGEMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAN'S MANAGEMENT COMPANY 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