Retirement plan

DOYON UTILITIES, LLC RETIREMENT PLAN

Name: DOYON UTILITIES, LLC - DOYON UTILITIES, LLC RETIREMENT PLAN (2023) Form 5500
Creator: DOYON UTILITIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOYON UTILITIES, LLC RETIREMENT PLAN, DOYON UTILITIES, LLC

DOYON UTILITIES, LLCEIN 20-3324258Plan #001PY 2023

714 4TH AVENUE, STE 100 - FAIRBANKS, AK 99701907-455-1500doyonutilities.comLinkedIn51-200 employeesutilities

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$65.3M

+24.4% from 2022

Total participants

273

+2.2% from 2022

Average account balance

$240,210

+22.1% from 2022

Annual return

20.94%

+39.28 pp from 2022

Benchmarks

See 195 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort195 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$73.12M

Not enough data

1 years with asset history on file

Average account balance

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

$255K

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.

287

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+15.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP9+ years Service code 12 · EIN 93-1253576	Custodial (other than securities); Cl...	$73,136

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$76 / participant

Contract admin$13K100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,210

$101,955+135.6%

$112,899+112.8%

$71,511+235.9%

Participation rate

99.4%

82.1%+17.3pp

80.5%+18.9pp

67.9%+31.5pp

Annual return

20.94%

28.92%-8.0pp

34.11%-13.2pp

28.86%-7.9pp

Employer contribution / active EE

$15,302

$4,743+222.6%

$4,566+235.1%

$2,589+491.0%

Participant deferral / active EE

$11,346

$6,771+67.6%

$6,516+74.1%

$4,291+164.4%

Admin fee / account holder

$47

$1,395-96.6%

$7,047-99.3%

$1,588-97.0%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP9+ years

Service code 12 · EIN 93-1253576

Custodial (other than securities); Cl...

$73,136

DOYON UTILITIES, LLC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOYON UTILITIES, LLC RETIREMENT 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