Retirement plan

DYKES LUMBER COMPANY INC 401K) PROFIT SHARING PLAN AND TRUST

Name: DYKES LUMBER COMPANY INC. - DYKES LUMBER COMPANY INC 401K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: DYKES LUMBER COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DYKES LUMBER COMPANY INC 401K) PROFIT SHARING PLAN AND TRUST, DYKES LUMBER COMPANY INC.

DYKES LUMBER COMPANY INC.EIN 22-2001740Plan #002PY 2023

1899 PARK AVE - WEEHAWKEN, NJ 07086201-867-0391LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$24.6M

+8.7% from 2022

Total participants

-7.7% from 2022

Average account balance

$292,792

+17.8% from 2022

Annual return

16.81%

+33.54 pp from 2022

Benchmarks

See 9,478 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,478 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.17M

Not enough data

1 years with asset history on file

Average account balance

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

$323K

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.

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.

122.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41597

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3.0M

$44195 / participant

Other / not subdivided$3M100.0%

% of EOY assets

12.219%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$292,792

$65,566+346.6%

$86,235+239.5%

$75,177+289.5%

Participation rate

100.0%

60.5%+39.5pp

69.0%+31.0pp

67.2%+32.8pp

Annual return

16.81%

46.07%-29.3pp

1170.03%-1153.2pp

160.75%-143.9pp

Employer contribution / active EE

$7,131

$1,553+359.1%

$2,381+199.5%

$2,671+167.0%

Participant deferral / active EE

$9,450

$3,023+212.6%

$3,987+137.0%

$4,126+129.0%

Admin fee / account holder

$35,777

$5,470+554.1%

$6,856+421.9%

$5,651+533.1%

DYKES LUMBER COMPANY INC 401K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DYKES LUMBER COMPANY INC 401K) PROFIT SHARING PLAN AND TRUST

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