Retirement plan

DASEKE, INC. 401(K) RETIREMENT PLAN

Name: DASEKE, INC. - DASEKE, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: DASEKE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DASEKE, INC. 401(K) RETIREMENT PLAN, DASEKE, INC.

DASEKE, INC.EIN 26-3742850Plan #001PY 2017

15455 DALLAS PARKWAY, STE 550 - ADDISON, TX 750016764972-248-0412

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$50M

+23.6% from 2016

Total participants

1,321

+2.4% from 2016

Average account balance

$37,823

+20.7% from 2016

Annual return

17.59%

-61.32 pp from 2016

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114.60M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

2,197

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.

29.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 7 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3+ years Filed as: NEXT FINANCIAL GROUP, INC. Service code 27 · EIN 54-1900002	Advisory (Plan)	$61,602
DASEKE COMPANIES, INC.1 year Filed as: DASEKE INC Service code 35 · EIN 26-3742850	Employee (plan sponsor)	$41,870
GRANT THORNTON LLP2 years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$24,000
ECONOMIC GROUP PENSION SERVICES1 year Service code 15 · EIN 13-3180178	Recordkeeping	$23,905
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$22,545
PEARCE BEVILL LEESBURG MOORE PC2 years Filed as: PEARCE, BEVILLE, LEESBURG MOORE Service code 15 · EIN 63-0813240	Recordkeeping	$21,000
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$2,842

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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

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

$258K

$224 / participant

Contract admin$86K33.3%
Other / not subdivided$172K66.7%

% of EOY assets

0.517%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,823

$65,292-42.1%

$71,671-47.2%

$77,958-51.5%

Participation rate

100.0%

67.4%+32.6pp

68.7%+31.3pp

71.6%+28.4pp

Annual return

17.59%

21.25%-3.7pp

20.65%-3.1pp

20.87%-3.3pp

Employer contribution / active EE

$2,082

$2,085-0.2%

$2,460-15.4%

$2,310-9.9%

Participant deferral / active EE

$3,626

$3,008+20.5%

$3,438+5.5%

$3,537+2.5%

Admin fee / account holder

$196

$84+131.7%

$5,558-96.5%

$97+100.9%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Filed as: NEXT FINANCIAL GROUP, INC.

Service code 27 · EIN 54-1900002

Advisory (Plan)

$61,602

DASEKE COMPANIES, INC.1 year

Filed as: DASEKE INC

Service code 35 · EIN 26-3742850

Employee (plan sponsor)

$41,870

GRANT THORNTON LLP2 years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$24,000

ECONOMIC GROUP PENSION SERVICES1 year

Service code 15 · EIN 13-3180178

Recordkeeping

$23,905

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$22,545

PEARCE BEVILL LEESBURG MOORE PC2 years

Filed as: PEARCE, BEVILLE, LEESBURG MOORE

Service code 15 · EIN 63-0813240

Recordkeeping

$21,000

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$2,842

DASEKE, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DASEKE, INC. 401(K) 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