Retirement plan

DTN MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Name: DTN MANAGEMENT COMPANY - DTN MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: DTN MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DTN MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN, DTN MANAGEMENT COMPANY

DTN MANAGEMENT COMPANYEIN 38-3287356Plan #002PY 2022

2502 LAKE LANSING RD STE C - LANSING, MI 489123661517-371-5300dtnmgt.comLinkedIn201-500 employeesreal estate

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.9M

-18.2% from 2021

Total participants

294

+15.3% from 2021

Average account balance

$70,169

-28.0% from 2021

Annual return

-19.33%

-35.79 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$27.71M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

303

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$380

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$91,283
THE O.N. EQUITY SALES COMPANY2 years Filed as: O N EQUITY SALES CO Service code 49 · EIN 31-0742113	Other Services	$21,377
OHIO NATIONAL INSURANCE AGENCY INC6 years Service code 49 · EIN 32-0071428	Other Services	$1,656

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$91K

$408 / participant

Contract admin$91K100.0%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLARK SCHAEFER HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,169

$59,159+18.6%

$159,960-56.1%

$66,914+4.9%

Participation rate

95.5%

68.1%+27.4pp

78.0%+17.6pp

69.8%+25.7pp

Annual return

-19.33%

-12.26%-7.1pp

408.60%-427.9pp

1.58%-20.9pp

Employer contribution / active EE

$3,264

$1,983+64.6%

$4,226-22.8%

$2,544+28.3%

Participant deferral / active EE

$4,829

$4,395+9.9%

$6,182-21.9%

$4,237+14.0%

Admin fee / account holder

$321

$591-45.6%

$8,698-96.3%

$593-45.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$91,283

THE O.N. EQUITY SALES COMPANY2 years

Filed as: O N EQUITY SALES CO

Service code 49 · EIN 31-0742113

Other Services

$21,377

OHIO NATIONAL INSURANCE AGENCY INC6 years

Service code 49 · EIN 32-0071428

Other Services

$1,656

DTN MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DTN MANAGEMENT COMPANY 401(K) PROFIT SHARING 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