Retirement plan

DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. 401(K) & PROFIT SHARING PLAN

Name: DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. - DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. 401(K) & PROFIT SHARING PLAN, DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC.

DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC.EIN 38-3387316Plan #002PY 2024

1505 NO LINCOLN RD - ESCANABA, MI 49829906-786-1600LinkedIn1-10 employeesinvestment management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.4M

+4.9% from 2023

Total participants

286

-6.5% from 2023

Average account balance

$61,094

+5.7% from 2023

Annual return

11.48%

-1.11 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.43M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

269

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 2 by compensation

Provider	Service type	Compensation
KERBERROSE WEALTH MANAGEMENT4 years Filed as: KERBER ROSE WEALTH MANAGEMENT Service code 27 · EIN 30-0793896	Advisory (Plan)	$31,300
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$9,365

Plan features & details

Pension benefit codes2I2S2T2E2F2G3H3D

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.
2I
Stock bonus
Stock bonus plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$41K

$202 / participant

Recordkeeping$9K23.0%
Investment mgmt$31K77.0%

% of EOY assets

0.247%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERSON TACKMAN COMPANY PLC
Auditor EIN: 381977929
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,094

$59,402+2.8%

$93,654-34.8%

$74,546-18.0%

Participation rate

91.5%

59.7%+31.9pp

68.7%+22.8pp

67.2%+24.3pp

Annual return

11.48%

81.86%-70.4pp

133.34%-121.9pp

1366.03%-1354.6pp

Employer contribution / active EE

$1,192

$1,265-5.8%

$2,421-50.8%

$2,624-54.6%

Participant deferral / active EE

$4,351

$3,049+42.7%

$4,413-1.4%

$4,347+0.1%

Admin fee / account holder

$151

$3,023-95.0%

$8,282-98.2%

$1,944-92.2%

Provider

Service type

Compensation

KERBERROSE WEALTH MANAGEMENT4 years

Filed as: KERBER ROSE WEALTH MANAGEMENT

Service code 27 · EIN 30-0793896

Advisory (Plan)

$31,300

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$9,365

DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAGENAIS ENTERPRISES MANAGEMENT COMPANY, INC. 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