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 (2020) 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 2020

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$15.4M

-0.4% from 2019

Total participants

323

-5.8% from 2019

Average account balance

$50,958

+3.3% from 2019

Annual return

10.89%

-10.74 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
SECURITY NATIONAL BANK4+ years Service code 15 · EIN 42-0943319	Recordkeeping	$55,506
ANDERSON, TACKMAN & COMPANY, PLC4+ years Service code 10 · EIN 38-1977929	Accounting	$9,200
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$3,409
CHARLES SCHWAB & CO., INC.4+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2G2J2F2E2K2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$68K

$368 / participant

Investment mgmt$68K100.0%

% of EOY assets

0.443%

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: ANDERSON, TACKMAN & COMPANY, P.L.C.
Auditor EIN: 381977929
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,958

$54,573-6.6%

$90,970-44.0%

$73,497-30.7%

Participation rate

88.6%

61.2%+27.5pp

69.0%+19.6pp

70.7%+18.0pp

Annual return

10.89%

16.69%-5.8pp

134.60%-123.7pp

28.51%-17.6pp

Employer contribution / active EE

$1,504

$991+51.7%

$2,122-29.1%

$2,270-33.8%

Participant deferral / active EE

$3,161

$2,517+25.6%

$3,373-6.3%

$3,740-15.5%

Admin fee / account holder

$226

$521-56.7%

$5,961-96.2%

$513-56.0%

Provider

Service type

Compensation

SECURITY NATIONAL BANK4+ years

Service code 15 · EIN 42-0943319

Recordkeeping

$55,506

ANDERSON, TACKMAN & COMPANY, PLC4+ years

Service code 10 · EIN 38-1977929

Accounting

$9,200

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$3,409

CHARLES SCHWAB & CO., INC.4+ years

Service code 19 · EIN 94-1737782

Securities Custodian

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