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 (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$15.7M

+6.8% from 2022

Total participants

306

-0.3% from 2022

Average account balance

$57,806

+11.2% from 2022

Annual return

12.58%

+25.77 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
KERBERROSE WEALTH MANAGEMENT3 years Filed as: KERBER ROSE WEALTH MANAGEMENT Service code 27 · EIN 30-0793896	Advisory (Plan)	$29,012
ANDERSON, TACKMAN & COMPANY, PLC7+ years Service code 10 · EIN 38-1977929	Accounting	$19,050
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$10,980

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$59K

$280 / participant

Recordkeeping$11K18.6%
Investment mgmt$29K49.1%
Other / not subdivided$19K32.3%

% of EOY assets

0.377%

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: $19,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,806

$54,729+5.6%

$86,235-33.0%

$71,529-19.2%

Participation rate

83.4%

60.1%+23.3pp

69.0%+14.5pp

67.9%+15.5pp

Annual return

12.58%

20.07%-7.5pp

1170.03%-1157.4pp

28.97%-16.4pp

Employer contribution / active EE

$1,664

$1,267+31.3%

$2,381-30.1%

$2,590-35.7%

Participant deferral / active EE

$4,268

$3,110+37.2%

$3,987+7.1%

$4,291-0.5%

Admin fee / account holder

$218

$1,921-88.7%

$6,856-96.8%

$1,588-86.3%

Provider

Service type

Compensation

KERBERROSE WEALTH MANAGEMENT3 years

Filed as: KERBER ROSE WEALTH MANAGEMENT

Service code 27 · EIN 30-0793896

Advisory (Plan)

$29,012

ANDERSON, TACKMAN & COMPANY, PLC7+ years

Service code 10 · EIN 38-1977929

Accounting

$19,050

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$10,980

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