Retirement plan

DAKOTA MAGIC CASINO 401(K) PLAN AND TRUST

Name: DAKOTA MAGIC CASINO - DAKOTA MAGIC CASINO 401(K) PLAN AND TRUST (2017) Form 5500
Creator: DAKOTA MAGIC CASINO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAKOTA MAGIC CASINO 401(K) PLAN AND TRUST, DAKOTA MAGIC CASINO

DAKOTA MAGIC CASINOEIN 45-0438120Plan #001PY 2017

16849 102ND ST SE - HANKINSON, ND 58041701-634-3000dakotanationgaming.comLinkedIn1-10 employees

Prospect flagsLow returnsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

+13.6% from 2016

Total participants

1,031

-13.2% from 2016

Average account balance

$8,334

+30.1% from 2016

Annual return

8.88%

+3.33 pp from 2016

Benchmarks

See 698 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort698 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.33M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

799

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

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

+8.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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 3 by compensation

Provider	Service type	Compensation
BILLINGS AND COMPANY, INC.3+ years Service code 15 · EIN 42-1330861	Recordkeeping	$74,482
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$54,091
MYSLAJEK KEMP & SPENCER LTD1 year Service code 10 · EIN 41-1710454	Accounting	$10,800

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$142K

$214 / participant

Contract admin$129K90.8%
Other / not subdivided$13K9.2%

% of EOY assets

1.816%

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: MYSLAJEK, KEMP, & SPENCER, LTD.
Auditor EIN: 411710454
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,334

$28,416-70.7%

$73,545-88.7%

$69,631-88.0%

Participation rate

85.5%

38.3%+47.2pp

54.9%+30.6pp

70.7%+14.8pp

Annual return

8.88%

-694.13%+703.0pp

-15.16%+24.0pp

27571.02%-27562.1pp

Employer contribution / active EE

$890

$430+106.8%

$1,219-27.0%

$2,032-56.2%

Participant deferral / active EE

$1,101

$897+22.7%

$1,806-39.0%

$3,224-65.8%

Admin fee / account holder

$151

$104+45.1%

$2,320-93.5%

$110+37.1%

Provider

Service type

Compensation

BILLINGS AND COMPANY, INC.3+ years

Service code 15 · EIN 42-1330861

Recordkeeping

$74,482

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$54,091

MYSLAJEK KEMP & SPENCER LTD1 year

Service code 10 · EIN 41-1710454

Accounting

$10,800

DAKOTA MAGIC CASINO 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAKOTA MAGIC CASINO 401(K) PLAN AND TRUST

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