Retirement plan

DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: DUAL NORTH AMERICA, INC. - DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: DUAL NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN AND TRUST, DUAL NORTH AMERICA, INC.

DUAL NORTH AMERICA, INC.EIN 46-4468812Plan #001PY 2020

1100 FIFTH AVENUE SOUTH, SUITE 301 - NAPLES, FL 34102973-631-7575

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.7M

+36.0% from 2019

Total participants

172

+13.9% from 2019

Average account balance

$85,479

+21.1% from 2019

Annual return

19.51%

-7.71 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.13M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

711

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH INSURANCE AGENCY Service code 26 150 N. COLLEGE ST. · CHARLOTTE, NC 28202	Advisory (Participants)	$23,592
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Service code 15 · EIN 01-0233346	Recordkeeping	$443

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$57K

$405 / participant

Investment mgmt$24K41.0%
Contract admin$34K58.4%
Other / not subdivided$3100.5%

% of EOY assets

0.491%

all-in expense ratio

Categories reported

2 / 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: ASSURANCE DIMENSIONS, INC.
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,479

$136,307-37.3%

$177,840-51.9%

$73,493+16.3%

Participation rate

75.4%

86.1%-10.8pp

87.7%-12.4pp

70.7%+4.7pp

Annual return

19.51%

18.68%+0.8pp

48.32%-28.8pp

28.51%-9.0pp

Employer contribution / active EE

$3,847

$3,712+3.6%

$5,919-35.0%

$2,270+69.5%

Participant deferral / active EE

$8,543

$5,829+46.6%

$7,714+10.7%

$3,740+128.4%

Admin fee / account holder

$419

$596-29.6%

$12,431-96.6%

$513-18.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH INSURANCE AGENCY

Service code 26

150 N. COLLEGE ST. · CHARLOTTE, NC 28202

Advisory (Participants)

$23,592

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$443

DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING 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