Retirement plan

DUFNER PRODUCTS 401(K) PROFIT SHARING PLAN

Name: DUFNER PRODUCTS INC DBA MCPHERSON PRODUCTS - DUFNER PRODUCTS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: DUFNER PRODUCTS INC DBA MCPHERSON PRODUCTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUFNER PRODUCTS 401(K) PROFIT SHARING PLAN, DUFNER PRODUCTS INC DBA MCPHERSON PRODUCTS

DUFNER PRODUCTS INC DBA MCPHERSON PRODUCTSEIN 47-2576309Plan #001PY 2023

404 11TH STREET N - COLD SPRING, MN 56320320-290-0380

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$736K

+53.0% from 2022

Total participants

+8.7% from 2022

Average account balance

$40,886

+36.0% from 2022

Annual return

19.88%

+38.14 pp from 2022

Benchmarks

See 9,387 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,387 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$910K

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

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.

61.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3751

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$235 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.671%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,886

$85,024-51.9%

$70,544-42.0%

$139,466-70.7%

Participation rate

66.7%

73.9%-7.2pp

68.4%-1.7pp

80.3%-13.7pp

Annual return

19.88%

30.39%-10.5pp

32.79%-12.9pp

373.66%-353.8pp

Employer contribution / active EE

$1,259

$3,912-67.8%

$2,976-57.7%

$4,754-73.5%

Participant deferral / active EE

$6,569

$5,891+11.5%

$4,568+43.8%

$6,712-2.1%

Admin fee / account holder

$274

$8,928-96.9%

$6,427-95.7%

$11,409-97.6%

DUFNER PRODUCTS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUFNER PRODUCTS 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