Retirement plan

DANKMEYER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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

DANKMEYER, INC.EIN 52-0728112Plan #002PY 2023

825D HAMMONDS FERRY RD - LINTHICUM, MD 21090410-636-8114LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+3.1% from 2019

Total participants

+12.1% from 2019

Average account balance

$126,357

-8.1% from 2019

Annual return

11.51%

+8.56 pp from 2019

Benchmarks

See 22,632 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,632 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.54M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

158.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$194K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5272

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$240K

$10420 / participant

Other / not subdivided$240K100.0%

% of EOY assets

5.126%

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

$126,357

$110,240+14.6%

$96,544+30.9%

$139,487-9.4%

Participation rate

100.0%

78.1%+21.9pp

76.0%+24.0pp

80.3%+19.7pp

Annual return

11.51%

26.41%-14.9pp

25.88%-14.4pp

373.84%-362.3pp

Employer contribution / active EE

$3,182

$3,622-12.2%

$2,966+7.3%

$4,755-33.1%

Participant deferral / active EE

$4,518

$5,549-18.6%

$4,851-6.9%

$6,713-32.7%

Admin fee / account holder

$6,477

$11,602-44.2%

$8,254-21.5%

$11,407-43.2%

DANKMEYER, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANKMEYER, 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