Retirement plan

DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. 401K PLAN

Name: DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. - DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. 401K PLAN (2023) Form 5500
Creator: DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. 401K PLAN, DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC.

DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC.EIN 59-2050149Plan #001PY 2023

7205 THOMAS DRIVE, BUILDING C - PANAMA CITY BEACH, FL 32407850-234-8839dunesofpanama.comLinkedIn11-50 employees

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$666K

+23.4% from 2022

Total participants

-4.2% from 2022

Average account balance

$41,653

+31.1% from 2022

Annual return

15.54%

+31.40 pp from 2022

Benchmarks

See 19,279 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,279 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$576K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14542

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$488 / participant

Other / not subdivided$8K100.0%

% of EOY assets

1.171%

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

$41,653

$202,440-79.4%

$169,390-75.4%

$139,466-70.1%

Participation rate

56.3%

81.1%-24.9pp

77.2%-20.9pp

80.3%-24.1pp

Annual return

15.54%

532.36%-516.8pp

406.07%-390.5pp

373.66%-358.1pp

Employer contribution / active EE

$694

$4,693-85.2%

$4,013-82.7%

$4,754-85.4%

Participant deferral / active EE

$2,459

$6,940-64.6%

$6,222-60.5%

$6,712-63.4%

Admin fee / account holder

$488

$10,722-95.5%

$9,015-94.6%

$11,409-95.7%

DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUNES OF PANAMA MANAGEMENT ASSOCIATION, INC. 401K 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