Retirement plan

DOMINANCE INDUSTRIES, INC. DBA PAN PACIFIC PRODUCTS EMPLOYEE 401(K)

Name: DOMINANCE INDUSTRIES - DOMINANCE INDUSTRIES, INC. DBA PAN PACIFIC PRODUCTS EMPLOYEE 401(K) (2024) Form 5500
Creator: DOMINANCE INDUSTRIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOMINANCE INDUSTRIES, INC. DBA PAN PACIFIC PRODUCTS EMPLOYEE 401(K), DOMINANCE INDUSTRIES

DOMINANCE INDUSTRIESdba PAN PACIFIC PRODUCTSEIN 73-1441853Plan #001PY 2024

610 WEST STATE HWY 3, UNIT A - BROKEN BOW, OK 74728580-584-6247

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.3M

+22.5% from 2023

Total participants

+11.4% from 2023

Average account balance

$113,233

+18.1% from 2023

Annual return

21.61%

-10.89 pp from 2023

Benchmarks

See 5,395 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,395 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.34M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

52.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$377K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+21.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5943

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 codes2G2J2T2F3D

Plan features

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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$333K

$3739 / participant

Other / not subdivided$333K100.0%

% of EOY assets

5.249%

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

$113,233

$87,132+30.0%

$105,624+7.2%

$80,959+39.9%

Participation rate

52.8%

70.4%-17.6pp

75.3%-22.5pp

67.7%-14.9pp

Annual return

21.61%

17.03%+4.6pp

116.20%-94.6pp

35.67%-14.1pp

Employer contribution / active EE

$1,341

$2,397-44.1%

$3,168-57.7%

$2,757-51.4%

Participant deferral / active EE

$2,898

$3,985-27.3%

$5,013-42.2%

$4,300-32.6%

Admin fee / account holder

$5,943

$8,449-29.7%

$10,961-45.8%

$6,925-14.2%

DOMINANCE INDUSTRIES, INC. DBA PAN PACIFIC PRODUCTS EMPLOYEE 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOMINANCE INDUSTRIES, INC. DBA PAN PACIFIC PRODUCTS EMPLOYEE 401(K)

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