Retirement plan

DALE GRIMES ENTERPRISES, INC. RETIREMENT PLAN

Name: DALE GRIMES ENTERPRISES, INC. - DALE GRIMES ENTERPRISES, INC. RETIREMENT PLAN (2022) Form 5500
Creator: DALE GRIMES ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DALE GRIMES ENTERPRISES, INC. RETIREMENT PLAN, DALE GRIMES ENTERPRISES, INC.

DALE GRIMES ENTERPRISES, INC.EIN 75-2386600Plan #001PY 2022

14250 FM 344 WEST - BULLARD, TX 75757903-825-2120LinkedIn51-200 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement-$3.1M assets

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

-3.7% from 2021

Total participants

100

-39.4% from 2021

Average account balance

$25,722

+63.8% from 2021

Annual return

-11.21%

-22.14 pp from 2021

Benchmarks

See 2,260 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,260 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.60M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

106.7%

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

$3K

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

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3462

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,461
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$4,276
ALLIED CONSULTANTS, INC1 year Filed as: ALLIED CONSULTANTS Service code 13 14768 PIPELINE AVE · CHINO HILLS, CA 91709	Contract Administrator	$537

Plan features & details

Pension benefit codes2D2E2G2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$12K

$172 / participant

Investment mgmt$4K35.1%
Contract admin$8K64.9%

% of EOY assets

0.489%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HUSELTON, MORGAN & MAULTSBY, P.C.
Auditor EIN: 752409112
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,722

$53,162-51.6%

$91,225-71.8%

$68,486-62.4%

Participation rate

95.8%

63.2%+32.6pp

73.2%+22.6pp

67.9%+27.9pp

Annual return

-11.21%

-3.14%-8.1pp

114.12%-125.3pp

-7.85%-3.4pp

Employer contribution / active EE

$4,892

$1,709+186.2%

$2,851+71.6%

$2,597+88.4%

Participant deferral / active EE

$279

$2,974-90.6%

$4,233-93.4%

$4,028-93.1%

Admin fee / account holder

$126

$4,493-97.2%

$5,422-97.7%

$5,404-97.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,461

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$4,276

ALLIED CONSULTANTS, INC1 year

Filed as: ALLIED CONSULTANTS

Service code 13

14768 PIPELINE AVE · CHINO HILLS, CA 91709

Contract Administrator

$537

DALE GRIMES ENTERPRISES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DALE GRIMES ENTERPRISES, INC. RETIREMENT 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