Retirement plan

DAINES INSURANCE & FINANCIAL SERVICES, LLP 401(K) PLAN

Name: DAINES INSURANCE & FINANCIAL SERVICES, LLP - DAINES INSURANCE & FINANCIAL SERVICES, LLP 401(K) PLAN (2018) Form 5500
Creator: DAINES INSURANCE & FINANCIAL SERVICES, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAINES INSURANCE & FINANCIAL SERVICES, LLP 401(K) PLAN, DAINES INSURANCE & FINANCIAL SERVICES, LLP

DAINES INSURANCE & FINANCIAL SERVICES, LLPEIN 75-2966965Plan #001PY 2018

5806 SUMMERFIELD DRIVE - TEXARKANA, TX 75503903-793-3034

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+2.8% from 2017

Total participants

0.0% from 2017

Average account balance

$131,154

+2.8% from 2017

Annual return

-4.74%

-19.94 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.25M

Not enough data

1 years with asset history on file

Average account balance

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

$272K

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.

153.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$282K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1889

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

1 tripped

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

$215

$18 / participant

Other / not subdivided$215100.0%

% of EOY assets

0.011%

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

$131,154

$160,059-18.1%

$140,019-6.3%

$135,380-3.1%

Participation rate

100.0%

88.5%+11.5pp

87.5%+12.5pp

82.6%+17.4pp

Annual return

-4.74%

911.48%-916.2pp

651.17%-655.9pp

519.81%-524.5pp

Employer contribution / active EE

$6,260

$6,420-2.5%

$5,605+11.7%

$4,779+31.0%

Participant deferral / active EE

$5,709

$7,641-25.3%

$6,927-17.6%

$5,609+1.8%

Admin fee / account holder

$14

$13,328-99.9%

$10,705-99.9%

$10,828-99.9%

DAINES INSURANCE & FINANCIAL SERVICES, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAINES INSURANCE & FINANCIAL SERVICES, LLP 401(K) 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