Retirement plan

DAKOTA SPECIALTY ENTERPRISES RETIREMENT PLAN

Name: DAKOTA SPECIALTY ENTERPRISES - DAKOTA SPECIALTY ENTERPRISES RETIREMENT PLAN (2020) Form 5500
Creator: DAKOTA SPECIALTY ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAKOTA SPECIALTY ENTERPRISES RETIREMENT PLAN, DAKOTA SPECIALTY ENTERPRISES

DAKOTA SPECIALTY ENTERPRISESEIN 81-0953937Plan #001PY 2020

4014 15TH AVE. NW - FARGO, ND 581022833701-365-0249

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.8M

+11.8% from 2019

Total participants

201

+9.8% from 2019

Average account balance

$165,352

+4.9% from 2019

Annual return

14.30%

-3.77 pp from 2019

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.68M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

223

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

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

+9.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
THE DOTY GROUP3 years Service code 10 1102 BROADWAY · TACOMA, WA 98402	Accounting	$14,300
T ROWE PRICE RPS INC4+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$390

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$106 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THE DOTY GROUP, P.S.
Auditor EIN: 205018267
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,352

$54,590+202.9%

$81,716+102.3%

$73,493+125.0%

Participation rate

84.9%

68.3%+16.6pp

72.0%+12.9pp

70.7%+14.2pp

Annual return

14.30%

17.74%-3.4pp

29.49%-15.2pp

28.51%-14.2pp

Employer contribution / active EE

$2,149

$1,636+31.4%

$4,310-50.1%

$2,270-5.3%

Participant deferral / active EE

$3,510

$2,759+27.2%

$7,108-50.6%

$3,740-6.1%

Admin fee / account holder

$82

$592-86.2%

$5,159-98.4%

$513-84.1%

Provider

Service type

Compensation

THE DOTY GROUP3 years

Service code 10

1102 BROADWAY · TACOMA, WA 98402

Accounting

$14,300

T ROWE PRICE RPS INC4+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$390

DAKOTA SPECIALTY ENTERPRISES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAKOTA SPECIALTY ENTERPRISES 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