Plan Ledger DOL Form 5500 · updated monthly

Dako Resources LLC401(k)

DAKO RESOURCES LLC 401(K) PROFIT SHARING PLAN & TRUST · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.70%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Dako Resources LLC reported $135,263 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $174 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.63% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,005th-largest of 2,619 plans among Michigan employers on file, and the 5,402nd of 11,654 in professional & technical services. In 2024, employees put in $22.45 for every $1.00 the employer contributed; active participation has grown from 735 to 826 since 2022.

Plan summary
Net assets, end of year$20,852,345
Participants with balances989
Active participants826
Employer contributions$143,317
Employee contributions$3,216,877
Employer contribution per active participant$174
Average account balance$21,084
Benefits paid to participants$3,452,995
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 989 accts · $143K emplr
2023$17.6M · 876 accts · $265K emplr
2022$13.7M · 889 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,060
Investment management$42,203
Audit (IQPA)$7,000
Total administrative$135,263
The Dako Resources LLC 401(k) match · 2024
Employer contribution per active participant$174
Median for plans this size$2,416
2024$174 per active participant
2023$363 per active participant
2022$235 per active participant

Dako Resources LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping$86,060
MERRILL LYNCH PIERCE, FENNER SMITH · Investment advisory (plan)$42,203
KNAV CPA LLP · Accounting / audit$7,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$135,263 · 0.70%
2023$74,629 · 0.48%
2022$91,682 · 0.63%
Similar plansProfessional & Technical Services · Michigan
Gongos, LLC MI$21.2M · 0.17%
Collins Einhorn Farrell PC MI$20.9M · 0.42%
Disher Corp. MI$20.3M · 0.21%
Ducker Research N.A. LLC MI$20.0M · 0.25%
Kunz Leigh, & Associates MI$19.8M · 0.36%
Spendmend, LLC MI$19.6M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383322128 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.