Plan Ledger DOL Form 5500 · updated monthly

Daktronics, Inc.401(k) + ESOP (KSOP)

DAKTRONICS, INC. 401(K) PLAN · BROOKINGS, SD · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Daktronics, Inc. reported $261,131 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $1,528 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 fell from 0.14% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 5th-largest of 233 plans among South Dakota employers on file, and the 955th of 13,661 in manufacturing. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$262,458,408
Participants with balances2,035
Active participants2,305
Employer contributions$3,523,022
Employee contributions$11,453,404
Employer contribution per active participant$1,528
Average account balance$128,972
Benefits paid to participants$15,012,538
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$262.5M · 2,035 accts · $3.5M emplr
2023$235.3M · 1,985 accts · $3.2M emplr
2022$189.3M · 1,948 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$199,453
Investment management$15,664
Audit (IQPA)$46,014
Total administrative$261,131
The Daktronics, Inc. 401(k) match · 2024
Employer contribution per active participant$1,528
Median for plans this size$3,635
2024$1,528 per active participant
2023$1,347 per active participant
2022$1,322 per active participant

Daktronics, Inc.'s 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$215,117
DELOITTE AND TOUCHE LLP · Accounting / audit$46,014
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024Principal
2023Principal

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

Administrative cost history3
2024$261,131 · 0.10%
2023$252,327 · 0.12%
2022$254,474 · 0.14%
Same employer
Similar plansManufacturing · South Dakota
Poet Biorefining LLC SD$265.7M · 0.10%
Onto Innovation, Inc. NJ$263.7M · 0.00%
Signode Industrial Group LLC FL$263.1M · 0.10%
Unifrax I LLC NY$262.6M · 0.05%
Griffith Foods Group, Inc. IL$261.5M · 0.07%
Tronox Incorporated CT$261.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460306862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.