Plan Ledger DOL Form 5500 · updated monthly

Dana Innovations, Inc.401(k)

DANA INNOVATIONS, INC. 401(K) PLAN · SAN CLEMENTE, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Dana Innovations, Inc. reported $43,561 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,769 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 0.23% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,447th-largest of 9,483 plans among California employers on file, and the 4,123rd of 13,661 in manufacturing. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has grown from 231 to 258 since 2022.

Plan summary
Net assets, end of year$33,881,052
Participants with balances291
Active participants258
Employer contributions$714,375
Employee contributions$2,395,440
Employer contribution per active participant$2,769
Average account balance$116,430
Benefits paid to participants$1,848,559
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.9M · 291 accts · $714K emplr
2023$26.1M · 267 accts · $649K emplr
2022$19.5M · 256 accts · $587K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,561
Total administrative$43,561
The Dana Innovations, Inc. 401(k) match · 2024
Employer contribution per active participant$2,769
Median for plans this size$2,416
2024$2,769 per active participant
2023$2,693 per active participant
2022$2,541 per active participant

Dana Innovations, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,325
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$43,561 · 0.15%
2023$32,810 · 0.14%
2022$46,469 · 0.23%
Same employer
Similar plansManufacturing · California
Heron Therapeutics, Inc. CA$34.0M · 0.15%
Moldex Metric, Inc. CA$34.0M · 0.09%
Wente Vineyards CA$33.9M · 0.43%
Careismatic Brands, Inc. CA$33.9M · 0.40%
Outset Medical, Inc. CA$33.8M · 0.25%
Zymergen Inc. CA$33.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330005938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.