Plan Ledger DOL Form 5500 · updated monthly

Dfk Management, Inc.401(k)

DFK MANAGEMENT, INC. 401K PLAN · MOUNT AIRY, MD · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Dfk Management, Inc. reported $98,097 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $615 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 0.12% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Maryland (845th of 1,671), and the 2,090th of 5,215 in retail trade. In 2024, employees put in $6.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,304,082
Participants with balances202
Active participants254
Employer contributions$156,084
Employee contributions$1,039,228
Employer contribution per active participant$615
Average account balance$65,862
Benefits paid to participants$981,623
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 202 accts · $156K emplr
2023$11.7M · 202 accts · $154K emplr
2022$10.4M · 210 accts · $165K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,730
Investment management$28,367
Total administrative$98,097
The Dfk Management, Inc. 401(k) match · 2024
Employer contribution per active participant$615
Median for plans this size$2,416
2024$615 per active participant
2023$636 per active participant
2022$709 per active participant

Dfk Management, Inc.'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 · 20242
JOHN HANCOCK LIFE INSURANCE · Recordkeeping · Investment management$2,050
WEALTH ENHANCEMENT ADVISORY · Investment advisory (participants)$28,367

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$98,097 · 0.78%
2023$92,073 · 0.83%
2022$13,549 · 0.12%
Similar plansRetail Trade · Maryland
Bayside Auto Group MD$14.3M · 0.44%
Eastland Food Corporation MD$13.7M · 0.13%
Mattress Warehouse LLC MD$12.2M · 0.10%
Bray & Scarff, Inc. MD$11.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521586981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.