Plan Ledger DOL Form 5500 · updated monthly

Dual North America, Inc.401(k)

DUAL NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN AND TRUST · NAPLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Dual North America, Inc. reported $93,850 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $4,415 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 0.51% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 449th-largest of 3,644 plans among Florida employers on file, and the 1,402nd of 4,798 in finance & insurance. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 151 to 694 since 2022.

Plan summary
Net assets, end of year$63,133,540
Participants with balances711
Active participants694
Employer contributions$3,063,822
Employee contributions$6,217,965
Employer contribution per active participant$4,415
Average account balance$88,795
Benefits paid to participants$6,457,756
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.1M · 711 accts · $3.1M emplr
2023$51.0M · 639 accts · $2.4M emplr
2022$14.2M · 162 accts · $692K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,236
Investment management$26,536
Total administrative$93,850
The Dual North America, Inc. 401(k) match · 2024
Employer contribution per active participant$4,415
Median for plans this size$3,635
2024$4,415 per active participant
2023$3,662 per active participant
2022$4,583 per active participant

Dual North America, Inc.'s 2024 employer contribution ran above the $3,635 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$51,236
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$42,614

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$93,850 · 0.16%
2023$59,645 · 0.18%
2022$74,039 · 0.51%
Same employer
Similar plansFinance & Insurance · Florida
Arbitration Forums, Inc. FL$68.8M · 0.03%
Fmsbonds, Inc. FL$63.4M · 0.00%
Gte Federal Credit Union FL$61.3M · 0.55%
Banco Itau International FL$61.1M · 0.04%
Planet Home Lending, LLC FL$57.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464468812 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.