Daily Management, Inc. 401(k) Review & Grade
Daily Management 401(k) Profit Sharing Plan
Fort Lauderdale, FLReal Estate & Rental690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$836Employer $ per active participant
$1,718Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$14.5MNet plan assets, end of year
$37,612Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 15th |
| Employee saving | 20th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Daily Management put in about $836 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.66% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $576,446 |
| Participant (employee) contributions | $1,184,276 |
| Other contributions (incl. rollovers in) | $13,919 |
| Administrative expenses paid from the plan | $90,199 |
| Investment advisory & management fees | $38,849 |
| Benefits paid out | $1,537,383 |
| Net assets, start / end of year | $12.9M / $14.5M |
| Active participants, start / end of year | 739 / 640 |
| Participants with account balances | 386 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lapadula Carlson and Co |
Largest service providers (Schedule C)
| Adp, Inc. | $51,349 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $38,848 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009054435NAL0006181537001, received 2025-10-09, EIN 59-2242825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.