Dako Resources LLC 401(k) Review & Grade
Dako Resources LLC 401(k) Profit Sharing Plan & Trust
Troy, MIProfessional, Scientific & Technical Services778 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$184Employer $ per active participant
$4,137Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$20.9MNet plan assets, end of year
$21,084Average balance per account
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 13th |
| Employee saving | 21th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,422 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dako Resources put in about $184 per active participant, below the typical peer ($3,082). 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 (0.70% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $143,317 |
| Participant (employee) contributions | $3,216,877 |
| Other contributions (incl. rollovers in) | $863,469 |
| Administrative expenses paid from the plan | $135,263 |
| Contract administrator fees | $86,060 |
| Investment advisory & management fees | $42,203 |
| Benefits paid out | $3,452,995 |
| Net assets, start / end of year | $17.6M / $20.9M |
| Active participants, start / end of year | 729 / 826 |
| Participants with account balances | 989 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Knav CPA LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Servic | $86,060 reported compensation |
| Merrill Lynch Pierce, Fenner Smith | $42,203 reported compensation |
| Knav CPA LLP | $7,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911131737NAL0000257699001, received 2025-09-11, EIN 38-3322128, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.