Danos, LLC 401(k) Review & Grade
Danos, LLC 401(k) Retirement Plan
Gray, LAManufacturing2,224 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$386Employer $ per active participant
$3,065Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$59.9MNet plan assets, end of year
$50,728Average balance per account
Score breakdown
- Employer generosity2.6 / 505th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 39th |
| Employee saving | 24th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,161 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Danos put in about $386 per active participant, below the typical peer ($2,320). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $858,481 |
| Participant (employee) contributions | $6,815,650 |
| Other contributions (incl. rollovers in) | $1,962,793 |
| Administrative expenses paid from the plan | $181,321 |
| Investment advisory & management fees | $59,157 |
| Benefits paid out | $8,897,878 |
| Net assets, start / end of year | $57.1M / $59.9M |
| Active participants, start / end of year | 2,478 / 1,969 |
| Participants with account balances | 1,181 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wegmann Dazet |
Largest service providers (Schedule C)
| Hassell Wealth Management, LLC | $162,240 reported compensation |
| Adp, Inc. | $97,828 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020081054NAL0000541633001, received 2025-10-20, EIN 72-0537224, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.