Dakota Red Corporation 401(K) Profit Sharing Plan — Form 5500 plan (Dakota Red Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Dakota Red Corporation 401(K) Profit Sharing Plan is a benefit plan reported by Dakota Red Corporation under EIN 42-1304397 and plan number 001. The latest loaded filing year is 2023. The filing reports 273 participants and $31,903,612 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$31.9MPlan net assets, end of year$31,903,612
Participants273Covered participants reported
Assets / participant$116.9KComputed: assets ÷ participants$116,863 (computed)
Provider compensation$109K6 Schedule C provider row(s)$108,985
- Plan sponsor
- Dakota Red Corporation
- EIN
- 42-1304397
- Plan number
- 001
- Plan type
- 2
- Location
- Cedar Rapids, IA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 273 | H, C | 20241015090852NAL0048603584003 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$31.9M total assets
Net assets$31.9MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $31,903,612
- Net assets (EOY)
- $31,903,612
- Net assets (BOY)
- $29,999,745
Income & contributions
- Employer contributions
- $1,094,885
- Participant contributions
- $1,058,868
- Total contributions
- $2,173,733
- Total income / additions
- $6,453,580
Expenses & distributions
- Benefits paid
- $4,418,721
- Administrative expenses
- $108,984
- Total expenses
- $4,549,713
- Net increase / (decrease)
- $1,903,867
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
51%49%
Employer 51%Participant 49%
Total expenses ÷ net assets14%Computed ratio
Benefits paid ÷ total income68%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $43,771 | $0 | 2023 |
| Bank Of America Na | ADVISORY | $29,233 | not reported in the loaded dataset | 2023 |
| Bghn | AUDIT | $21,000 | not reported in the loaded dataset | 2023 |
| Envestnet Retirement Solutions LLC | ADVISORY | $8,656 | not reported in the loaded dataset | 2023 |
| Merrill Lynch Life Agency, Inc. | ADVISORY | $6,055 | not reported in the loaded dataset | 2023 |
| Transamerica Financial Life Insr Co | RECORD KEEPER | $270 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Dakota Red Corporation
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in Cedar Rapids, IA
- Transamerica Retirement Solutions — Schedule C compensation
- Bank Of America Na — Schedule C compensation
- Bghn — Schedule C compensation
- Envestnet Retirement Solutions LLC — Schedule C compensation
- Merrill Lynch Life Agency, Inc. — Schedule C compensation
- Transamerica Financial Life Insr Co — Schedule C compensation