Overview

Plan Rating

BrightScope Rating
35
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (21)
Average in Peer Group (61)
Highest in Peer Group (86)

Plan Description

Dakota Tube, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 35. Dakota Tube, Inc. 401k Plan currently has over 100 active participants and over $1.1M in plan assets.

Did you know?

For the average 401k participant, the 51 point difference between this plan's BrightScope Rating (35) and the top rated plan (86) could equate to:
24
Additional years of work
323,172
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 9/30/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 221 Airport Dr.
  • Location
    Watertown , SD
  • 57201-5604
  • Industry
    Manufacturing
  • Administrator
    Patricia Eachen
  • Net Plan Assets
    $1,140,000
  • Total Participants
    170
  • Avg Account Balance
    $26,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

Participation Rate:
Poor
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Design

Total Plan Cost:
Highest
Company Generosity:
Below Avg.

Performance

Participation Rate:
Poor
Salary Deferrals:
Below Avg.
Account Balance:
Average
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Investments

Investment Menu Stats

# of Investment Options

20

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Principal Financial Group LifeTime 76%
N/A
Principal Government & High Quality Bond 9%
N/A
Principal Large Cap Value III 2%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Principal Financial Group
Insurance Advisor/Broker
Scott M. Munger
Administration
Principal Financial Group
Recordkeeper
Principal Financial Group
Auditor
McGladrey Wealth Management LLC

Articles and Questions