# Dakota Red Corporation 401(k) Plan
Source: https://planprovider.pro/companies/dakota-red-corporation-401k-plan

> Dakota Red Corporation's 401(k) plan: 164 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Dakota Red Corporation

- **Sponsor EIN:** 421304397

- **Sponsor Address:** 650 12TH AVENUE SW, CEDAR RAPIDS, IA, 52404

- **Plan Type:** 401(k)

- **Total Participants:** 164

- **Total Assets:** $32.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|164|$32.0M|$1.2M|$1.1M|

| 2023|178|$31.9M|$1.1M|$1.1M|

| 2022|186|$30.0M|$1.0M|$1.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| BGHN ASSOCIATES PC|Auditor|$10,000|—|$10,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BGHN ASSOCIATES PC](https://planprovider.pro/provider/bghn-associates-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $10,000

- **Estimated Expense Ratio:** 0.031% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$140,176|$80,359|—|$10,000|—|

| 2023|$108,984|$43,943|—|$21,000|—|

| 2022|$92,654|$87,350|—|—|—|

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