Dual North America, Inc. 401(k) Review & Grade
Dual North America, Inc. 401(k) Profit Sharing Plan
Naples, FLFinance & Insurance670 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,576Employer $ per active participant
$9,287Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$63.1MNet plan assets, end of year
$88,795Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 60th |
| Employee saving | 71th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,610,993 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,634 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dual North America put in about $4,576 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,063,822 |
| Participant (employee) contributions | $6,217,965 |
| Other contributions (incl. rollovers in) | $2,707,852 |
| Administrative expenses paid from the plan | $93,850 |
| Contract administrator fees | $51,236 |
| Investment advisory & management fees | $26,536 |
| Other admin expenses | $16,078 |
| Benefits paid out | $6,457,756 |
| Net assets, start / end of year | $51.0M / $63.1M |
| Active participants, start / end of year | 645 / 694 |
| Participants with account balances | 711 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $51,236 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $42,646 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260526185040NAL0005974721001, received 2026-05-26, EIN 46-4468812, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.