Dunlap & Kyle Co., Inc. 401(k) Review & Grade
The Dunlap & Kyle Co., Inc. Profit Sharing Plan and Trust
Batesville, MSWholesale Trade1,694 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,495Employer $ per active participant
$4,399Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$133.2MNet plan assets, end of year
$64,681Average balance per account
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 65th |
| Employee saving | 46th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $122,261 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dunlap & Kyle Co. put in about $1,495 per active participant, below the typical peer ($1,792). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,531,965 |
| Participant (employee) contributions | $7,451,230 |
| Other contributions (incl. rollovers in) | $756,088 |
| Administrative expenses paid from the plan | $176,393 |
| Other admin expenses | $176,393 |
| Benefits paid out | $8,579,096 |
| Net assets, start / end of year | $117.7M / $133.2M |
| Active participants, start / end of year | 1,625 / 1,763 |
| Participants with account balances | 2,060 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frazier and Deeter, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $105,143 reported compensation |
| Hardy Reed LLC | $40,000 reported compensation |
| WPB PLLC | $23,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251217154240NAL0003975089001, received 2025-12-17, EIN 64-0349856, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.