Daktronics, Inc. 401(k) Review & Grade
Daktronics, Inc. 401(k) Plan
Brookings, SDManufacturing2,337 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,507Employer $ per active participant
$4,901Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$262.5MNet plan assets, end of year
$128,972Average balance per account
Score breakdown
- Employer generosity15.5 / 5031th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 73th |
| Employee saving | 49th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Daktronics put in about $1,507 per active participant, below the typical peer ($2,320). 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.
- 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 | $3,523,022 |
| Participant (employee) contributions | $11,453,404 |
| Other contributions (incl. rollovers in) | $430,699 |
| Administrative expenses paid from the plan | $261,131 |
| Contract administrator fees | $199,453 |
| Investment advisory & management fees | $15,664 |
| Benefits paid out | $15,012,538 |
| Net assets, start / end of year | $235.3M / $262.5M |
| Active participants, start / end of year | 2,369 / 2,305 |
| Participants with account balances | 2,035 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $22,219,583 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $215,117 reported compensation |
| Deloitte and Touche LLP | $46,038 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006133037NAL0006158336001, received 2025-10-06, EIN 46-0306862, plan #002, plan year 2024-05-01 to 2025-04-30. Verify at efast.dol.gov.