Diversified Protection Corporation 401(k) Review & Grade
DPC Retirement Plan
Daniel Island, SCAdministrative, Support & Staffing Services828 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,061Employer $ per active participant
$338Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$9.9MNet plan assets, end of year
$12,565Average balance per account
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 31th |
| Employee saving | 14th |
| Peers that auto-enroll | 27% |
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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 ($6,814 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Diversified Protection put in about $2,061 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,706,471 |
| Participant (employee) contributions | $279,633 |
| Other contributions (incl. rollovers in) | $117,755 |
| Administrative expenses paid from the plan | $38,516 |
| Contract administrator fees | $38,516 |
| Benefits paid out | $1,458,964 |
| Net assets, start / end of year | $0 / $9.9M |
| Active participants, start / end of year | 792 / 864 |
| Participants with account balances | 786 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Jpmorgan Invest Holdings LLC | $17,517 reported compensation |
| Wealth Advisory Services LLC | $12,705 reported compensation |
| Economic Group Pension Services | $11,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014191603NAL0007224610001, received 2025-10-14, EIN 20-5742294, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.