Douglas Dynamics 401(k) match, vesting and fees
What Douglas Dynamics' 401(k) plan says about matching contributions
The Company has a Company matching percentage of 100% of contributions up to 3% of compensation, plus 50% of contributions over 3% of compensation up to 6% of compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 37 ↗ |
| Match vesting | All participant and Company contributions are 100% vested. | Audit report, p. 37 ↗ |
| Automatic enrollment | New employees that meet the requirements to participate in the Plan are automatically enrolled with a default 3% deferral rate, increasing each year until the participant reaches a 6% deferral rate (or, effective January 2, 2025, a 10% deferral rate), unless otherwise elected by the Plan participant. | Audit report, p. 37 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. | Audit report, p. 38 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Wipfli, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Douglas Dynamics: employer contribution per participant | $2,443 | |
| Peer median | $2,413 |
| Douglas Dynamics: average balance | $79,795 | |
| Peer median | $86,456 |
| Douglas Dynamics: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $141M at the end of plan year 2021 to $158M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,008 | $158M | $4.8M | $2,443 | 0.19% | Quoted in the audit report, p. 37 ↗ | Form 5500 ↗ |
| 2023 | 2,141 | $146M | $5.2M | $2,441 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 2,100 | $123M | $5.1M | $2,458 | 0.20% | Not published | Form 5500 ↗ |
| 2021 | 1,992 | $141M | $4.8M | $2,458 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Douglas Dynamics match 401(k) contributions?
The audit report attached to the Douglas Dynamics, L.L.C. 401(k) Plan's plan year 2024 Form 5500, page 37 says: “The Company has a Company matching percentage of 100% of contributions up to 3% of compensation, plus 50% of contributions over 3% of compensation up to 6% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Douglas Dynamics 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 37 says: “All participant and Company contributions are 100% vested.”
Who manages the Douglas Dynamics 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Douglas Dynamics, L.L.C.
I left Douglas Dynamics. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Douglas Dynamics, L.L.C, (414) 354-2310) or the recordkeeper, Principal Life Insurance Company. The Douglas Dynamics old 401(k) page lists the contacts from every plan filing. Find an old Douglas Dynamics 401(k)
Data from the public Form 5500 annual reports Douglas Dynamics filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Douglas Dynamics. Not financial advice. Report a correction · Methodology