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Original filing (PDF)20251007083408NAL0004317729001
DRAKE ENTERPRISES, LTD
Form 5500
FILING_RECEIVED
DRAKE ENTERPRISES, LTD 401(K) PLAN
401(k) retirement plan
Signals · 2
26% in single holdingNo recordkeeper disclosed
Active participants
105
Accounts w/ balance
174
Plan assets (EOY)
$9.4M
Net assets (EOY)
$9.4M
How this plan invests
This plan
13 pooled trusts
Schedule D
26 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
87
Total plan cost
100
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Principal Life Insurance Company Guaranteed Investment Contract" is 26% of plan.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for DRAKE ENTERPRISES, LTD.
Plan sponsor
Name
DRAKE ENTERPRISES, LTD
EIN
56-1494243
Address
213 FRANKLIN PLAZA DR · FRANKLIN, NC · 287343207
Phone
(828) 306-5700
Industry
Custom Computer Programming· Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-07
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2S · Automatic enrollment
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
ELLIOTT DAVIS
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILSHIRE ADVISORS LLC | 95-2755361 | — | INVESTMENT ADVISORY | $0 | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $48K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL SECURITIES INC | 42-0941553 | — | OTHER SERVICES | $0 | — |
Investments
18 direct securities · 13 pooled funds· $9.4M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$7.4M
18 holdings
Pooled Separate Account
$1.4M
5 holdings
Common Collective Trust
$603K
8 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Principal Life Insurance Company Guaranteed Investment Contract | — | — | — | $2.5M | 26.4% | |
| PRIN LARGECAP GROWTH I SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 066 | Pooled Separate Account | — | — | $831K | 8.8% | |
| Dimensional Fund Advisors DFA US Large Cap Value I Fund | — | — | — | $760K | 8.1% | |
| Fidelity Management and Research Fidelity 500 Index Fund | — | — | — | $690K | 7.3% | |
| PGIM Investments, LLC PGIM High Yield R6 Fund | — | — | — | $476K | 5.1% | |
| Fidelity Management and Research Fidelity US Bond Index Fund | — | — | — | $468K | 5.0% | |
| PGIM Investments, LLC PGIM Total Return Bond R6 Fund | — | — | — | $464K | 4.9% | |
| Capital Research and Management Company American Funds Capital World Bond R6 Fund | — | — | — | $454K | 4.8% | |
| Dimensional Fund Advisors DFA US Targeted Value I Fund | — | — | — | $376K | 4.0% | |
| PRIN SMCAP S&P 600 INDEX SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 028 | Pooled Separate Account | — | — | $284K | 3.0% | |
| PRIN LIFETIME HYBR 2055 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 010 | Common Collective Trust | — | — | $278K | 2.9% | |
| Capital Research and Management Company American Funds Europacific Growth Fund | — | — | — | $275K | 2.9% | |
| Fidelity Management and Research Fidelity Total International Index Fund | — | — | — | $269K | 2.9% | |
| Capital Research and Management Company American Funds New World R6 Fund | — | — | — | $262K | 2.8% | |
| T. Rowe Price Associates, Inc. Integrated U.S. Small-Cap Growth Equity Fund | — | — | — | $260K | 2.8% | |
| PRINCIPAL OVERSEAS SEP ACCT-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 116 | Pooled Separate Account | — | — | $248K | 2.6% | |
| PRIN LIFETIME HYBR INC CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 011 | Common Collective Trust | — | — | $158K | 1.7% | |
| Notes receivable from participants 4.25% - 9.50% | — | — | — | $153K | 1.6% | |
| PRIN LIFETIME HYBR 2045 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 008 | Common Collective Trust | — | — | $97K | 1.0% | |
| PRIN LIFETIME HYBR 2030 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 005 | Common Collective Trust | — | — | $71K | 0.8% | |
| PRIN MIDCAP S&P 400 IDX SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 023 | Pooled Separate Account | — | — | $22K | 0.2% | |
| Vanguard Group Vanguard Explorer Admiral Fund | — | — | — | $18K | 0.2% | |
| Capital Research and Management Company American Funds AMCAP Fund Class A | — | — | — | $8K | <0.1% | |
| Principal Life Insurance Company Global Real Estate Securities Separate Account | — | — | — | $8K | <0.1% | |
| PRIN GL REAL EST SEC SA-Z PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 136 | Pooled Separate Account | — | — | $8K | <0.1% | |
| Fidelity Management and Research Fidelity Small Cap Index Fund | — | — | — | $5K | <0.1% | |
| Fidelity Management and Research Fidelity Inflation-Protected Bond Index Fund | — | — | — | $3K | <0.1% | |
| PRIN LIFETIME HYBR 2050 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 009 | Common Collective Trust | — | — | $0 | <0.1% | |
| PRIN LIFETIME HYBR 2065 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 013 | Common Collective Trust | — | — | $0 | <0.1% | |
| PRIN LIFETIME HYBR 2015 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 002 | Common Collective Trust | — | — | $0 | <0.1% | |
| PRIN LIFETIME HYBR 2035 CIT Z PRINCIPAL GLOBAL INVESTORS TRUST CO · EIN 26-6447574 / PN 006 | Common Collective Trust | — | — | $0 | <0.1% |
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