Retirement plan

DAVENPORT ASSOCIATES, LTD. 401(K)PLAN FOR EMPLOYEES

Name: DAVENPORT ASSOCIATES, LTD. - DAVENPORT ASSOCIATES, LTD. 401(K)PLAN FOR EMPLOYEES (2015) Form 5500
Creator: DAVENPORT ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVENPORT ASSOCIATES, LTD. 401(K)PLAN FOR EMPLOYEES, DAVENPORT ASSOCIATES, LTD.

DAVENPORT ASSOCIATES, LTD.EIN 05-0353882Plan #001PY 2015

670 NORTH MAIN STREET - PROVIDENCE, RI 02904401-453-9300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$808K

No prior year

Total participants

No prior year

Average account balance

$15,847

No prior year

Annual return

-0.71%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$56K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

139.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$673

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2F3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$31K

$879 / participant

Other / not subdivided$31K100.0%

% of EOY assets

3.807%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,847

$75,832-79.1%

$147,617-89.3%

$59,633-73.4%

Participation rate

94.3%

71.6%+22.7pp

84.6%+9.7pp

68.7%+25.6pp

Annual return

-0.71%

0.37%-1.1pp

61.98%-62.7pp

2041.45%-2042.2pp

Employer contribution / active EE

$1,505

$3,485-56.8%

$5,564-72.9%

$2,203-31.7%

Participant deferral / active EE

$1,140

$3,131-63.6%

$4,895-76.7%

$3,192-64.3%

Admin fee / account holder

$603

$5,986-89.9%

$11,612-94.8%

$4,297-86.0%

DAVENPORT ASSOCIATES, LTD. 401(K)PLAN FOR EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVENPORT ASSOCIATES, LTD. 401(K)PLAN FOR EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion