Retirement plan

VACRI & R. DEVINCENTIS CONSTRUCTION COMPANIES PWR 401(K)RETIREMENT PLAN

Name: R. DEVINCENTIS CONSTRUCTION, INC. - VACRI & R. DEVINCENTIS CONSTRUCTION COMPANIES PWR 401(K)RETIREMENT PLAN (2024) Form 5500
Creator: R. DEVINCENTIS CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VACRI & R. DEVINCENTIS CONSTRUCTION COMPANIES PWR 401(K)RETIREMENT PLAN, R. DEVINCENTIS CONSTRUCTION, INC.

R. DEVINCENTIS CONSTRUCTION, INC.EIN 16-0958875Plan #001PY 2024

ONE BRICK AVENUE - BINGHAMTON, NY 13901607-723-4319

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.4M

+21.9% from 2023

Total participants

134

+13.6% from 2023

Average account balance

$81,979

+13.3% from 2023

Annual return

7.18%

-0.98 pp from 2023

Benchmarks

See 3,444 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,444 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.41M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

127

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.

100.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+7.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7771

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 codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$987K

$7833 / participant

Other / not subdivided$987K100.0%

% of EOY assets

9.479%

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

$81,979

$80,781+1.5%

$102,437-20.0%

$74,478+10.1%

Participation rate

94.4%

65.7%+28.8pp

74.5%+19.9pp

67.2%+27.2pp

Annual return

7.18%

27.58%-20.4pp

24.95%-17.8pp

1370.56%-1363.4pp

Employer contribution / active EE

$1,899

$3,160-39.9%

$3,871-50.9%

$2,626-27.7%

Participant deferral / active EE

$15,544

$3,862+302.5%

$5,060+207.2%

$4,350+257.3%

Admin fee / account holder

$7,771

$2,372+227.6%

$8,388-7.4%

$1,946+299.4%

VACRI & R. DEVINCENTIS CONSTRUCTION COMPANIES PWR 401(K)RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VACRI & R. DEVINCENTIS CONSTRUCTION COMPANIES PWR 401(K)RETIREMENT PLAN

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