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 (2020) 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 2020

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

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5.1M

+24.2% from 2019

Total participants

103

-6.4% from 2019

Average account balance

$52,310

+29.3% from 2019

Annual return

10.51%

+0.56 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$342K

$3318 / participant

Other / not subdivided$342K100.0%

% of EOY assets

6.667%

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

$52,310

$69,383-24.6%

$101,271-48.3%

$73,493-28.8%

Participation rate

95.1%

68.4%+26.8pp

75.8%+19.3pp

70.7%+24.5pp

Annual return

10.51%

18.46%-8.0pp

46.48%-36.0pp

28.51%-18.0pp

Employer contribution / active EE

$7,757

$2,628+195.1%

$3,660+111.9%

$2,270+241.7%

Participant deferral / active EE

$1,051

$3,301-68.2%

$4,371-76.0%

$3,740-71.9%

Admin fee / account holder

$3,488

$704+395.6%

$5,948-41.4%

$513+579.8%

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