Retirement plan

DAVID DAVIS ENTERPRISE, INC. T/A DAVIS ACURA 401K PLAN

Name: DAVID DAVIS ENTERPRISE, INC. - DAVID DAVIS ENTERPRISE, INC. T/A DAVIS ACURA 401K PLAN (2020) Form 5500
Creator: DAVID DAVIS ENTERPRISE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVID DAVIS ENTERPRISE, INC. T/A DAVIS ACURA 401K PLAN, DAVID DAVIS ENTERPRISE, INC.

DAVID DAVIS ENTERPRISE, INC.EIN 23-2439385Plan #001PY 2020

2051 E LINCOLN HWY - LANGHORNE, PA 190473037215-943-7000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+20.9% from 2019

Total participants

-9.3% from 2019

Average account balance

$49,078

+24.6% from 2019

Annual return

14.27%

-2.94 pp from 2019

Benchmarks

See 9,301 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,301 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$176K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2302

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 codes2E2F2G2J2T3D

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

$35K

$1046 / participant

Other / not subdivided$35K100.0%

% of EOY assets

2.132%

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

$49,078

$65,027-24.5%

$90,970-46.1%

$79,852-38.5%

Participation rate

81.8%

61.6%+20.2pp

69.0%+12.8pp

69.6%+12.2pp

Annual return

14.27%

30.45%-16.2pp

134.58%-120.3pp

31.72%-17.4pp

Employer contribution / active EE

$1,247-100.0%

$2,122-100.0%

$2,471-100.0%

Participant deferral / active EE

$3,146

$2,512+25.3%

$3,373-6.7%

$3,740-15.9%

Admin fee / account holder

$1,046

$4,535-76.9%

$5,960-82.4%

$5,306-80.3%

DAVID DAVIS ENTERPRISE, INC. T/A DAVIS ACURA 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVID DAVIS ENTERPRISE, INC. T/A DAVIS ACURA 401K 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