Retirement plan

THE DAVIS COMPANIES 401(K) PLAN

Name: DAVIS MANAGEMENT COMPANY, LLC - THE DAVIS COMPANIES 401(K) PLAN (2024) Form 5500
Creator: DAVIS MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DAVIS COMPANIES 401(K) PLAN, DAVIS MANAGEMENT COMPANY, LLC

DAVIS MANAGEMENT COMPANY, LLCEIN 26-2592013Plan #001PY 2024

125 HIGH STREET, 21ST FLOOR - BOSTON, MA 02110617-451-1300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$29.4M

+9.5% from 2023

Total participants

148

-2.6% from 2023

Average account balance

$220,717

+13.6% from 2023

Annual return

13.97%

-4.45 pp from 2023

Benchmarks

See 1,092 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.36M

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

133

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+13.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$695

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$56,489
THE ANGELL PENSION GROUP, INC.3 years Service code 49 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Other Services	$9,806

Plan features & details

Pension benefit codes2E2G2J3D2T3H2F

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

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

$93K

$856 / participant

Contract admin$91K98.7%
Other / not subdivided$1K1.3%

% of EOY assets

0.315%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,717

$73,459+200.5%

$178,528+23.6%

$74,429+196.5%

Participation rate

86.1%

66.5%+19.6pp

77.1%+9.0pp

67.2%+18.9pp

Annual return

13.97%

17.50%-3.5pp

27.11%-13.1pp

1368.38%-1354.4pp

Employer contribution / active EE

$8,367

$2,219+277.0%

$3,950+111.8%

$2,625+218.8%

Participant deferral / active EE

$15,613

$4,515+245.8%

$6,278+148.7%

$4,348+259.1%

Admin fee / account holder

$695

$1,812-61.6%

$10,419-93.3%

$1,944-64.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$56,489

THE ANGELL PENSION GROUP, INC.3 years

Service code 49

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Other Services

$9,806

THE DAVIS COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DAVIS COMPANIES 401(K) 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