Retirement plan

SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF DISABLED AMERICAN VETERANS

Name: DISABLED AMERICAN VETERANS - SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF DISABLED AMERICAN VETERANS (2016) Form 5500
Creator: DISABLED AMERICAN VETERANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF DISABLED AMERICAN VETERANS, DISABLED AMERICAN VETERANS

DISABLED AMERICAN VETERANSEIN 31-0263158Plan #002PY 2016

3725 ALEXANDRIA PIKE - COLD SPRING, KY 41076859-441-7300davauxiliary.orgLinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#001Retirement-$55.5M assets

Prospect flagsHigh feesLow participationHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$49.4M

+7.3% from 2015

Total participants

735

+1.4% from 2015

Average account balance

$457,162

-18.6% from 2015

Annual return

9.03%

+10.02 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77.04M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

749

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 1 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE2+ years Filed as: FIFTH THIRD BANK RETIREMENT SVCS Service code 27 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Advisory (Plan)	$108,864

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3C

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$109K

$174 / participant

Contract admin$109K99.8%
Other / not subdivided$1800.2%

% of EOY assets

0.221%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$457,162

$39,859+1046.9%

$78,676+481.1%

$57,658+692.9%

Participation rate

0.0%

66.1%-66.1pp

73.6%-73.6pp

70.2%-70.2pp

Annual return

9.03%

18.96%-9.9pp

62.19%-53.2pp

5.13%+3.9pp

Employer contribution / active EE

$4,105

$1,786+129.9%

$2,850+44.0%

$1,974+108.0%

Participant deferral / active EE

$3,691

$2,248+64.2%

$3,517+5.0%

$3,061+20.6%

Admin fee / account holder

$1,010

$76+1225.2%

$4,510-77.6%

$95+968.1%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE2+ years

Filed as: FIFTH THIRD BANK RETIREMENT SVCS

Service code 27

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Advisory (Plan)

$108,864

SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF DISABLED AMERICAN VETERANS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS & INVESTMENT PLAN FOR EMPLOYEES OF DISABLED AMERICAN VETERANS

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