Retirement plan

DAVIS DEFENSE GROUP, INC. 401(K)

Name: DAVIS DEFENSE GROUP, INC. - DAVIS DEFENSE GROUP, INC. 401(K) (2023) Form 5500
Creator: DAVIS DEFENSE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIS DEFENSE GROUP, INC. 401(K), DAVIS DEFENSE GROUP, INC.

DAVIS DEFENSE GROUP, INC.EIN 32-0000601Plan #001PY 2023

475 AQUIA TOWNE CENTER DRIVE, SUITE 401 - STAFFORD, VA 22554540-548-5950davisdefense.comLinkedIn501-1000 employeesdefense & space

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.7M

+27.5% from 2022

Total participants

267

-1.1% from 2022

Average account balance

$77,838

+18.6% from 2022

Annual return

18.94%

+33.89 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.70M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

247

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.

66.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.61M

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$290

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
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$29,360
JANNEY MONTGOMERY SCOTT LLC2 years Service code 27 · EIN 23-0731260	Advisory (Plan)	$27,864

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$57K

$260 / participant

Recordkeeping$29K51.3%
Investment mgmt$28K48.7%

% of EOY assets

0.342%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,838

$91,439-14.9%

$135,974-42.8%

$71,511+8.8%

Participation rate

76.4%

75.7%+0.7pp

81.9%-5.6pp

67.9%+8.4pp

Annual return

18.94%

29.90%-11.0pp

68.30%-49.4pp

28.86%-9.9pp

Employer contribution / active EE

$2,870

$3,705-22.5%

$4,859-40.9%

$2,589+10.9%

Participant deferral / active EE

$7,610

$7,093+7.3%

$7,760-1.9%

$4,291+77.4%

Admin fee / account holder

$266

$1,267-79.0%

$10,767-97.5%

$1,588-83.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$29,360

JANNEY MONTGOMERY SCOTT LLC2 years

Service code 27 · EIN 23-0731260

Advisory (Plan)

$27,864

DAVIS DEFENSE GROUP, INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIS DEFENSE GROUP, INC. 401(K)

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