Retirement plan

DANVILLE COPY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: DANVILLE COPY SYSTEMS, INC. DBA DTI OFFICE SOLUTIONS - DANVILLE COPY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: DANVILLE COPY SYSTEMS, INC. DBA DTI OFFICE SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANVILLE COPY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, DANVILLE COPY SYSTEMS, INC. DBA DTI OFFICE SOLUTIONS

DANVILLE COPY SYSTEMS, INC. DBA DTI OFFICE SOLUTIONSEIN 37-1131440Plan #001PY 2020

P. O. BOX 600 - DANVILLE, IL 61834217-431-2967

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$625K

-9.3% from 2019

Total participants

0.0% from 2019

Average account balance

$89,244

-9.3% from 2019

Annual return

-11.17%

-12.06 pp from 2019

Benchmarks

See 18,871 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,871 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$924K

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+2.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39426

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 codes2E2F2J2T3D

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).
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

3 tripped

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$19K

$2659 / participant

Other / not subdivided$19K100.0%

% of EOY assets

2.979%

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

$89,244

$112,935-21.0%

$90,970-1.9%

$158,966-43.9%

Participation rate

85.7%

74.7%+11.0pp

69.0%+16.7pp

82.0%+3.8pp

Annual return

-11.17%

215.79%-227.0pp

134.58%-145.8pp

302.95%-314.1pp

Employer contribution / active EE

$1,979

$2,895-31.6%

$2,122-6.8%

$4,762-58.5%

Participant deferral / active EE

$2,542

$4,129-38.4%

$3,373-24.7%

$5,983-57.5%

Admin fee / account holder

$2,659

$8,045-67.0%

$5,960-55.4%

$11,250-76.4%

DANVILLE COPY SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANVILLE COPY SYSTEMS, INC. 401(K) PROFIT SHARING 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