Retirement plan

M. DAVIS MANAGEMENT CO. INC. 401(K) PLAN

Name: M. DAVIS MANAGEMENT CO. INC. - M. DAVIS MANAGEMENT CO. INC. 401(K) PLAN (2022) Form 5500
Creator: M. DAVIS MANAGEMENT CO. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M. DAVIS MANAGEMENT CO. INC. 401(K) PLAN, M. DAVIS MANAGEMENT CO. INC.

M. DAVIS MANAGEMENT CO. INC.EIN 37-1380504Plan #001PY 2022

401 W. SPRESSER STREET - TAYLORVILLE, IL 62568217-824-4978

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

+7.6% from 2021

Total participants

150

-34.8% from 2021

Average account balance

$33,683

+0.2% from 2021

Annual return

5.80%

-9.06 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.54M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

43.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33169

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

Top 3 by compensation

Provider	Service type	Compensation
EDWARD JONES1 year Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$9,198
AMERICAN FUNDS8+ years Filed as: CAPITAL BANK AND TRUST Service code 64 · EIN 95-6817943	Recordkeeping Fees	$988
SETH SIEGEL1 year Service code 13 110 ARROWHEAD DRIVE · SLIPPERY ROCK, PA 16057	Contract Administrator	$907

Plan features & details

Pension benefit codes2F2J2T3D3H

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$2K

$16 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

0 / 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: STELMACK, DOBRANSKY & EANNACE, LLC
Auditor EIN: 251900686
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,683

$26,549+26.9%

$61,452-45.2%

$66,938-49.7%

Participation rate

47.1%

38.1%+9.0pp

52.6%-5.5pp

69.8%-22.8pp

Annual return

5.80%

-16.21%+22.0pp

338.96%-333.2pp

1.58%+4.2pp

Employer contribution / active EE

$732

$651+12.4%

$1,160-36.9%

$2,545-71.2%

Participant deferral / active EE

$1,363

$1,338+1.8%

$2,125-35.8%

$4,238-67.8%

Admin fee / account holder

$22

$409-94.7%

$2,131-99.0%

$594-96.3%

Provider

Service type

Compensation

EDWARD JONES1 year

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$9,198

AMERICAN FUNDS8+ years

Filed as: CAPITAL BANK AND TRUST

Service code 64 · EIN 95-6817943

Recordkeeping Fees

$988

SETH SIEGEL1 year

Service code 13

110 ARROWHEAD DRIVE · SLIPPERY ROCK, PA 16057

Contract Administrator

$907

M. DAVIS MANAGEMENT CO. INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M. DAVIS MANAGEMENT CO. INC. 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