Retirement plan

DAVIS CONSTRUCTION, INC. 401(K) PLAN

Name: DAVIS CONSTRUCTION, INC. - DAVIS CONSTRUCTION, INC. 401(K) PLAN (2024) Form 5500
Creator: DAVIS CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIS CONSTRUCTION, INC. 401(K) PLAN, DAVIS CONSTRUCTION, INC.

DAVIS CONSTRUCTION, INC.EIN 38-1912617Plan #003PY 2024

5236 DUMOND CT., SUITE A - LANSING, MI 48917517-322-3800davisconstruction.netLinkedIn201-500 employeesconstruction

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.7M

+9.3% from 2023

Total participants

124

-5.3% from 2023

Average account balance

$71,623

-0.7% from 2023

Annual return

14.34%

+0.28 pp from 2023

Benchmarks

See 18,533 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,533 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.67M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

121

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$379K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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 5 by compensation

Provider	Service type	Compensation
GRADIENT SECURITIES LLC10+ years Service code 55 4570 CHURCHILL ST · SHOREVIEW, MN 55126	Other Commissions	$19,772
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,884
EPIC RETIREMENT PLAN SERVICES10+ years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13 3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512	Contract Administrator	$8,350
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,436
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA INVESTMENT ADVISERS LLC Service code 27 200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245	Advisory (Plan)	$2,140

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$32K

$382 / participant

Trustee / custodial$31K96.0%
Contract admin$1K4.0%

% of EOY assets

0.370%

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: MANER COSTERISAN PC
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,623

$81,487-12.1%

$102,412-30.1%

$80,935-11.5%

Participation rate

96.4%

66.8%+29.6pp

74.5%+21.9pp

67.7%+28.8pp

Annual return

14.34%

25.60%-11.3pp

24.94%-10.6pp

35.66%-21.3pp

Employer contribution / active EE

$1,945

$3,103-37.3%

$3,870-49.7%

$2,757-29.4%

Participant deferral / active EE

$2,563

$3,871-33.8%

$5,060-49.4%

$4,299-40.4%

Admin fee / account holder

$265

$6,717-96.1%

$8,388-96.8%

$6,924-96.2%

Provider

Service type

Compensation

GRADIENT SECURITIES LLC10+ years

Service code 55

4570 CHURCHILL ST · SHOREVIEW, MN 55126

Other Commissions

$19,772

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,884

EPIC RETIREMENT PLAN SERVICES10+ years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512

Contract Administrator

$8,350

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,436

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA INVESTMENT ADVISERS LLC

Service code 27

200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245

Advisory (Plan)

$2,140

DAVIS CONSTRUCTION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIS CONSTRUCTION, 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