Retirement plan

DAVIS CONSTRUCTION, INC. 401(K) PLAN

Name: DAVIS CONSTRUCTION, INC. - DAVIS CONSTRUCTION, INC. 401(K) PLAN (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.3M

-7.3% from 2017

Total participants

227

+24.7% from 2017

Average account balance

$50,647

-21.0% from 2017

Annual return

-3.54%

-15.00 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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 6 by compensation

Provider	Service type	Compensation
GRADIENT SECURITIES LLC4+ years Service code 55 4570 CHURCHILL ST · SHOREVIEW, MN 55126	Other Commissions	$74,776
EPIC RETIREMENT PLAN SERVICES4+ years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13 3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512	Contract Administrator	$18,726
LAYTON & RICHARDSON, P.C.2 years Filed as: LAYTON & RICHARDSON PC Service code 10 · EIN 38-2024865 1000 COOLIDGE RD · EAST LANSING, MI 48823	Accounting	$8,100
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,631
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,925
LOWE LAW FIRM PC2 years Service code 29 · EIN 20-4041685 PO BOX 27008 · LANSING, MI 48909	Legal	$975

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$19K

$110 / participant

Contract admin$19K100.0%

% of EOY assets

0.200%

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: CLARK SCHAEFER HACKETT & CO
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,647

$55,449-8.7%

$83,830-39.6%

$56,287-10.0%

Participation rate

74.0%

68.0%+6.0pp

76.1%-2.2pp

69.9%+4.1pp

Annual return

-3.54%

-1.38%-2.2pp

850.97%-854.5pp

-9.96%+6.4pp

Employer contribution / active EE

$8,560

$2,430+252.2%

$3,631+135.7%

$2,111+305.5%

Participant deferral / active EE

$1,845

$2,935-37.2%

$4,082-54.8%

$3,350-44.9%

Admin fee / account holder

$102

$656-84.5%

$5,479-98.1%

$521-80.5%

Provider

Service type

Compensation

GRADIENT SECURITIES LLC4+ years

Service code 55

4570 CHURCHILL ST · SHOREVIEW, MN 55126

Other Commissions

$74,776

EPIC RETIREMENT PLAN SERVICES4+ years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512

Contract Administrator

$18,726

LAYTON & RICHARDSON, P.C.2 years

Filed as: LAYTON & RICHARDSON PC

Service code 10 · EIN 38-2024865

1000 COOLIDGE RD · EAST LANSING, MI 48823

Accounting

$8,100

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,631

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,925

LOWE LAW FIRM PC2 years

Service code 29 · EIN 20-4041685

PO BOX 27008 · LANSING, MI 48909

Legal

$975

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