Retirement plan

DAVIS CONSTRUCTION, INC. 401(K) PLAN

Name: DAVIS CONSTRUCTION, INC. - DAVIS CONSTRUCTION, INC. 401(K) PLAN (2019) 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 2019

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.8M

+5.9% from 2018

Total participants

214

-5.7% from 2018

Average account balance

$56,726

+12.0% from 2018

Annual return

16.41%

+19.94 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
GRADIENT SECURITIES LLC5+ years Service code 55 4570 CHURCHILL ST · SHOREVIEW, MN 55126	Other Commissions	$35,828
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13 3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512	Contract Administrator	$11,607
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,323
CLARK, SCHAEFER, HACKETT & CO.1 year Filed as: CLARK SCHAEFER HACKETT & CO Service code 10 · EIN 31-0800053 10100 INNOVATION DRIVE · DAYTON, OH 48823	Accounting	$8,250
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,950
LOWE LAW FIRM PC3 years Service code 29 · EIN 20-4041685 PO BOX 27008 · LANSING, MI 48909	Legal	$1,176
DAVID ROMANO1 year Filed as: DAVID CHAPMAN AGENCY Service code 99 PO BOX 20186 · LANSING, MI 48901	Other Fees	$348

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$125 / participant

Contract admin$20K100.0%

% of EOY assets

0.203%

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

$56,726

$63,114-10.1%

$92,903-38.9%

$65,185-13.0%

Participation rate

74.4%

68.8%+5.6pp

76.0%-1.6pp

70.2%+4.2pp

Annual return

16.41%

28.75%-12.3pp

109.43%-93.0pp

29.38%-13.0pp

Employer contribution / active EE

$7,709

$2,571+199.9%

$3,653+111.0%

$2,177+254.2%

Participant deferral / active EE

$3,489

$3,108+12.2%

$4,238-17.7%

$3,514-0.7%

Admin fee / account holder

$115

$624-81.5%

$5,795-98.0%

$847-86.4%

Provider

Service type

Compensation

GRADIENT SECURITIES LLC5+ years

Service code 55

4570 CHURCHILL ST · SHOREVIEW, MN 55126

Other Commissions

$35,828

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512

Contract Administrator

$11,607

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,323

CLARK, SCHAEFER, HACKETT & CO.1 year

Filed as: CLARK SCHAEFER HACKETT & CO

Service code 10 · EIN 31-0800053

10100 INNOVATION DRIVE · DAYTON, OH 48823

Accounting

$8,250

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,950

LOWE LAW FIRM PC3 years

Service code 29 · EIN 20-4041685

PO BOX 27008 · LANSING, MI 48909

Legal

$1,176

DAVID ROMANO1 year

Filed as: DAVID CHAPMAN AGENCY

Service code 99

PO BOX 20186 · LANSING, MI 48901

Other Fees

$348

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