Retirement plan

DAVIS CONSTRUCTION, INC. 401(K) PLAN

Name: DAVIS CONSTRUCTION, INC. - DAVIS CONSTRUCTION, INC. 401(K) PLAN (2022) 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 2022

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)

$7.9M

-23.4% from 2021

Total participants

173

-15.2% from 2021

Average account balance

$50,665

-12.6% from 2021

Annual return

-14.52%

-25.44 pp from 2021

Benchmarks

See 17,347 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,347 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
GRADIENT SECURITIES LLC8+ years Service code 55 4570 CHURCHILL ST · SHOREVIEW, MN 55126	Other Commissions	$22,827
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12,789
EPIC RETIREMENT PLAN SERVICES8+ years Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13 3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512	Contract Administrator	$10,003

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

$25K

$283 / participant

Contract admin$25K100.0%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

1 / 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

$50,665

$64,716-21.7%

$112,258-54.9%

$68,495-26.0%

Participation rate

79.3%

67.2%+12.2pp

75.1%+4.2pp

67.9%+11.4pp

Annual return

-14.52%

-11.40%-3.1pp

27.47%-42.0pp

-7.84%-6.7pp

Employer contribution / active EE

$8,130

$2,746+196.0%

$3,636+123.6%

$2,596+213.1%

Participant deferral / active EE

$3,473

$3,565-2.6%

$4,728-26.6%

$4,028-13.8%

Admin fee / account holder

$159

$5,232-97.0%

$6,411-97.5%

$5,403-97.1%

Provider

Service type

Compensation

GRADIENT SECURITIES LLC8+ years

Service code 55

4570 CHURCHILL ST · SHOREVIEW, MN 55126

Other Commissions

$22,827

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12,789

EPIC RETIREMENT PLAN SERVICES8+ years

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

3060 LAKE EASTBROOK BLVD · GRAND RAPIDS, MI 49512

Contract Administrator

$10,003

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