Retirement plan

PAUL DAVIS RESTORATION OF SE W 401(K) PROFIT SHARING PLAN AND TRUST

Name: PAUL DAVIS RESTORATION - PAUL DAVIS RESTORATION OF SE W 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: PAUL DAVIS RESTORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL DAVIS RESTORATION OF SE W 401(K) PROFIT SHARING PLAN AND TRUST, PAUL DAVIS RESTORATION

PAUL DAVIS RESTORATIONEIN 39-1662830Plan #001PY 2022

W226N918 NORTHMOUND DRIVE SUITE 100 - WAUKESHA, WI 53186414-383-3131

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.9M

-25.3% from 2021

Total participants

141

+11.0% from 2021

Average account balance

$50,605

-38.4% from 2021

Annual return

-16.89%

-35.16 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.30M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

103

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$847K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+21.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8294

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
FIRST BUSINESS TRUST & INVESTMENTS2 years Service code 21 · EIN 39-0394950	Bank Trustee	$33,282
CHORTEK LLP1 year Service code 10 · EIN 42-0993792	Accounting	$14,000
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$47K

$375 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.963%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHORTEK LLP
Auditor EIN: 420993792
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,605

$64,176-21.1%

$112,263-54.9%

$66,949-24.4%

Participation rate

65.1%

68.4%-3.4pp

75.1%-10.0pp

69.8%-4.7pp

Annual return

-16.89%

-13.80%-3.1pp

27.49%-44.4pp

1.57%-18.5pp

Employer contribution / active EE

$1,207

$3,007-59.8%

$3,636-66.8%

$2,545-52.6%

Participant deferral / active EE

$3,756

$3,694+1.7%

$4,729-20.6%

$4,239-11.4%

Admin fee / account holder

$487

$626-22.1%

$6,410-92.4%

$594-17.9%

Provider

Service type

Compensation

FIRST BUSINESS TRUST & INVESTMENTS2 years

Service code 21 · EIN 39-0394950

Bank Trustee

$33,282

CHORTEK LLP1 year

Service code 10 · EIN 42-0993792

Accounting

$14,000

CHARLES SCHWAB & CO., INC.2 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

PAUL DAVIS RESTORATION OF SE W 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL DAVIS RESTORATION OF SE W 401(K) PROFIT SHARING PLAN AND TRUST

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