Retirement plan

JAMES RIVER DESIGN & MFG, LLC D/B/A AVCOM OF VIRGINIA, INC. 401(K) SAVINGS PLAN

Name: JAMES RIVER DESIGN & MFG, LLC - JAMES RIVER DESIGN & MFG, LLC D/B/A AVCOM OF VIRGINIA, INC. 401(K) SAVINGS PLAN (2023) Form 5500
Creator: JAMES RIVER DESIGN & MFG, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAMES RIVER DESIGN & MFG, LLC D/B/A AVCOM OF VIRGINIA, INC. 401(K) SAVINGS PLAN, JAMES RIVER DESIGN & MFG, LLC

JAMES RIVER DESIGN & MFG, LLCEIN 47-1450157Plan #001PY 2023

7729 POCOSHOCK WAY - NORTH CHESTERFIELD, VA 23235804-794-2500

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$892K

+23.9% from 2022

Total participants

0.0% from 2022

Average account balance

$63,724

+23.9% from 2022

Annual return

17.38%

+34.37 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.10M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$720

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$35K

$2511 / participant

Other / not subdivided$35K100.0%

% of EOY assets

3.940%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,724

$110,307-42.2%

$96,576-34.0%

$139,456-54.3%

Participation rate

92.9%

78.1%+14.7pp

76.0%+16.9pp

80.3%+12.5pp

Annual return

17.38%

26.40%-9.0pp

25.87%-8.5pp

373.45%-356.1pp

Employer contribution / active EE

$2,529

$3,619-30.1%

$2,965-14.7%

$4,753-46.8%

Participant deferral / active EE

$3,259

$5,547-41.2%

$4,851-32.8%

$6,711-51.4%

Admin fee / account holder

$2,511

$11,597-78.4%

$8,253-69.6%

$11,407-78.0%

JAMES RIVER DESIGN & MFG, LLC D/B/A AVCOM OF VIRGINIA, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAMES RIVER DESIGN & MFG, LLC D/B/A AVCOM OF VIRGINIA, INC. 401(K) SAVINGS 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