Retirement plan

DAVIDSON LOGISTICS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: DAVIDSON LOGISTICS, INC. - DAVIDSON LOGISTICS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: DAVIDSON LOGISTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIDSON LOGISTICS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN, DAVIDSON LOGISTICS, INC.

DAVIDSON LOGISTICS, INC.EIN 47-5643241Plan #001PY 2022

13930 MISSOURI BOTTOM ROAD - BRIDGETON, MO 63044314-298-1885LinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.4M

+1.7% from 2021

Total participants

145

-5.2% from 2021

Average account balance

$18,679

+23.7% from 2021

Annual return

-19.22%

-34.25 pp from 2021

Benchmarks

See 162 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort162 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.44M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

41.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$436K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+65.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3328

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$11,619
VISIONARY WEALTH ADVISORS, LLC3 years Filed as: VISIONARY WEALTH ADVISORS LLC Service code 27 1254 UNIVERSITY DRIVE, SUITE 300 · EDWARDSVILLE, IL 62025	Advisory (Plan)	$3,880

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

Expense breakdown

Schedule H Part II

Admin total

$15K

$144 / participant

Investment mgmt$4K25.0%
Contract admin$12K75.0%

% of EOY assets

1.121%

all-in expense ratio

Categories reported

2 / 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: HOLT & PATTERSON, LLC
Auditor EIN: 841684254
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,679

$28,601-34.7%

$71,755-74.0%

$66,938-72.1%

Participation rate

34.3%

56.7%-22.4pp

62.3%-28.1pp

69.8%-35.6pp

Annual return

-19.22%

-10.90%-8.3pp

9.09%-28.3pp

1.58%-20.8pp

Employer contribution / active EE

$973

$1,104-11.9%

$1,704-42.9%

$2,545-61.8%

Participant deferral / active EE

$1,942

$1,912+1.6%

$2,656-26.9%

$4,238-54.2%

Admin fee / account holder

$209

$506-58.6%

$3,972-94.7%

$594-64.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$11,619

VISIONARY WEALTH ADVISORS, LLC3 years

Filed as: VISIONARY WEALTH ADVISORS LLC

Service code 27

1254 UNIVERSITY DRIVE, SUITE 300 · EDWARDSVILLE, IL 62025

Advisory (Plan)

$3,880

DAVIDSON LOGISTICS, INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIDSON LOGISTICS, INC. SAFE HARBOR 401(K) PROFIT SHARING 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