Retirement plan

DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 401(K) PROFIT SHARING PLAN

Name: DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION - DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 401(K) PROFIT SHARING PLAN, DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION

DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATIONEIN 54-0740680Plan #001PY 2015

108 SOUTH MAIN STREET - CHATHAM, VA 24531434-432-0251LinkedIn1-10 employeesenvironmental services

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.6M

No prior year

Total participants

287

No prior year

Average account balance

$25,905

No prior year

Annual return

-2.06%

No prior year

Benchmarks

See 563 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort563 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.19M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

448

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY1+ years Service code 21 · EIN 56-0223230	Bank Trustee	$27,896
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009	Securities Custodian	$2,276
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

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

$28K

$108 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.499%

all-in expense ratio

Categories reported

0 / 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: HARRIS HARVEY NEAL & CO., LLP
Auditor EIN: 540643136
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,905

$27,330-5.2%

$67,704-61.7%

$55,191-53.1%

Participation rate

72.6%

47.5%+25.0pp

67.5%+5.1pp

69.2%+3.4pp

Annual return

-2.06%

8.81%-10.9pp

25.41%-27.5pp

10.78%-12.8pp

Employer contribution / active EE

$285

$855-66.7%

$2,559-88.9%

$1,899-85.0%

Participant deferral / active EE

$1,535

$1,709-10.2%

$3,585-57.2%

$3,046-49.6%

Admin fee / account holder

$129

$109+18.2%

$4,255-97.0%

$91+42.3%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY1+ years

Service code 21 · EIN 56-0223230

Bank Trustee

$27,896

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 42-1558009

Securities Custodian

$2,276

CHARLES SCHWAB & CO., INC.1+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450952

Recordkeeping

DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVENPORT ENERGY, INC/FIRST PIEDMONT CORPORATION 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