Retirement plan

JAMES G. DAVIS CONSTRUCTION CORPORATION PROFIT SHARING, STOCK OWNERSHIP, AND 401(K) PLAN

Name: JAMES G. DAVIS CONSTRUCTION CORPORATION - JAMES G. DAVIS CONSTRUCTION CORPORATION PROFIT SHARING, STOCK OWNERSHIP, AND 401(K) PLAN (2023) Form 5500
Creator: JAMES G. DAVIS CONSTRUCTION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAMES G. DAVIS CONSTRUCTION CORPORATION PROFIT SHARING, STOCK OWNERSHIP, AND 401(K) PLAN, JAMES G. DAVIS CONSTRUCTION CORPORATION

JAMES G. DAVIS CONSTRUCTION CORPORATIONEIN 54-0799423Plan #001PY 2023

12530 PARKLAWN DRIVE - ROCKVILLE, MD 20852301-881-2990davisconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed December 29, 2023 (most recent of 2 filings on file)

Plan administrator

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12530 Parklawn Dr # 100

Rockville, MD 20852

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Plans declared (1)

James G. Davis Construction Corporation Executive Deferred Compensation Plan5 emp

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Total assets (EOY)

$187.8M

+12.3% from 2022

Total participants

629

+4.1% from 2022

Average account balance

$314,030

+4.2% from 2022

Annual return

10.53%

+16.74 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$199.00M

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

699

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+8.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$929

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
SCHNEIDER DOWNS & CO., INC.9+ years Filed as: SCHNEIDER DOWNS WEALTH MGMT ADV. Service code 26 · EIN 25-1857157 ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416	Advisory (Participants)	$153,943
SCHNEIDER DOWNS RET. SOLUTIONS4 years Service code 15 · EIN 47-3764076 ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416	Recordkeeping	$108,489
KATZ, SAPPER & MILLER5 years Filed as: KATZ SAPPER & MILLER, LLP Service code 10 · EIN 35-1090346 800 EAST 96TH STREET, SUITE 500 · INDIANAPOLIS, IN 462400857	Accounting	$35,750
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 21 · EIN 42-1558009 215 FREMONT STREET, 6TH FLOOR · SAN FRANCISCO, CA 94105	Bank Trustee	$31,721
LEGACY EQUITY VALUATIONS, INC.4 years Service code 34 · EIN 84-2934577 815 FIRST AVENUE 293 · SEATTLE, WA 98104	Valuation (appraisals, etc.)	$19,700

Plan features & details

Pension benefit codes2E2F2G2J2K2P2Q2T3H

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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$350K

$809 / participant

Recordkeeping$108K31.0%
Trustee / custodial$32K9.1%
Investment mgmt$154K44.0%
Valuation$20K5.6%
Other / not subdivided$36K10.2%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ, SAPPER & MILLER LLP
Auditor EIN: 351090346
Audit fees: $35,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$314,030

$93,010+237.6%

$96,515+225.4%

$74,460+321.7%

Participation rate

92.8%

71.6%+21.3pp

74.3%+18.5pp

70.7%+22.1pp

Annual return

10.53%

37.50%-27.0pp

35.73%-25.2pp

34.38%-23.8pp

Employer contribution / active EE

$19,900

$3,427+480.6%

$3,740+432.2%

$2,638+654.3%

Participant deferral / active EE

$7,965

$3,971+100.6%

$4,880+63.2%

$4,530+75.8%

Admin fee / account holder

$585

$633-7.7%

$6,735-91.3%

$348+68.1%

Provider

Service type

Compensation

SCHNEIDER DOWNS & CO., INC.9+ years

Filed as: SCHNEIDER DOWNS WEALTH MGMT ADV.

Service code 26 · EIN 25-1857157

ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416

Advisory (Participants)

$153,943

SCHNEIDER DOWNS RET. SOLUTIONS4 years

Service code 15 · EIN 47-3764076

ONE PPG PLACE, SUITE 1700 · PITTSBURGH, PA 152225416

Recordkeeping

$108,489

KATZ, SAPPER & MILLER5 years

Filed as: KATZ SAPPER & MILLER, LLP

Service code 10 · EIN 35-1090346

800 EAST 96TH STREET, SUITE 500 · INDIANAPOLIS, IN 462400857

Accounting

$35,750

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 21 · EIN 42-1558009

215 FREMONT STREET, 6TH FLOOR · SAN FRANCISCO, CA 94105

Bank Trustee

$31,721

LEGACY EQUITY VALUATIONS, INC.4 years

Service code 34 · EIN 84-2934577

815 FIRST AVENUE 293 · SEATTLE, WA 98104

Valuation (appraisals, etc.)

$19,700

JAMES G. DAVIS CONSTRUCTION CORPORATION PROFIT SHARING, STOCK OWNERSHIP, AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAMES G. DAVIS CONSTRUCTION CORPORATION PROFIT SHARING, STOCK OWNERSHIP, AND 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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