Retirement plan

DAVENPORT & COMPANY LLC PROFIT SHARING PLAN

Name: DAVENPORT & COMPANY LLC - DAVENPORT & COMPANY LLC PROFIT SHARING PLAN (2018) Form 5500
Creator: DAVENPORT & COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVENPORT & COMPANY LLC PROFIT SHARING PLAN, DAVENPORT & COMPANY LLC

DAVENPORT & COMPANY LLCEIN 54-1835842Plan #002PY 2018

P.O. BOX 85678 - RICHMOND, VA 232855678804-780-2000investdavenport.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$228.2M

-12.2% from 2016

Total participants

486

-1.7% from 2016

Average account balance

$469,483

-10.7% from 2016

Annual return

-7.13%

-12.29 pp from 2016

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$416.36M

Not enough data

1 years with asset history on file

Average account balance

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

$669K

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.

622

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

$17.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC4+ years Filed as: ASCENSUS Service code 38 · EIN 11-3665754	Participant Communication	$31,134
ACTUARIAL BENEFITS & DESIGN COMPANY4+ years Filed as: ACTUARIAL BENEFITS & DESIGN CO. Service code 15 · EIN 54-1521351	Recordkeeping	$4,100
ASCENSUS LLC1 year Service code 18 1655 43RD STREET SOUTH · FARGO, ND 58103	Custodial (other than securities)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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

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

$98K

$223 / participant

Contract admin$46K46.7%
Other / not subdivided$52K53.3%

% of EOY assets

0.043%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KEITER
Auditor EIN: 541631262
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$469,483

$80,005+486.8%

$140,019+235.3%

$55,727+742.5%

Participation rate

100.0%

87.0%+13.0pp

87.5%+12.5pp

70.9%+29.1pp

Annual return

-7.13%

0.46%-7.6pp

651.19%-658.3pp

244.94%-252.1pp

Employer contribution / active EE

$16,461

$3,403+383.8%

$5,605+193.7%

$2,078+692.0%

Participant deferral / active EE

$10,585

$5,264+101.1%

$6,927+52.8%

$3,356+215.4%

Admin fee / account holder

$202

$116+74.8%

$10,705-98.1%

$115+75.6%

Provider

Service type

Compensation

ASCENSUS LLC4+ years

Filed as: ASCENSUS

Service code 38 · EIN 11-3665754

Participant Communication

$31,134

ACTUARIAL BENEFITS & DESIGN COMPANY4+ years

Filed as: ACTUARIAL BENEFITS & DESIGN CO.

Service code 15 · EIN 54-1521351

Recordkeeping

$4,100

ASCENSUS LLC1 year

Service code 18

1655 43RD STREET SOUTH · FARGO, ND 58103

Custodial (other than securities)

DAVENPORT & COMPANY LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVENPORT & COMPANY LLC 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