Retirement plan

DAVENPORT & COMPANY LLC PROFIT SHARING PLAN

Name: DAVENPORT & COMPANY LLC - DAVENPORT & COMPANY LLC PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$369.9M

-12.2% from 2016

Total participants

594

-1.7% from 2016

Average account balance

$623,742

-10.7% from 2016

Annual return

19.97%

-12.29 pp from 2016

Benchmarks

See 1,521 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,521 peers

Snapshot2023

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 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC9+ years Filed as: ASCENSUS Service code 38 · EIN 11-3665754	Participant Communication	$7,534

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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$17K

$35 / participant

Recordkeeping$8K43.4%
Contract admin$10K56.6%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

2 / 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

$623,742

$100,272+522.0%

$170,055+266.8%

$74,478+737.5%

Participation rate

99.8%

87.4%+12.4pp

87.0%+12.8pp

70.7%+29.1pp

Annual return

19.97%

66.12%-46.1pp

53.43%-33.5pp

34.37%-14.4pp

Employer contribution / active EE

$18,713

$4,266+338.7%

$6,790+175.6%

$2,637+609.7%

Participant deferral / active EE

$13,388

$7,147+87.3%

$10,410+28.6%

$4,530+195.5%

Admin fee / account holder

$29

$235-87.5%

$12,828-99.8%

$347-91.6%

Provider

Service type

Compensation

ASCENSUS LLC9+ years

Filed as: ASCENSUS

Service code 38 · EIN 11-3665754

Participant Communication

$7,534

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