Retirement plan

DUVAL ASPHALT PRODUCTS, INC. SAVINGS PLAN

Name: DUVAL ASPHALT PRODUCTS, INC. - DUVAL ASPHALT PRODUCTS, INC. SAVINGS PLAN (2020) Form 5500
Creator: DUVAL ASPHALT PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUVAL ASPHALT PRODUCTS, INC. SAVINGS PLAN, DUVAL ASPHALT PRODUCTS, INC.

DUVAL ASPHALT PRODUCTS, INC.EIN 59-2397581Plan #002PY 2020

7544 PHILIPS HWY - JACKSONVILLE, FL 32256904-296-2020duvalasphalt.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsHigh feesHigh cashLow participation

Top hat statement on fileNQDC

Filed April 3, 1996

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10M

+14.3% from 2019

Total participants

147

0.0% from 2019

Average account balance

$130,114

+15.7% from 2019

Annual return

8.67%

-14.91 pp from 2019

Benchmarks

See 2,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,940 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.33M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21088

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 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 51 · EIN 13-2638166 315 DEADERICK STREET · NASHVILLE, TN 37238	Investment Mgmt Fees	$33,710
BENEFIT PLANS ADMIN SERVICES, INC.6+ years Service code 13 · EIN 16-1503696 6 RHOADS DRIVE, SUITE 7 · UTICA, NY 135026374	Contract Administrator	$18,086
PENSION ADMINISTRATION & CONSULTING6+ years Service code 49 · EIN 31-1424942 7723 TYLERS PLACE BLVD, #103 · WEST CHESTER, OH 45069	Other Services	$4,214

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$56K

$398 / participant

Investment mgmt$56K100.0%

% of EOY assets

0.560%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLARK SCHAEFER HACKETT & COMPANY
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,114

$69,362+87.6%

$101,248+28.5%

$73,488+77.1%

Participation rate

50.4%

68.4%-18.0pp

75.8%-25.5pp

70.7%-20.3pp

Annual return

8.67%

18.46%-9.8pp

46.47%-37.8pp

28.51%-19.8pp

Employer contribution / active EE

$1,689

$2,628-35.7%

$3,660-53.8%

$2,270-25.6%

Participant deferral / active EE

$2,876

$3,300-12.8%

$4,370-34.2%

$3,740-23.1%

Admin fee / account holder

$728

$704+3.5%

$5,945-87.7%

$513+42.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 51 · EIN 13-2638166

315 DEADERICK STREET · NASHVILLE, TN 37238

Investment Mgmt Fees

$33,710

BENEFIT PLANS ADMIN SERVICES, INC.6+ years

Service code 13 · EIN 16-1503696

6 RHOADS DRIVE, SUITE 7 · UTICA, NY 135026374

Contract Administrator

$18,086

PENSION ADMINISTRATION & CONSULTING6+ years

Service code 49 · EIN 31-1424942

7723 TYLERS PLACE BLVD, #103 · WEST CHESTER, OH 45069

Other Services

$4,214

DUVAL ASPHALT PRODUCTS, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUVAL ASPHALT PRODUCTS, INC. SAVINGS PLAN

Top hat statement on fileNQDC

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