Retirement plan

DEVINEY CONSTRUCTION COMPANY, INC. RETIREMENT PLAN AND TRUST

Name: DEVINEY CONSTRUCTION COMPANY, INC. - DEVINEY CONSTRUCTION COMPANY, INC. RETIREMENT PLAN AND TRUST (2023) Form 5500
Creator: DEVINEY CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEVINEY CONSTRUCTION COMPANY, INC. RETIREMENT PLAN AND TRUST, DEVINEY CONSTRUCTION COMPANY, INC.

DEVINEY CONSTRUCTION COMPANY, INC.EIN 64-0758906Plan #002PY 2023

1059 DEVINEY DR - RAYMOND, MS 391548387601-372-3121LinkedIn1-10 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.9M

+13.1% from 2022

Total participants

416

+0.5% from 2022

Average account balance

$32,963

+7.9% from 2022

Annual return

13.23%

+24.79 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.19M

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.

387

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.

42.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

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

+9.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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 2 by compensation

Provider	Service type	Compensation
HERITAGE PENSION ADVISORS, LLC9+ years Service code 37 · EIN 27-1835823	Loan Processing	$52,910
BANKPLUS WEALTH MANAGEMENT9+ years Service code 26 · EIN 64-0655312	Advisory (Participants)	$28,972

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$82K

$399 / participant

Recordkeeping$53K64.6%
Investment mgmt$29K35.4%

% of EOY assets

0.637%

all-in expense ratio

Categories reported

2 / 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: WILLIAMS, WEISS, HESTER & CO., PLLC
Auditor EIN: 640317418
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,963

$76,696-57.0%

$96,538-65.9%

$71,529-53.9%

Participation rate

87.3%

66.6%+20.8pp

74.3%+13.0pp

67.9%+19.4pp

Annual return

13.23%

48.32%-35.1pp

35.74%-22.5pp

28.97%-15.7pp

Employer contribution / active EE

$780

$3,032-74.3%

$3,740-79.1%

$2,590-69.9%

Participant deferral / active EE

$2,717

$3,770-27.9%

$4,880-44.3%

$4,291-36.7%

Admin fee / account holder

$210

$2,030-89.7%

$6,737-96.9%

$1,588-86.8%

Provider

Service type

Compensation

HERITAGE PENSION ADVISORS, LLC9+ years

Service code 37 · EIN 27-1835823

Loan Processing

$52,910

BANKPLUS WEALTH MANAGEMENT9+ years

Service code 26 · EIN 64-0655312

Advisory (Participants)

$28,972

DEVINEY CONSTRUCTION COMPANY, INC. RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEVINEY CONSTRUCTION COMPANY, INC. RETIREMENT PLAN AND TRUST

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