Retirement plan

DIVERSIFIED SEARCH GROUP RETIREMENT PLAN

Name: SV-DVF HOLDINGS, LLC - DIVERSIFIED SEARCH GROUP RETIREMENT PLAN (2024) Form 5500
Creator: SV-DVF HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIVERSIFIED SEARCH GROUP RETIREMENT PLAN, SV-DVF HOLDINGS, LLC

SV-DVF HOLDINGS, LLCEIN 83-3359849Plan #001PY 2024

2005 MARKET STREET, SUITE 3300 - PHILADELPHIA, PA 19103215-656-3552

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$47M

-2.2% from 2023

Total participants

360

-5.3% from 2023

Average account balance

$133,915

-8.1% from 2023

Annual return

12.41%

-4.44 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.00M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

351

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$463

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 7 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2 years Filed as: TOWERS WATSON INVESTMENT SERVICES I Service code 27 LOCKBOX 28025 · CHICAGO, IL 60673	Advisory (Plan)	$48,285
ENTERPRISE BANK & TRUST4+ years Filed as: FUND ONE ENTERPRISE HOLDINGS LLC Service code 99 PO BOX 628 · SMITHTOWN, NY 11787	Other Fees	$38,631
ASCENSUS LLC4+ years Filed as: DWC ERISA CONSULTANTS LLC Service code 13 PO BOX 241267 · ST PAUL, MN 55124	Contract Administrator	$29,343
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,758
FISHER CUNNANE& ASSOCIATES LTD2 years Filed as: FISHER CUNNANE & ASSOCIATES Service code 10 11 TURNER LANE · WEST CHESTER, PA 19380	Accounting	$17,200
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,638
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735	Advisory (Plan)	$0

Plan features & details

Pension benefit codes3D2E2J2K2F2G2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$162K

$608 / participant

Recordkeeping$18K10.9%
Investment mgmt$60K36.9%
Contract admin$29K18.1%
Other / not subdivided$55K34.1%

% of EOY assets

0.345%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FISCHER CUNNANE & ASSOCIATES LTD
Auditor EIN: 233060583
Audit fees: $17,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,915

$106,264+26.0%

$147,117-9.0%

$77,762+72.2%

Participation rate

96.6%

78.4%+18.2pp

82.2%+14.4pp

70.6%+26.0pp

Annual return

12.41%

56.94%-44.5pp

420.54%-408.1pp

31.27%-18.9pp

Employer contribution / active EE

$3,572

$4,074-12.3%

$4,932-27.6%

$2,728+30.9%

Participant deferral / active EE

$12,988

$8,003+62.3%

$8,065+61.1%

$4,651+179.3%

Admin fee / account holder

$463

$334+38.3%

$12,993-96.4%

$433+6.8%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2 years

Filed as: TOWERS WATSON INVESTMENT SERVICES I

Service code 27

LOCKBOX 28025 · CHICAGO, IL 60673

Advisory (Plan)

$48,285

ENTERPRISE BANK & TRUST4+ years

Filed as: FUND ONE ENTERPRISE HOLDINGS LLC

Service code 99

PO BOX 628 · SMITHTOWN, NY 11787

Other Fees

$38,631

ASCENSUS LLC4+ years

Filed as: DWC ERISA CONSULTANTS LLC

Service code 13

PO BOX 241267 · ST PAUL, MN 55124

Contract Administrator

$29,343

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,758

FISHER CUNNANE& ASSOCIATES LTD2 years

Filed as: FISHER CUNNANE & ASSOCIATES

Service code 10

11 TURNER LANE · WEST CHESTER, PA 19380

Accounting

$17,200

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,638

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735

Advisory (Plan)

DIVERSIFIED SEARCH GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIVERSIFIED SEARCH GROUP RETIREMENT 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