Retirement plan

DAVIS TOOL, INC. PROFIT SHARING PLAN AND TRUST

Name: DAVIS TOOL, INC. - DAVIS TOOL, INC. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: DAVIS TOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIS TOOL, INC. PROFIT SHARING PLAN AND TRUST, DAVIS TOOL, INC.

DAVIS TOOL, INC.EIN 93-0774431Plan #001PY 2023

3740 NE ALOCLEK DRIVE - HILLSBORO, OR 97124503-905-4099davistl.comLinkedIn51-200 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12M

+10.1% from 2022

Total participants

197

-12.8% from 2022

Average account balance

$68,726

+20.9% from 2022

Annual return

16.27%

+31.75 pp from 2022

Benchmarks

See 4,139 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,139 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.08M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

184

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.

81.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$807K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.95%

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC6 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$1,800
COLUMBIA7 years Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DWS FUNDS9+ years Filed as: DWS INVESTMENTS Service code 28 · EIN 13-3241232	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
INVESCO3 years Filed as: INVESCO FUNDS Service code 28 · EIN 26-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY9+ years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
PIMCO FUNDS6 years Service code 28 · EIN 33-0629048	Investment Management	$0
T ROWE PRICE RPS INC6 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
VICTORY7 years Filed as: VICTORY FUNDS Service code 28 · EIN 13-2700161	Investment Management	$0
VOYA RETIREMENT INSURANCE & ANNUITY6 years Filed as: VOYA INVESTMENT MANAGEMENT Service code 28 · EIN 58-2361003	Investment Management	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$17 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.015%

all-in expense ratio

Categories reported

0 / 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: DAY CPA SERVICES, P.C.
Auditor EIN: 832617456
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,726

$76,050-9.6%

$96,544-28.8%

$71,457-3.8%

Participation rate

79.1%

74.4%+4.7pp

76.0%+3.1pp

67.9%+11.2pp

Annual return

16.27%

22.81%-6.5pp

25.84%-9.6pp

28.85%-12.6pp

Employer contribution / active EE

$2,498

$2,244+11.3%

$2,965-15.7%

$2,588-3.5%

Participant deferral / active EE

$4,497

$4,215+6.7%

$4,851-7.3%

$4,289+4.9%

Admin fee / account holder

$10

$2,707-99.6%

$8,252-99.9%

$1,587-99.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC6 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$1,800

COLUMBIA7 years

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DWS FUNDS9+ years

Filed as: DWS INVESTMENTS

Service code 28 · EIN 13-3241232

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

INVESCO3 years

Filed as: INVESCO FUNDS

Service code 28 · EIN 26-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

PIMCO FUNDS6 years

Service code 28 · EIN 33-0629048

Investment Management

T ROWE PRICE RPS INC6 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

VICTORY7 years

Filed as: VICTORY FUNDS

Service code 28 · EIN 13-2700161

Investment Management

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Filed as: VOYA INVESTMENT MANAGEMENT

Service code 28 · EIN 58-2361003

Investment Management

DAVIS TOOL, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIS TOOL, INC. PROFIT SHARING 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