Retirement plan

DAVALAN SALES, INC. 401(K) PLAN

Name: DAVALAN SALES, INC. - DAVALAN SALES, INC. 401(K) PLAN (2020) Form 5500
Creator: DAVALAN SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVALAN SALES, INC. 401(K) PLAN, DAVALAN SALES, INC.

DAVALAN SALES, INC.EIN 95-3885320Plan #001PY 2020

1601 EAST OLYMPIC, SUITE 325 - LOS ANGELES, CA 90021213-623-2500yelp.com/biz/davalan-sales-los-angelesLinkedIn11-50 employeesimport and export

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

-1.6% from 2019

Total participants

-34.5% from 2019

Average account balance

$51,668

+3.9% from 2019

Annual return

9.39%

-6.30 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

57.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2465

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
RETIREMENT WELLNESS GROUP LLC3 years Service code 27 1200 NEWPORT CENTER DR STE 200 · NEWPORT BEACH, CA 92660	Advisory (Plan)	$12,230
ACTUARIAL BENEFITS CORP6+ years Service code 13 2790 SKYPARK DR STE 300 · TORRANCE, CA 90505	Contract Administrator	$2,499
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Filed as: GREAT-WEST LIFE & ANNUITY SERVICES Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,937
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,818

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$18K

$298 / participant

Contract admin$18K100.0%

% of EOY assets

0.675%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,668

$91,559-43.6%

$133,971-61.4%

$79,852-35.3%

Participation rate

32.3%

73.3%-41.1pp

79.8%-47.6pp

69.6%-37.4pp

Annual return

9.39%

61.85%-52.5pp

45.09%-35.7pp

31.72%-22.3pp

Employer contribution / active EE

$95

$2,384-96.0%

$3,919-97.6%

$2,471-96.2%

Participant deferral / active EE

$1,430

$3,734-61.7%

$5,047-71.7%

$3,740-61.8%

Admin fee / account holder

$349

$6,321-94.5%

$8,929-96.1%

$5,306-93.4%

Provider

Service type

Compensation

RETIREMENT WELLNESS GROUP LLC3 years

Service code 27

1200 NEWPORT CENTER DR STE 200 · NEWPORT BEACH, CA 92660

Advisory (Plan)

$12,230

ACTUARIAL BENEFITS CORP6+ years

Service code 13

2790 SKYPARK DR STE 300 · TORRANCE, CA 90505

Contract Administrator

$2,499

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Filed as: GREAT-WEST LIFE & ANNUITY SERVICES

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,937

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,818

DAVALAN SALES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVALAN SALES, INC. 401(K) 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