D.a. Davidson Companies 401(k) Review & Grade
D.a. Davidson Companies Retirement Savings and Profit Sharing Plan
Great Falls, MTFinance & Insurance1,602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,317Employer $ per active participant
$13,936Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$622.7MNet plan assets, end of year
$301,245Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 94th |
| Employee saving | 88th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $687 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- D.a. Davidson Companies put in about $8,317 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $13,327,386 |
| Participant (employee) contributions | $22,331,772 |
| Other contributions (incl. rollovers in) | $7,457,118 |
| Administrative expenses paid from the plan | $146,118 |
| Contract administrator fees | $8,407 |
| Benefits paid out | $41,270,189 |
| Net assets, start / end of year | $543.1M / $622.7M |
| Active participants, start / end of year | 1,619 / 1,586 |
| Participants with account balances | 2,067 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Junkermier,clark,campanella,stevens |
Largest service providers (Schedule C)
| Newport Group, Inc. | $144,431 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260429150349NAL0016924928001, received 2026-04-29, EIN 81-0439153, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.