Davenport & Company LLC 401(k) Review & Grade
Davenport & Company LLC Profit Sharing Plan
Richmond, VAFinance & Insurance500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$20,765Employer $ per active participant
$13,939Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$416.4MNet plan assets, end of year
$669,397Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost25.0 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 100th |
| Employee saving | 88th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Davenport & Company put in about $20,765 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 | $10,382,349 |
| Participant (employee) contributions | $6,969,339 |
| Other contributions (incl. rollovers in) | $3,093,818 |
| Administrative expenses paid from the plan | $202 |
| Benefits paid out | $23,127,128 |
| Net assets, start / end of year | $369.9M / $416.4M |
| Active participants, start / end of year | 490 / 510 |
| Participants with account balances | 622 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Keiter |
Largest service providers (Schedule C)
| Ascensus | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007085127NAL0007791568001, received 2025-10-07, EIN 54-1835842, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.