PlanOptica
Retirement plan

W.R. BERKLEY CORPORATION PROFIT SHARING PLAN

W.R. BERKLEY CORPORATIONEIN 22-1867895Plan #001PY 2023
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475 STEAMBOAT ROAD - GREENWICH, CT 06830203-629-3000berkley.comLinkedIn5001-10000 employeesinsurance
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(203) 629-3000
Plan administrator signer
CAROL LAPUNZINA
Signed 08/21/2024
Plan administrator entity
W R BERKLEY CORPORATION PROFIT SHARING PLAN ADMINISTRATIVE
EIN 136639901
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Summary metrics

Total assets (EOY)
$1930.6M
-9.2% from 2016
Total participants
8,871
-0.2% from 2016
Average account balance
$221,603
-8.9% from 2016
Annual return
17.83%
-7.56 pp from 2016

Benchmarks

See 1,192 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants5,000-9,999
Cohort1,192 peers
Snapshot2023
Participant deferral / active EE
$10,146
median $4,583
Employer contribution / active EE
$11,434
median $2,242
Participation rate
97.4%
median 90.0%
Avg account balance
$221,603
median $64,799
Admin fee / account holder
$44
median $70
Annual return
17.83%
median 18.45%
Overall peer rank
77th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.29B
Average account balance
Total assets / participants with a balance (line 6g)
$253K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,048
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.7%
Contributions (total)
Employer and participant dollars contributed each year
$135.69M
Contributions per participant
Average employer and participant contribution per enrolled participant
$21K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+19.97%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$39
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years
Service code 37 · EIN 04-2647786
Loan Processing
$270,350
KPMG LLP6 years
Service code 10 · EIN 13-5565207
Accounting
$82,136
CAPFINANCIAL PARTNERS, LLC.2 years
Service code 27 · EIN 26-0058143
Advisory (Plan)
$27,000

Top hat statement on fileNQDC

Filed November 30, 2016 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H
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.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$380K
$62 / participant
  • Recordkeeping$266K69.9%
  • Investment mgmt$27K7.1%
  • Contract admin$5K1.3%
  • Other / not subdivided$82K21.7%
% of EOY assets
0.020%
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
KPMG LLP
Auditor EIN
135565207
Audit fees
$82,136
Opinion code
Unqualified