Retirement plan

MAPFRE U.S.A. CORP. PROFIT SHARING & 401(K) SAVINGS PLAN

Name: MAPFRE U.S.A. CORP. - MAPFRE U.S.A. CORP. PROFIT SHARING & 401(K) SAVINGS PLAN (2022) Form 5500
Creator: MAPFRE U.S.A. CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAPFRE U.S.A. CORP. PROFIT SHARING & 401(K) SAVINGS PLAN, MAPFRE U.S.A. CORP.

MAPFRE U.S.A. CORP.EIN 04-2599931Plan #001PY 2022

211 MAIN STREET - WEBSTER, MA 01570508-943-9000

Prospect flagsLow returnsFailed to provide benefit

Top hat statement on fileNQDC

Filed November 27, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

11 GORE RD

WEBSTER State: MA Zip Code: 01570

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

MAPFRE U.S.A. CORP. NONQUALIFIED DEFERRED COMPENSATION PLAN69 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$408.1M

-9.7% from 2016

Total participants

3,275

-4.4% from 2016

Average account balance

$125,773

-5.5% from 2016

Annual return

-16.93%

-8.38 pp from 2016

Benchmarks

See 565 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort565 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$517.49M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

3,123

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$49,926
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$17,238

Plan features & details

Pension benefit codes2G2J2S2T3H2E2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$67K

$32 / participant

Investment mgmt$50K74.5%
Other / not subdivided$17K25.5%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY, GRAY & GRAY LLP
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,773

$95,918+31.1%

$151,634-17.1%

$77,906+61.4%

Participation rate

98.6%

88.7%+9.9pp

87.5%+11.1pp

73.7%+24.9pp

Annual return

-16.93%

-5.50%-11.4pp

3.32%-20.2pp

12.16%-29.1pp

Employer contribution / active EE

$4,293

$4,330-0.9%

$6,165-30.4%

$2,846+50.8%

Participant deferral / active EE

$6,361

$7,508-15.3%

$8,363-23.9%

$4,805+32.4%

Admin fee / account holder

$21

$93-77.9%

$11,614-99.8%

$133-84.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$49,926

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$17,238

MAPFRE U.S.A. CORP. PROFIT SHARING & 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAPFRE U.S.A. CORP. PROFIT SHARING & 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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