Retirement plan

AMTRUST RETIREMENT PLAN

Name: AMTRUST FINANCIAL SERVICES - AMTRUST RETIREMENT PLAN (2015) Form 5500
Creator: AMTRUST FINANCIAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMTRUST RETIREMENT PLAN, AMTRUST FINANCIAL SERVICES

AMTRUST FINANCIAL SERVICESEIN 04-3106389Plan #001PY 2015

59 MAIDEN LANE, 6TH FLOOR - NEW YORK, NY 100384653212-220-7120

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$135.2M

-32.5% from 2016

Total participants

5,541

-16.8% from 2016

Average account balance

$27,079

-16.6% from 2016

Annual return

7.36%

-24.34 pp from 2016

Benchmarks

See 73 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort73 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$458.13M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

6,006

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 4 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$97,108
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: NEW YORK LIFE INVESTMENT MANAGEMENT Service code 15 · EIN 52-2206685	Recordkeeping	$24,403
BASS & LEMER LLP1+ years Service code 10 · EIN 13-1938264	Accounting	$18,000
USI CONSULTING GROUP1+ years Service code 15 · EIN 06-1053228	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$140K

$28 / participant

Contract admin$122K87.1%
Other / not subdivided$18K12.9%

% of EOY assets

0.103%

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: BASS & LEMER LLP
Auditor EIN: 131938264
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,079

$83,458-67.6%

$123,105-78.0%

$67,505-59.9%

Participation rate

89.2%

84.5%+4.7pp

86.8%+2.4pp

71.2%+18.0pp

Annual return

7.36%

1.29%+6.1pp

13.22%-5.9pp

6.52%+0.8pp

Employer contribution / active EE

$1,323

$3,087-57.1%

$5,151-74.3%

$2,173-39.1%

Participant deferral / active EE

$3,851

$5,379-28.4%

$6,229-38.2%

$3,597+7.1%

Admin fee / account holder

$28

$60-53.2%

$9,014-99.7%

$56-50.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$97,108

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: NEW YORK LIFE INVESTMENT MANAGEMENT

Service code 15 · EIN 52-2206685

Recordkeeping

$24,403

BASS & LEMER LLP1+ years

Service code 10 · EIN 13-1938264

Accounting

$18,000

USI CONSULTING GROUP1+ years

Service code 15 · EIN 06-1053228

Recordkeeping

AMTRUST RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMTRUST RETIREMENT 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