Retirement plan

PROSIGHT SPECIALTY INSURANCE 401(K) PLAN

Name: PROSIGHT SPECIALTY MANAGEMENT COMPANY - PROSIGHT SPECIALTY INSURANCE 401(K) PLAN (2019) Form 5500
Creator: PROSIGHT SPECIALTY MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROSIGHT SPECIALTY INSURANCE 401(K) PLAN, PROSIGHT SPECIALTY MANAGEMENT COMPANY

PROSIGHT SPECIALTY MANAGEMENT COMPANYEIN 13-2511244Plan #004PY 2019

412 MT KEMBLE AVENUE, SUITE 300C - MORRISTOWN, NJ 07960973-532-1454

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$43.6M

+35.9% from 2018

Total participants

591

+13.7% from 2018

Average account balance

$79,534

+17.3% from 2018

Annual return

28.80%

+31.07 pp from 2018

Benchmarks

See 689 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort689 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.97M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

597

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+22.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 37 · EIN 04-2647786	Loan Processing	$8,806
CAPFINANCIAL PARTNERS LLC5+ years Service code 51 · EIN 26-0058143	Investment Mgmt Fees	$8,481

Plan features & details

Pension benefit codes2F2J3D3H

Plan features

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).
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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$17K

$44 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

0 / 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: WITHUM SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,534

$40,522+96.3%

$84,637-6.0%

$67,582+17.7%

Participation rate

89.0%

51.1%+37.9pp

68.2%+20.8pp

71.3%+17.8pp

Annual return

28.80%

32.72%-3.9pp

258.82%-230.0pp

378.57%-349.8pp

Employer contribution / active EE

$5,482

$1,146+378.3%

$2,653+106.6%

$2,148+155.3%

Participant deferral / active EE

$9,659

$2,132+353.1%

$3,900+147.6%

$3,539+172.9%

Admin fee / account holder

$32

$145-78.3%

$4,914-99.4%

$142-77.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 37 · EIN 04-2647786

Loan Processing

$8,806

CAPFINANCIAL PARTNERS LLC5+ years

Service code 51 · EIN 26-0058143

Investment Mgmt Fees

$8,481

PROSIGHT SPECIALTY INSURANCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROSIGHT SPECIALTY INSURANCE 401(K) 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