Retirement plan

PROSIGHT SPECIALTY INSURANCE 401(K) PLAN

Name: PROSIGHT SPECIALTY MANAGEMENT COMPANY - PROSIGHT SPECIALTY INSURANCE 401(K) PLAN (2020) 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 2020

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

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$50.4M

+15.7% from 2019

Total participants

528

-10.7% from 2019

Average account balance

$102,272

+28.6% from 2019

Annual return

17.98%

-10.82 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 25 · EIN 26-0058143	Directed Trustee	$55,200
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$20,144

Plan features & details

Pension benefit codes2F2J3H3D

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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$99 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.070%

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

$102,272

$39,948+156.0%

$89,435+14.4%

$73,412+39.3%

Participation rate

90.1%

50.4%+39.7pp

68.0%+22.1pp

72.2%+17.9pp

Annual return

17.98%

50.12%-32.1pp

245.55%-227.6pp

59.30%-41.3pp

Employer contribution / active EE

$6,372

$1,200+431.0%

$2,587+146.3%

$2,234+185.2%

Participant deferral / active EE

$10,165

$2,193+363.6%

$3,890+161.3%

$3,806+167.1%

Admin fee / account holder

$71

$134-47.0%

$4,884-98.5%

$158-55.0%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 25 · EIN 26-0058143

Directed Trustee

$55,200

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$20,144

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