Retirement plan

PROSIGHT SPECIALTY INSURANCE 401(K) PLAN

Name: PROSIGHT SPECIALTY MANAGEMENT COMPANY - PROSIGHT SPECIALTY INSURANCE 401(K) PLAN (2021) 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 2021

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$55.5M

+10.0% from 2020

Total participants

540

+2.3% from 2020

Average account balance

$112,749

+10.2% from 2020

Annual return

18.68%

+0.69 pp from 2020

Benchmarks

See 736 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2021

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 LLC7+ years Service code 27 · EIN 26-0058143	Advisory (Plan)	$36,800
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	-$7,479

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

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

$29K

$88 / participant

Other / not subdivided$29K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,749

$41,647+170.7%

$96,192+17.2%

$86,821+29.9%

Participation rate

85.6%

50.3%+35.3pp

68.4%+17.2pp

72.3%+13.3pp

Annual return

18.68%

27.24%-8.6pp

192.09%-173.4pp

97.94%-79.3pp

Employer contribution / active EE

$6,144

$1,328+362.6%

$2,799+119.5%

$2,406+155.4%

Participant deferral / active EE

$9,519

$2,412+294.6%

$4,351+118.8%

$4,132+130.4%

Admin fee / account holder

$60

$169-64.8%

$5,539-98.9%

$170-64.9%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC7+ years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$36,800

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$7,479

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