Retirement plan

AMWINS GROUP, INC. 401(K) PLAN

Name: AMWINS GROUP, INC. - AMWINS GROUP, INC. 401(K) PLAN (2023) Form 5500
Creator: AMWINS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMWINS GROUP, INC. 401(K) PLAN, AMWINS GROUP, INC.

AMWINS GROUP, INC.EIN 13-4009411Plan #001PY 2023

4725 PIEDMONT ROW DRIVE, SUITE 600 - CHARLOTTE, NC 28210704-749-2700

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$692.9M

-17.0% from 2016

Total participants

7,149

-7.8% from 2016

Average account balance

$112,374

-7.0% from 2016

Annual return

22.46%

-9.32 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$844.48M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

6,540

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$76.70M

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

+17.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$326,208
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$297,621
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING, LLC Service code 27 · EIN 43-1270780	Advisory (Plan)	$63,191
BERNARD ROBINSON & COMPANY, LLP1 year Filed as: BERNARD ROBINSON & COMPANY LLP Service code 10 · EIN 56-0571159	Accounting	$16,700

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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.
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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$704K

$112 / participant

Recordkeeping$295K42.0%
Investment mgmt$326K46.4%
Contract admin$2K0.3%
Other / not subdivided$80K11.4%

% of EOY assets

0.102%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERNARD ROBINSON AND COMPANY LLP
Auditor EIN: 560571159
Audit fees: $16,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,374

$129,756-13.4%

$170,055-33.9%

$103,657+8.4%

Participation rate

84.3%

91.3%-6.9pp

87.0%-2.7pp

73.4%+11.0pp

Annual return

22.46%

20.17%+2.3pp

53.43%-31.0pp

33.13%-10.7pp

Employer contribution / active EE

$2,393

$5,236-54.3%

$6,790-64.8%

$3,216-25.6%

Participant deferral / active EE

$8,327

$8,283+0.5%

$10,410-20.0%

$5,218+59.6%

Admin fee / account holder

$114

$73+56.6%

$12,828-99.1%

$1140%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$326,208

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$297,621

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING, LLC

Service code 27 · EIN 43-1270780

Advisory (Plan)

$63,191

BERNARD ROBINSON & COMPANY, LLP1 year

Filed as: BERNARD ROBINSON & COMPANY LLP

Service code 10 · EIN 56-0571159

Accounting

$16,700

AMWINS GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMWINS GROUP, INC. 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