Retirement plan

NFP CORP. 401(K) PLAN

Name: NFP CORP. - NFP CORP. 401(K) PLAN (2024) Form 5500
Creator: NFP CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NFP CORP. 401(K) PLAN, NFP CORP.

NFP CORP.EIN 13-4029115Plan #001PY 2024

200 PARK AVENUE, SUITE 3202 - NEW YORK, NY 10166212-301-4000

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 16, 2009

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$976.9M

-11.9% from 2016

Total participants

7,812

+4.3% from 2016

Average account balance

$154,040

-13.5% from 2016

Annual return

15.81%

-8.02 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$976.92M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

6,342

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.

77.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$81.93M

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

+15.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$259,641
WEALTHSPIRE ADVISORS LLC4 years Service code 26 · EIN 13-3831584	Advisory (Participants)	$85,310
BDO USA, LLP9 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590	Accounting	$36,177
CHARLES SCHWAB & CO., INC.5 years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$15,159
LMCG INVESTMENTS LLC4 years Service code 26 · EIN 27-0282607	Advisory (Participants)	$11,781
AMI BENEFIT PLAN ADMINISTRATORS INC3 years Filed as: AMI ASSET MANAGEMENT CORP Service code 26 · EIN 95-4446454	Advisory (Participants)	$9,030
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 26 · EIN 36-4319587	Advisory (Participants)	$7,171
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2F2G2J2K2R2T3D3F3H

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

$432K

$65 / participant

Recordkeeping$260K60.1%
Investment mgmt$136K31.5%
Other / not subdivided$36K8.4%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA. P.C.
Auditor EIN: 135381590
Audit fees: $36,177
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,040

$145,513+5.9%

$184,256-16.4%

$99,313+55.1%

Participation rate

77.9%

90.3%-12.4pp

86.8%-9.0pp

71.7%+6.2pp

Annual return

15.81%

21.25%-5.4pp

28.85%-13.0pp

17.67%-1.9pp

Employer contribution / active EE

$3,049

$5,354-43.0%

$6,427-52.6%

$3,264-6.6%

Participant deferral / active EE

$9,282

$8,423+10.2%

$9,133+1.6%

$5,346+73.6%

Admin fee / account holder

$68

$78-12.3%

$13,899-99.5%

$109-37.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$259,641

WEALTHSPIRE ADVISORS LLC4 years

Service code 26 · EIN 13-3831584

Advisory (Participants)

$85,310

BDO USA, LLP9 years

Filed as: BDO USA LLP

Service code 10 · EIN 13-5381590

Accounting

$36,177

CHARLES SCHWAB & CO., INC.5 years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$15,159

LMCG INVESTMENTS LLC4 years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$11,781

AMI BENEFIT PLAN ADMINISTRATORS INC3 years

Filed as: AMI ASSET MANAGEMENT CORP

Service code 26 · EIN 95-4446454

Advisory (Participants)

$9,030

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 26 · EIN 36-4319587

Advisory (Participants)

$7,171

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL

Service code 59

Shareholder Servicing

NFP CORP. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NFP CORP. 401(K) PLAN

Top hat statement on fileNQDC

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