Retirement plan

THE 401(K) PLAN OF ARROWOOD INDEMNITY COMPANY

Name: ARROWOOD INDEMNITY COMPANY - THE 401(K) PLAN OF ARROWOOD INDEMNITY COMPANY (2023) Form 5500
Creator: ARROWOOD INDEMNITY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PLAN OF ARROWOOD INDEMNITY COMPANY, ARROWOOD INDEMNITY COMPANY

ARROWOOD INDEMNITY COMPANYEIN 13-5358230Plan #004PY 2023

3600 ARCO CORPORATE DR, SUITE 150 - CHARLOTTE, NC 28273704-522-2000LinkedIn1-10 employeesinsurance

Prospect flagsHigh assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$147.9M

-6.7% from 2022

Total participants

533

-13.6% from 2022

Average account balance

$279,000

+8.4% from 2022

Annual return

14.92%

+29.55 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$113.36M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

392

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+8.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$44,416
GRANT THORNTON LLP2 years Service code 10 · EIN 36-6055558	Accounting	$35,420

Plan features & details

Pension benefit codes2F2G2J2K2T3H

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.
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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$94K

$1086 / participant

Recordkeeping$59K62.0%
Legal$4750.5%
Other / not subdivided$35K37.5%

% of EOY assets

0.064%

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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: $35,420
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$279,000

$125,797+121.8%

$170,043+64.1%

$75,173+271.1%

Participation rate

96.6%

83.6%+13.0pp

87.0%+9.5pp

67.2%+29.3pp

Annual return

14.92%

27.20%-12.3pp

53.40%-38.5pp

160.72%-145.8pp

Employer contribution / active EE

$7,900

$4,616+71.1%

$6,790+16.4%

$2,671+195.8%

Participant deferral / active EE

$15,944

$6,838+133.2%

$10,410+53.2%

$4,126+286.4%

Admin fee / account holder

$178

$8,177-97.8%

$12,824-98.6%

$5,651-96.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$44,416

GRANT THORNTON LLP2 years

Service code 10 · EIN 36-6055558

Accounting

$35,420

THE 401(K) PLAN OF ARROWOOD INDEMNITY COMPANY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PLAN OF ARROWOOD INDEMNITY COMPANY

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