Retirement plan

UTICA MUTUAL INSURANCE COMPANY EMPLOYEE PROFIT SHARING AND INVESTMENT PLAN

Name: UTICA MUTUAL INSURANCE COMPANY - UTICA MUTUAL INSURANCE COMPANY EMPLOYEE PROFIT SHARING AND INVESTMENT PLAN (2020) Form 5500
Creator: UTICA MUTUAL INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTICA MUTUAL INSURANCE COMPANY EMPLOYEE PROFIT SHARING AND INVESTMENT PLAN, UTICA MUTUAL INSURANCE COMPANY

UTICA MUTUAL INSURANCE COMPANYEIN 15-0476880Plan #001PY 2020

180 GENESEE STREET - NEW HARTFORD, NY 134132299315-734-2000LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$442.6M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$287.6M

-5.7% from 2016

Total participants

1,790

+9.5% from 2016

Average account balance

$162,298

-5.3% from 2016

Annual return

13.65%

-7.80 pp from 2016

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$347.77M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

1,975

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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
THE VANGUARD GROUP, INC.6+ years Service code 15 · EIN 23-1945930	Recordkeeping	$223,114
T.H. FITZGERALD1 year Filed as: FITZGERALD, DEPIERT & WOGNAS, CPA'S Service code 27 · EIN 16-1163912	Advisory (Plan)	$20,554
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 10 · EIN 26-0058143	Accounting	$12,950
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD IAM OPERATING ACCOUNT Service code 16 · EIN 23-1945930	Consulting	$7,661

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$259K

$200 / participant

Other / not subdivided$259K100.0%

% of EOY assets

0.090%

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: FITZGERALD, DEPIETRO & WOJNAS, CPAS
Auditor EIN: 161163912
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$162,298

$110,699+46.6%

$177,839-8.7%

$90,274+79.8%

Participation rate

98.6%

88.3%+10.3pp

87.7%+10.9pp

73.4%+25.3pp

Annual return

13.65%

22.79%-9.1pp

48.33%-34.7pp

53.97%-40.3pp

Employer contribution / active EE

$4,484

$4,118+8.9%

$5,919-24.2%

$2,523+77.7%

Participant deferral / active EE

$6,735

$6,7310%

$7,714-12.7%

$4,231+59.2%

Admin fee / account holder

$146

$90+62.5%

$12,432-98.8%

$114+28.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$223,114

T.H. FITZGERALD1 year

Filed as: FITZGERALD, DEPIERT & WOGNAS, CPA'S

Service code 27 · EIN 16-1163912

Advisory (Plan)

$20,554

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 10 · EIN 26-0058143

Accounting

$12,950

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD IAM OPERATING ACCOUNT

Service code 16 · EIN 23-1945930

Consulting

$7,661

UTICA MUTUAL INSURANCE COMPANY EMPLOYEE PROFIT SHARING AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UTICA MUTUAL INSURANCE COMPANY EMPLOYEE PROFIT SHARING AND INVESTMENT 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