Retirement plan

NATIONAL FIRE ADJUSTMENT COMPANY MONEY PURCHASE PLAN

Name: NATIONAL FIRE ADJUSTMENT COMPANY, INC. - NATIONAL FIRE ADJUSTMENT COMPANY MONEY PURCHASE PLAN (2021) Form 5500
Creator: NATIONAL FIRE ADJUSTMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL FIRE ADJUSTMENT COMPANY MONEY PURCHASE PLAN, NATIONAL FIRE ADJUSTMENT COMPANY, INC.

NATIONAL FIRE ADJUSTMENT COMPANY, INC.EIN 16-0978385Plan #003PY 2021

ONE NFA PARK - AMHERST, NY 14228716-689-7700

Other plans on this EIN

1 filing

#004Retirement-$7.6M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+7.1% from 2020

Total participants

+1.3% from 2020

Average account balance

$58,263

+5.8% from 2020

Annual return

11.13%

-0.32 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.42M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

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.

133.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5455

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C3D2G2F2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$481K

$8739 / participant

Other / not subdivided$481K100.0%

% of EOY assets

10.312%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,263

$137,414-57.6%

$189,545-69.3%

$85,851-32.1%

Participation rate

100.0%

84.6%+15.4pp

87.8%+12.2pp

69.3%+30.7pp

Annual return

11.13%

38.14%-27.0pp

555.36%-544.2pp

318.63%-307.5pp

Employer contribution / active EE

$5,556

$4,344+27.9%

$6,162-9.8%

$2,565+116.6%

Participant deferral / active EE

$6,260-100.0%

$8,220-100.0%

$3,952-100.0%

Admin fee / account holder

$6,008

$8,630-30.4%

$12,049-50.1%

$6,261-4.0%

NATIONAL FIRE ADJUSTMENT COMPANY MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL FIRE ADJUSTMENT COMPANY MONEY PURCHASE 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