Retirement plan

CH INSURANCE BROKERAGE SERVICES CO., INC. 401K PROFIT SHARING PLAN

Name: CH INSURANCE BROKER SERVICES CO., INC. - CH INSURANCE BROKERAGE SERVICES CO., INC. 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: CH INSURANCE BROKER SERVICES CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CH INSURANCE BROKERAGE SERVICES CO., INC. 401K PROFIT SHARING PLAN, CH INSURANCE BROKER SERVICES CO., INC.

CH INSURANCE BROKER SERVICES CO., INC.EIN 16-1363572Plan #001PY 2017

100 MADISON STREET, SUITE 100 - SYRACUSE, NY 13202315-552-5332

Other plans on this EIN

1 filing

#003Retirement-$1.1M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.2M

+29.3% from 2016

Total participants

+3.1% from 2016

Average account balance

$102,800

+29.3% from 2016

Annual return

22.78%

+9.57 pp from 2016

Benchmarks

See 30,803 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,803 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.89M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

190.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$443K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4547

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 codes2E2F2G2J2T3D3H

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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$38K

$1656 / participant

Other / not subdivided$38K100.0%

% of EOY assets

1.195%

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

$102,800

$171,865-40.2%

$149,718-31.3%

$147,585-30.3%

Participation rate

91.3%

88.2%+3.1pp

87.1%+4.2pp

82.8%+8.5pp

Annual return

22.78%

2113.29%-2090.5pp

1501.67%-1478.9pp

578.56%-555.8pp

Employer contribution / active EE

$6,902

$6,275+10.0%

$5,445+26.8%

$4,876+41.5%

Participant deferral / active EE

$1,468

$7,270-79.8%

$6,569-77.6%

$5,439-73.0%

Admin fee / account holder

$1,229

$13,799-91.1%

$11,283-89.1%

$10,885-88.7%

CH INSURANCE BROKERAGE SERVICES CO., INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CH INSURANCE BROKERAGE SERVICES CO., INC. 401K PROFIT SHARING 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