Retirement plan

AMERICAN INTEGRITY 401(K) PLAN

Name: AMERICAN INTEGRITY INSURANCE GROUP, LLC - AMERICAN INTEGRITY 401(K) PLAN (2018) Form 5500
Creator: AMERICAN INTEGRITY INSURANCE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN INTEGRITY 401(K) PLAN, AMERICAN INTEGRITY INSURANCE GROUP, LLC

AMERICAN INTEGRITY INSURANCE GROUP, LLCEIN 20-5239410Plan #002PY 2018

5426 BAY CENTER DRIVE, FL 6 - TAMPA, FL 336093444813-880-7007aiicfl.comLinkedIn201-500 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.6M

+16.0% from 2017

Total participants

256

+19.6% from 2017

Average account balance

$41,891

-3.1% from 2017

Annual return

2.77%

-29.66 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.21M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

296

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$540

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 10 of 20 by compensation

Provider	Service type	Compensation
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN & BROWN OF FLORIDA, INC. Service code 27 · EIN 59-0691921	Advisory (Plan)	$71,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$45,670
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$16,981
RETIREMENT SOLUTIONS SPECIALISTS1 year Service code 13 · EIN 27-0293282	Contract Administrator	$5,214
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN INTEGRITY INSURANCE Service code 50 · EIN 20-5239410	Direct Payment	$1,000
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$120
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 06-1349805	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Service code 52 · EIN 43-1567889	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

1 tripped

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

$137K

$641 / participant

Investment mgmt$126K92.1%
Contract admin$8K5.8%
Other / not subdivided$3K2.1%

% of EOY assets

1.583%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THOMAS HOWELL FERGUSON
Auditor EIN: 593186310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,891

$79,523-47.3%

$140,019-70.1%

$56,289-25.6%

Participation rate

76.5%

85.7%-9.2pp

87.5%-11.0pp

69.9%+6.7pp

Annual return

2.77%

2.39%+0.4pp

651.17%-648.4pp

-9.96%+12.7pp

Employer contribution / active EE

$2,567

$3,350-23.4%

$5,605-54.2%

$2,111+21.6%

Participant deferral / active EE

$5,190

$5,129+1.2%

$6,927-25.1%

$3,350+54.9%

Admin fee / account holder

$663

$614+8.0%

$10,705-93.8%

$521+27.3%

Provider

Service type

Compensation

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN & BROWN OF FLORIDA, INC.

Service code 27 · EIN 59-0691921

Advisory (Plan)

$71,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$45,670

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$16,981

RETIREMENT SOLUTIONS SPECIALISTS1 year

Service code 13 · EIN 27-0293282

Contract Administrator

$5,214

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN INTEGRITY INSURANCE

Service code 50 · EIN 20-5239410

Direct Payment

$1,000

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$120

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 06-1349805

Indirect Investment Fees

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1567889

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

AMERICAN INTEGRITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN INTEGRITY 401(K) 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