Retirement plan

R.W. MONTGOMERY INSURANCE SERVICES 401(K) PROFIT SHARING PLAN AND TRUST

Name: R.W. MONTGOMERY INSURANCE SERVICES - R.W. MONTGOMERY INSURANCE SERVICES 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: R.W. MONTGOMERY INSURANCE SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.W. MONTGOMERY INSURANCE SERVICES 401(K) PROFIT SHARING PLAN AND TRUST, R.W. MONTGOMERY INSURANCE SERVICES

R.W. MONTGOMERY INSURANCE SERVICESEIN 20-5488482Plan #001PY 2020

5500 MING AVENUE, SUITE 270 - BAKERSFIELD, CA 93309661-832-9311LinkedIn1-10 employeesinsurance

Prospect flagsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$266K

+14.7% from 2019

Total participants

0.0% from 2019

Average account balance

$132,995

+14.7% from 2019

Annual return

14.75%

+11.80 pp from 2019

Benchmarks

See 32,161 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,161 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$496K

Not enough data

1 years with asset history on file

Average account balance

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

$248K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2A3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$132,995

$197,594-32.7%

$177,822-25.2%

$158,931-16.3%

Participation rate

100.0%

88.5%+11.5pp

87.7%+12.3pp

82.0%+18.0pp

Annual return

14.75%

58.76%-44.0pp

48.32%-33.6pp

302.86%-288.1pp

Employer contribution / active EE

$6,697-100.0%

$5,918-100.0%

$4,761-100.0%

Participant deferral / active EE

$8,405-100.0%

$7,714-100.0%

$5,982-100.0%

Admin fee / account holder

$15,400-100.0%

$12,428-100.0%

$11,247-100.0%

R.W. MONTGOMERY INSURANCE SERVICES 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

R.W. MONTGOMERY INSURANCE SERVICES 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion