Retirement plan

UNITED STATES LIABILITY INSURANCE COMPANY 401(K) PLAN

Name: UNITED STATES LIABILITY INSURANCE COMPANY - UNITED STATES LIABILITY INSURANCE COMPANY 401(K) PLAN (2023) Form 5500
Creator: UNITED STATES LIABILITY INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED STATES LIABILITY INSURANCE COMPANY 401(K) PLAN, UNITED STATES LIABILITY INSURANCE COMPANY

UNITED STATES LIABILITY INSURANCE COMPANYEIN 23-1383313Plan #002PY 2023

1190 DEVON PARK DRIVE, P O BOX 6700 - WAYNE, PA 19087610-688-2535LinkedIn11-50 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$242.5M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$68.1M

+26.6% from 2022

Total participants

1,551

+20.1% from 2022

Average account balance

$67,802

+3.4% from 2022

Annual return

21.82%

+38.70 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.74M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

1,281

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 3 by compensation

Provider	Service type	Compensation
THE HAVERFORD TRUST COMPANY5 years Filed as: THE HAVERFORD TRUST CO Service code 27 · EIN 23-2328954	Advisory (Plan)	$85,259
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$76,587
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$11,979

Plan features & details

Pension benefit codes2E2G2J2R3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$174K

$122 / participant

Recordkeeping$77K44.1%
Investment mgmt$97K55.9%

% of EOY assets

0.255%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAILLIE LLP
Auditor EIN: 231518888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,802

$112,686-39.8%

$170,043-60.1%

$80,157-15.4%

Participation rate

61.8%

87.4%-25.6pp

87.0%-25.2pp

72.9%-11.2pp

Annual return

21.82%

67.04%-45.2pp

53.40%-31.6pp

40.39%-18.6pp

Employer contribution / active EE

$4,481-100.0%

$6,790-100.0%

$2,977-100.0%

Participant deferral / active EE

$4,265

$7,876-45.8%

$10,410-59.0%

$5,015-15.0%

Admin fee / account holder

$173

$99+74.5%

$12,824-98.7%

$145+19.3%

Provider

Service type

Compensation

THE HAVERFORD TRUST COMPANY5 years

Filed as: THE HAVERFORD TRUST CO

Service code 27 · EIN 23-2328954

Advisory (Plan)

$85,259

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$76,587

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$11,979

UNITED STATES LIABILITY INSURANCE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED STATES LIABILITY INSURANCE COMPANY 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