Retirement plan

ACRISURE 401(K) SAVINGS PLAN

Name: ACRISURE, LLC - ACRISURE 401(K) SAVINGS PLAN (2019) Form 5500
Creator: ACRISURE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACRISURE 401(K) SAVINGS PLAN, ACRISURE, LLC

ACRISURE, LLCEIN 26-3554645Plan #025PY 2019

5664 PRAIRIE CREEK DRIVE SE, PO BOX 1788 - CALEDONIA, MI 49316616-541-1203acrisure.comLinkedIn10001+ employeesfinancial services

Other plans on this EIN

3 filings

#016Retirement-$3.6M assets #001Retirement-$2.7M assets #018Retirement--

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$343.8M

-81.9% from 2017

Total participants

5,676

-59.8% from 2017

Average account balance

$78,592

-39.2% from 2017

Annual return

49.65%

-427.92 pp from 2017

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.13B

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

10,615

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.

73.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+31.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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 2 by compensation

Provider	Service type	Compensation
CHESME CAPITAL MANAGEMENT4+ years Filed as: CHESME INC. DBA CHESME CAPITAL MGMT Service code 27 · EIN 20-0061957	Advisory (Plan)	$589,009
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6202081	Recordkeeping	$451,923

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$208 / participant

Investment mgmt$589K56.6%
Other / not subdivided$452K43.4%

% of EOY assets

0.303%

all-in expense ratio

Categories reported

1 / 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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,592

$95,776-17.9%

$162,185-51.5%

$77,775+1.1%

Participation rate

73.9%

88.6%-14.7pp

87.6%-13.6pp

73.2%+0.7pp

Annual return

49.65%

37.03%+12.6pp

115.61%-66.0pp

32.58%+17.1pp

Employer contribution / active EE

$2,105

$3,874-45.7%

$5,613-62.5%

$2,504-15.9%

Participant deferral / active EE

$5,327

$6,125-13.0%

$7,297-27.0%

$3,966+34.3%

Admin fee / account holder

$238

$88+171.4%

$10,844-97.8%

$100+137.8%

Provider

Service type

Compensation

CHESME CAPITAL MANAGEMENT4+ years

Filed as: CHESME INC. DBA CHESME CAPITAL MGMT

Service code 27 · EIN 20-0061957

Advisory (Plan)

$589,009

ALERUS FINANCIAL, N.A.4+ years

Service code 15 · EIN 45-6202081

Recordkeeping

$451,923

ACRISURE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACRISURE 401(K) SAVINGS 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