Retirement plan

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Name: NAMED FIDUCIARIES OF THE PENSION PLAN FOR INSURANCE ORGANIZATIONS - THE PENSION PLAN FOR INSURANCE ORGANIZATIONS (2024) Form 5500
Creator: NAMED FIDUCIARIES OF THE PENSION PLAN FOR INSURANCE ORGANIZATIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PENSION PLAN FOR INSURANCE ORGANIZATIONS, NAMED FIDUCIARIES OF THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

NAMED FIDUCIARIES OF THE PENSION PLAN FOR INSURANCE ORGANIZATIONSEIN 27-0131295Plan #001PY 2024

C/O REGINA C. REARDON PLAN ADMIN, 3031B WALTON ROAD - PLYMOUTH MEETING, PA 19462610-941-6969

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$1109.6M

-3.8% from 2016

Total participants

7,840

+2.1% from 2016

Average account balance

No prior year

Annual return

2.47%

-9.17 pp from 2016

Benchmarks

See 102 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort102 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.11B

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

6,037

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+2.47%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC6 years Filed as: WILLIS TOWERS WATSON US Service code 11 · EIN 53-0181291	Actuarial	$1,403,900
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$823,801
EDGEWOOD MANAGEMENT LLC4 years Filed as: EDGEWOOD PARTNERS INS Service code 22 · EIN 94-3195221	Insurance Broker	$366,940
LARRY HELLER6 years Service code 20 · EIN 05-3405873	Trustee (individual); Direct payment ...	$303,439
KLINGMAN & ASSOCIATES, LLC1 year Filed as: KLINGMAN AND ASSOCIATES, Service code 21 · EIN 06-1612508	Bank Trustee	$298,785
REGINA C REARDON PC5 years Service code 29 · EIN 23-2876869	Legal	$194,745
STEVEN WEISBART4 years Service code 20 · EIN 14-9340839	Direct payment from the plan; Trustee...	$181,650
JOHN OGLE4 years Service code 20 · EIN 20-7506507	Trustee (individual); Direct payment ...	$132,836
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632	Advisory (Plan)	$90,854
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTONLARSONALLEN,LLP Service code 10 · EIN 41-0746748	Accounting	$77,700

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C2X

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$5.0M

$2776 / participant

Recordkeeping$12K0.2%
Trustee / custodial$1M22.2%
Investment mgmt$474K9.5%
Legal$281K5.6%
Actuarial$1M28.0%
Contract admin$824K16.5%
Other / not subdivided$899K18.0%

% of EOY assets

0.451%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $77,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$325,553-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

2.47%

5.34%-2.9pp

9.17%-6.7pp

9.30%-6.8pp

Employer contribution / active EE

$10,653

$9,329+14.2%

$40,523-73.7%

$12,551-15.1%

Participant deferral / active EE

$267-100.0%

$42-100.0%

$2,867-100.0%

Admin fee / account holder

$17,411-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC6 years

Filed as: WILLIS TOWERS WATSON US

Service code 11 · EIN 53-0181291

Actuarial

$1,403,900

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$823,801

EDGEWOOD MANAGEMENT LLC4 years

Filed as: EDGEWOOD PARTNERS INS

Service code 22 · EIN 94-3195221

Insurance Broker

$366,940

LARRY HELLER6 years

Service code 20 · EIN 05-3405873

Trustee (individual); Direct payment ...

$303,439

KLINGMAN & ASSOCIATES, LLC1 year

Filed as: KLINGMAN AND ASSOCIATES,

Service code 21 · EIN 06-1612508

Bank Trustee

$298,785

REGINA C REARDON PC5 years

Service code 29 · EIN 23-2876869

Legal

$194,745

STEVEN WEISBART4 years

Service code 20 · EIN 14-9340839

Direct payment from the plan; Trustee...

$181,650

JOHN OGLE4 years

Service code 20 · EIN 20-7506507

Trustee (individual); Direct payment ...

$132,836

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP

Service code 27 · EIN 61-1758632

Advisory (Plan)

$90,854

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTONLARSONALLEN,LLP

Service code 10 · EIN 41-0746748

Accounting

$77,700

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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