Retirement plan

THE PENSION PLAN FOR INSURANCE ORGANIZATIONS

Name: NAMED FIDUCIARIES OF THE PENSION PLAN FOR INSURANCE ORGANIZATIONS - THE PENSION PLAN FOR INSURANCE ORGANIZATIONS (2020) 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 2020

38-07 GRANT STREET - FAIR LAWN, NJ 07410201-741-7449

Prospect flagsHigh retiree %Low participationLow participant contribution

How to read this page

Total assets (EOY)

$1283.5M

-3.8% from 2016

Total participants

8,117

+2.1% from 2016

Average account balance

No prior year

Annual return

12.47%

-9.17 pp from 2016

Benchmarks

See 128 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort128 peers

Snapshot2020

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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 15 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2 years Filed as: WILLIS TOWERS WATSON US Service code 11 · EIN 53-0181291	Actuarial	$975,620
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$777,750
EPIC RETIREMENT PLAN SERVICES1 year Filed as: EPIC Service code 27 · EIN 94-3195221	Advisory (Plan)	$327,935
GREENBERG TRAURIG6+ years Service code 29 · EIN 13-3613083	Legal	$244,791
LARRY HELLER2 years Service code 31 · EIN 05-3405873	Named fiduciary; Direct payment from ...	$241,875
KLINGMAN & ASSOCIATES, LLC4 years Service code 27 · EIN 06-1612508	Advisory (Plan)	$194,375
REGINA C REARDON PC1 year Service code 29 · EIN 23-2876869	Legal	$168,632
POINTS NORTH5 years Filed as: POINTS NORTH CONSULTING Service code 15 · EIN 41-1791823	Recordkeeping	$131,661
CLIFTONLARSONALLEN LLP3 years Service code 10 · EIN 41-0746748	Accounting	$91,807
GEORGE DODD6+ years Service code 31 · EIN 12-7407886	Direct payment from the plan; Named f...	$78,009

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C

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

3 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.
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

$4.0M

$2230 / participant

Investment mgmt$685K17.0%
Contract admin$913K22.7%
Other / not subdivided$2M60.2%

% of EOY assets

0.313%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$373,805-100.0%

Participation rate

0.0%

0.0%0pp

19.3%-19.3pp

0.0%0pp

Annual return

12.47%

9.48%+3.0pp

9.52%+2.9pp

12.86%-0.4pp

Employer contribution / active EE

$13,172

$12,808+2.8%

$41,951-68.6%

$13,687-3.8%

Participant deferral / active EE

$29-100.0%

$18-100.0%

$833-100.0%

Admin fee / account holder

$1,512-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2 years

Filed as: WILLIS TOWERS WATSON US

Service code 11 · EIN 53-0181291

Actuarial

$975,620

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$777,750

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: EPIC

Service code 27 · EIN 94-3195221

Advisory (Plan)

$327,935

GREENBERG TRAURIG6+ years

Service code 29 · EIN 13-3613083

Legal

$244,791

LARRY HELLER2 years

Service code 31 · EIN 05-3405873

Named fiduciary; Direct payment from ...

$241,875

KLINGMAN & ASSOCIATES, LLC4 years

Service code 27 · EIN 06-1612508

Advisory (Plan)

$194,375

REGINA C REARDON PC1 year

Service code 29 · EIN 23-2876869

Legal

$168,632

POINTS NORTH5 years

Filed as: POINTS NORTH CONSULTING

Service code 15 · EIN 41-1791823

Recordkeeping

$131,661

CLIFTONLARSONALLEN LLP3 years

Service code 10 · EIN 41-0746748

Accounting

$91,807

GEORGE DODD6+ years

Service code 31 · EIN 12-7407886

Direct payment from the plan; Named f...

$78,009

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