Retirement plan

BOWERS INSURANCE SERVICES AGENCY, INC 401(K) PLAN

Name: BOWERS INSURANCE SERVICES AGENCY, INC. - BOWERS INSURANCE SERVICES AGENCY, INC 401(K) PLAN (2022) Form 5500
Creator: BOWERS INSURANCE SERVICES AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOWERS INSURANCE SERVICES AGENCY, INC 401(K) PLAN, BOWERS INSURANCE SERVICES AGENCY, INC.

BOWERS INSURANCE SERVICES AGENCY, INC.EIN 31-1429520Plan #001PY 2022

5108 CEMETERY RD - HILLIARD, OH 430261623614-850-9244bowersisa.comLinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$36K

-93.5% from 2021

Total participants

0.0% from 2021

Average account balance

No prior year

Annual return

-14.17%

-20.23 pp from 2021

Benchmarks

See 35,220 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,220 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$458K

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

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

+19.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$384

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 codes2E2R2J

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$465K

$232500 / participant

Other / not subdivided$465K100.0%

% of EOY assets

1288.446%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$167,504-100.0%

$151,628-100.0%

$134,509-100.0%

Participation rate

0.0%

88.4%-88.4pp

87.5%-87.5pp

81.2%-81.2pp

Annual return

-14.17%

7.81%-22.0pp

3.34%-17.5pp

418.13%-432.3pp

Employer contribution / active EE

$2,162

$6,828-68.3%

$6,165-64.9%

$4,741-54.4%

Participant deferral / active EE

$10,950

$8,985+21.9%

$8,363+30.9%

$6,400+71.1%

Admin fee / account holder

$13,779-100.0%

$11,613-100.0%

$11,427-100.0%

BOWERS INSURANCE SERVICES AGENCY, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOWERS INSURANCE SERVICES AGENCY, INC 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