Retirement plan

WEBB INSURANCE AGENCY, INC. 401(K) PLAN AND TRUST

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

WEBB INSURANCE AGENCY, INC.EIN 34-4387490Plan #003PY 2022

212 WEST HIGH STREET - LIMA, OH 45801419-228-3211webbinsagency.comLinkedIn11-50 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$4.3M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.6M

+0.9% from 2021

Total participants

0.0% from 2021

Average account balance

$53,728

+0.9% from 2021

Annual return

-14.07%

-25.03 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.01M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

104.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$244K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3626

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 codes2E2G2J3D

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.
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.

Opportunity flags

0 tripped

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

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

$53,728

$110,083-51.2%

$151,645-64.6%

$68,490-21.6%

Participation rate

100.0%

84.0%+16.0pp

87.5%+12.5pp

67.9%+32.1pp

Annual return

-14.07%

-10.12%-3.9pp

3.34%-17.4pp

-7.85%-6.2pp

Employer contribution / active EE

$3,244

$4,470-27.4%

$6,165-47.4%

$2,597+24.9%

Participant deferral / active EE

$5,002

$6,526-23.4%

$8,363-40.2%

$4,028+24.2%

Admin fee / account holder

$7,718-100.0%

$11,614-100.0%

$5,403-100.0%

WEBB INSURANCE AGENCY, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

WEBB INSURANCE AGENCY, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion