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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$4.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

+1.9% from 2022

Total participants

-13.3% from 2022

Average account balance

$63,189

+17.6% from 2022

Annual return

13.36%

+27.42 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$442K

$17681 / participant

Other / not subdivided$442K100.0%

% of EOY assets

26.904%

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

$63,189

$125,797-49.8%

$170,057-62.8%

$75,177-15.9%

Participation rate

100.0%

83.6%+16.4pp

87.0%+13.0pp

67.2%+32.8pp

Annual return

13.36%

27.20%-13.8pp

53.42%-40.1pp

160.75%-147.4pp

Employer contribution / active EE

$4,340

$4,616-6.0%

$6,790-36.1%

$2,671+62.5%

Participant deferral / active EE

$5,973

$6,838-12.7%

$10,411-42.6%

$4,126+44.7%

Admin fee / account holder

$17,001

$8,177+107.9%

$12,826+32.5%

$5,651+200.8%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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

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