Retirement plan

MERIDIAN TITLE CORPORATION EMPLOYEE'S SAVINGS AND PROFIT SHARING PLAN

Name: MERIDIAN TITLE COMPANY, LLC DBA MERIDIAN TITLE CORPORATION - MERIDIAN TITLE CORPORATION EMPLOYEE'S SAVINGS AND PROFIT SHARING PLAN (2024) Form 5500
Creator: MERIDIAN TITLE COMPANY, LLC DBA MERIDIAN TITLE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERIDIAN TITLE CORPORATION EMPLOYEE'S SAVINGS AND PROFIT SHARING PLAN, MERIDIAN TITLE COMPANY, LLC DBA MERIDIAN TITLE CORPORATION

MERIDIAN TITLE COMPANY, LLC DBA MERIDIAN TITLE CORPORATIONEIN 35-0134643Plan #002PY 2024

202 S MICHIGAN ST STE 701 - SOUTH BEND, IN 46601574-232-5845

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$13M

+5.4% from 2023

Total participants

269

-14.3% from 2023

Average account balance

$52,562

+26.3% from 2023

Annual return

12.00%

-4.64 pp from 2023

Benchmarks

See 1,094 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,094 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.98M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

247

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$887K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
WHALEROCK POINT PARTNERS LLC2 years Service code 27 1 TURKS HEAD PL STE 1400 · PROVIDENCE, RI 02903	Advisory (Plan)	$50,371
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 15 · EIN 13-3689044	Recordkeeping	$28,892
RSM US LLP1 year Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$18,480
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 11-3658445	Advisory (Plan)	$7,680
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA SERVICES INC Service code 13 701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604	Contract Administrator	$1,416
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$323

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$107K

$531 / participant

Recordkeeping$29K27.0%
Investment mgmt$58K54.5%
Contract admin$1K1.3%
Other / not subdivided$18K17.2%

% of EOY assets

0.825%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: $18,480
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,562

$73,360-28.4%

$177,989-70.5%

$74,495-29.4%

Participation rate

89.1%

66.6%+22.5pp

77.1%+12.0pp

67.2%+21.9pp

Annual return

12.00%

17.49%-5.5pp

294.48%-282.5pp

1364.94%-1352.9pp

Employer contribution / active EE

$665

$2,216-70.0%

$3,949-83.2%

$2,623-74.7%

Participant deferral / active EE

$3,728

$4,513-17.4%

$6,276-40.6%

$4,346-14.2%

Admin fee / account holder

$434

$1,808-76.0%

$10,363-95.8%

$1,942-77.7%

Provider

Service type

Compensation

WHALEROCK POINT PARTNERS LLC2 years

Service code 27

1 TURKS HEAD PL STE 1400 · PROVIDENCE, RI 02903

Advisory (Plan)

$50,371

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 15 · EIN 13-3689044

Recordkeeping

$28,892

RSM US LLP1 year

Filed as: MCGLADREY LLP

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$18,480

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 11-3658445

Advisory (Plan)

$7,680

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA SERVICES INC

Service code 13

701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604

Contract Administrator

$1,416

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$323

MERIDIAN TITLE CORPORATION EMPLOYEE'S SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERIDIAN TITLE CORPORATION EMPLOYEE'S SAVINGS AND PROFIT SHARING 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