Retirement plan

GIBSON INSURANCE AGENCY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: GIBSON INSURANCE AGENCY, INC. - GIBSON INSURANCE AGENCY, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: GIBSON INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIBSON INSURANCE AGENCY, INC. EMPLOYEE STOCK OWNERSHIP PLAN, GIBSON INSURANCE AGENCY, INC.

GIBSON INSURANCE AGENCY, INC.EIN 35-1116724Plan #003PY 2017

P.O. BOX 11177 - SOUTH BEND, IN 466340177574-245-3500

Other plans on this EIN

1 filing

#002Retirement-$23.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.9M

+21.4% from 2016

Total participants

130

+2.4% from 2016

Average account balance

$114,472

+18.6% from 2016

Annual return

22.86%

+6.13 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.46M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

190

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$574K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.35%

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CROWE LLP2 years Filed as: CROWE HORWATH LLP Service code 64 · EIN 35-0921680	Recordkeeping Fees	$19,628
BKD, LLP2 years Service code 10 · EIN 44-0160260	Accounting	$12,950
REAGAN COMPANIES ASSET MGMT.1 year Filed as: REAGAN CONSULTING, INC. Service code 34 3495 PIEDMONT ROAD, NE · ATLANTA, GA 30305	Valuation (appraisals, etc.)	$12,500
EMPIRE VALUATION1 year Filed as: EMPIRE VALUATION CONSULTANTS Service code 34 777 CANAL VIEW BLVD STE 200 · ROCHESTER, NY 14623	Valuation (appraisals, etc.)	$7,500

Plan features & details

Pension benefit codes2I2P2Q2K

Plan features

2I
Stock bonus
Stock bonus plan.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$54K

$467 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,472

$89,739+27.6%

$149,721-23.5%

$62,293+83.8%

Participation rate

100.0%

85.1%+14.9pp

87.1%+12.9pp

69.5%+30.5pp

Annual return

22.86%

21.01%+1.8pp

1501.67%-1478.8pp

28.90%-6.0pp

Employer contribution / active EE

$4,890

$3,233+51.3%

$5,444-10.2%

$2,042+139.4%

Participant deferral / active EE

$4,797-100.0%

$6,568-100.0%

$3,169-100.0%

Admin fee / account holder

$413

$551-25.0%

$11,282-96.3%

$479-13.8%

Provider

Service type

Compensation

CROWE LLP2 years

Filed as: CROWE HORWATH LLP

Service code 64 · EIN 35-0921680

Recordkeeping Fees

$19,628

BKD, LLP2 years

Service code 10 · EIN 44-0160260

Accounting

$12,950

REAGAN COMPANIES ASSET MGMT.1 year

Filed as: REAGAN CONSULTING, INC.

Service code 34

3495 PIEDMONT ROAD, NE · ATLANTA, GA 30305

Valuation (appraisals, etc.)

$12,500

EMPIRE VALUATION1 year

Filed as: EMPIRE VALUATION CONSULTANTS

Service code 34

777 CANAL VIEW BLVD STE 200 · ROCHESTER, NY 14623

Valuation (appraisals, etc.)

$7,500

GIBSON INSURANCE AGENCY, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIBSON INSURANCE AGENCY, INC. EMPLOYEE STOCK OWNERSHIP 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