Retirement plan

WEST INSURANCE AGENCY EMPLOYEES PROFIT SHARING/401(K) PLAN

Name: WEST'S INSURANCE AGENCY, INC. - WEST INSURANCE AGENCY EMPLOYEES PROFIT SHARING/401(K) PLAN (2017) Form 5500
Creator: WEST'S INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST INSURANCE AGENCY EMPLOYEES PROFIT SHARING/401(K) PLAN, WEST'S INSURANCE AGENCY, INC.

WEST'S INSURANCE AGENCY, INC.EIN 36-2318873Plan #002PY 2017

778 FRONTAGE ROAD, SUITE 101 - NORTHFIELD, IL 600931209847-501-4622westinsurance.comLinkedIn11-50 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$9K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-5.1% from 2016

Total participants

0.0% from 2016

Average account balance

$81,549

-5.1% from 2016

Annual return

13.75%

+8.19 pp from 2016

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.33M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$373K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1542

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 codes2E2F2J3D

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).
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

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

$433K

$28870 / participant

Other / not subdivided$433K100.0%

% of EOY assets

35.403%

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

$81,549

$171,867-52.6%

$149,721-45.5%

$147,586-44.7%

Participation rate

86.7%

88.2%-1.5pp

87.1%-0.4pp

82.8%+3.8pp

Annual return

13.75%

2113.36%-2099.6pp

1501.67%-1487.9pp

578.59%-564.8pp

Employer contribution / active EE

$8,089

$6,275+28.9%

$5,444+48.6%

$4,876+65.9%

Participant deferral / active EE

$4,544

$7,270-37.5%

$6,568-30.8%

$5,439-16.4%

Admin fee / account holder

$28,870

$13,799+109.2%

$11,282+155.9%

$10,886+165.2%

WEST INSURANCE AGENCY EMPLOYEES PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST INSURANCE AGENCY EMPLOYEES PROFIT SHARING/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