Retirement plan

ISMIE MUTUAL INSURANCE COMPANY 401(K) PLAN

Name: ISMIE MUTUAL INSURANCE COMPANY - ISMIE MUTUAL INSURANCE COMPANY 401(K) PLAN (2022) Form 5500
Creator: ISMIE MUTUAL INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ISMIE MUTUAL INSURANCE COMPANY 401(K) PLAN, ISMIE MUTUAL INSURANCE COMPANY

ISMIE MUTUAL INSURANCE COMPANYEIN 36-2883612Plan #001PY 2022

20 NORTH MICHIGAN AVENUE, SUITE 700 - CHICAGO, IL 606024822312-551-2375ismie.comLinkedIn201-500 employeesinsurance

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$100.2M

-17.3% from 2021

Total participants

283

+0.7% from 2021

Average account balance

$354,069

-17.9% from 2021

Annual return

-15.20%

-26.05 pp from 2021

Benchmarks

See 2,163 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,163 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$110.53M

Not enough data

1 years with asset history on file

Average account balance

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

$453K

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.

244

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$368

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 3 by compensation

Provider	Service type	Compensation
HPM PARTNERS4 years Service code 27 · EIN 35-2467663	Advisory (Plan)	$76,077
PRUDENTIAL RETIREMENT INSURANCE AND5 years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT Service code 50 · EIN 13-4122960	Direct Payment	$10,721
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: PRUDENTIAL RETIREMENT INSURANCE Service code 13 · EIN 06-1050034	Contract Administrator	$8,081

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$83K

$413 / participant

Investment mgmt$76K91.6%
Other / not subdivided$7K8.4%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$354,069

$102,661+244.9%

$151,628+133.5%

$66,930+429.0%

Participation rate

100.0%

85.5%+14.5pp

87.5%+12.5pp

69.8%+30.2pp

Annual return

-15.20%

-10.81%-4.4pp

3.34%-18.5pp

1.57%-16.8pp

Employer contribution / active EE

$8,937

$4,184+113.6%

$6,165+45.0%

$2,545+251.2%

Participant deferral / active EE

$11,586

$6,645+74.3%

$8,363+38.5%

$4,238+173.4%

Admin fee / account holder

$293

$630-53.5%

$11,613-97.5%

$593-50.6%

Provider

Service type

Compensation

HPM PARTNERS4 years

Service code 27 · EIN 35-2467663

Advisory (Plan)

$76,077

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT

Service code 50 · EIN 13-4122960

Direct Payment

$10,721

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: PRUDENTIAL RETIREMENT INSURANCE

Service code 13 · EIN 06-1050034

Contract Administrator

$8,081

ISMIE MUTUAL INSURANCE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ISMIE MUTUAL INSURANCE COMPANY 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