Retirement plan

CONTINENTAL INSURANCE GROUP, LTD 401(K) PROFIT SHARING PLAN

Name: CONTINENTAL INSURANCE GROUP, LTD - CONTINENTAL INSURANCE GROUP, LTD 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CONTINENTAL INSURANCE GROUP, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTINENTAL INSURANCE GROUP, LTD 401(K) PROFIT SHARING PLAN, CONTINENTAL INSURANCE GROUP, LTD

CONTINENTAL INSURANCE GROUP, LTDEIN 37-1781514Plan #001PY 2022

11001 LAKELINE BLVD, SUITE 120 - AUSTIN, TX 78717212-339-5175LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.5M

No prior year

Total participants

232

No prior year

Average account balance

$45,080

No prior year

Annual return

-17.60%

No prior year

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

$14.62M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

259

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$44,516
PENSIONMARK FINANCIAL GROUP LLC1+ years Service code 27 · EIN 61-1758632	Advisory (Plan)	$32,067
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: RETIREMENT PLAN SOLUTIONS Service code 13 PO BOX 593 · HOLLIDAYSBURG, PA 16648	Contract Administrator	$6,690

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

3 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.
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

$86K

$435 / participant

Investment mgmt$42K48.6%
Other / not subdivided$44K51.4%

% of EOY assets

1.017%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,080

$102,661-56.1%

$151,628-70.3%

$66,930-32.6%

Participation rate

77.8%

85.5%-7.8pp

87.5%-9.7pp

69.8%+8.0pp

Annual return

-17.60%

-10.81%-6.8pp

3.34%-20.9pp

1.57%-19.2pp

Employer contribution / active EE

$2,681

$4,184-35.9%

$6,165-56.5%

$2,545+5.4%

Participant deferral / active EE

$4,967

$6,645-25.3%

$8,363-40.6%

$4,238+17.2%

Admin fee / account holder

$458

$630-27.3%

$11,613-96.1%

$593-22.8%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$44,516

PENSIONMARK FINANCIAL GROUP LLC1+ years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$32,067

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: RETIREMENT PLAN SOLUTIONS

Service code 13

PO BOX 593 · HOLLIDAYSBURG, PA 16648

Contract Administrator

$6,690

CONTINENTAL INSURANCE GROUP, LTD 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTINENTAL INSURANCE GROUP, LTD 401(K) 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