Retirement plan

FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN

Name: FRANKENMUTH MUTUAL INSURANCE CO - FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN (2016) Form 5500
Creator: FRANKENMUTH MUTUAL INSURANCE CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN, FRANKENMUTH MUTUAL INSURANCE CO

FRANKENMUTH MUTUAL INSURANCE COEIN 38-0555290Plan #001PY 2016

1 MUTUAL AVENUE - FRANKENMUTH, MI 48787989-652-6121fmins.comLinkedIn501-1000 employeesinsurance

Other plans on this EIN

1 filing

#002Retirement-$56.4M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed March 3, 2021 (most recent of 4 filings on file)

Plan administrator

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One Mutual Ave

Frankenmuth, MI 47878

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Plans declared (1)

Frankenmuth Insurance Deferred Compensation Plan9 emp

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Total assets (EOY)

$113.6M

+7.3% from 2015

Total participants

768

+3.4% from 2015

Average account balance

$150,029

+4.6% from 2015

Annual return

8.63%

+7.06 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$231.79M

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

1,050

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
OPPENHEIMER2+ years Filed as: OPPENHEIMER & CO., INC. Service code 27 · EIN 13-5657518	Advisory (Plan)	$54,516
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 13 · EIN 06-1050034	Contract Administrator	$15,780
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL NICOLAUS & COMPANY Service code 27 · EIN 43-0538770	Advisory (Plan)	$10,484
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 63 · EIN 13-4122960	12b-1 Fees	$5,025

Plan features & details

Pension benefit codes2E2G2J2R2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$22 / participant

Contract admin$14K100.0%

% of EOY assets

0.013%

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: REHMANN ROBSON, LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,029

$71,802+108.9%

$133,975+12.0%

$57,658+160.2%

Participation rate

98.3%

85.5%+12.8pp

87.1%+11.2pp

70.2%+28.1pp

Annual return

8.63%

13.51%-4.9pp

29.29%-20.7pp

5.13%+3.5pp

Employer contribution / active EE

$3,800

$3,161+20.2%

$5,211-27.1%

$1,974+92.5%

Participant deferral / active EE

$6,229

$4,606+35.2%

$6,282-0.8%

$3,061+103.5%

Admin fee / account holder

$19

$88-78.2%

$9,324-99.8%

$95-79.8%

Provider

Service type

Compensation

OPPENHEIMER2+ years

Filed as: OPPENHEIMER & CO., INC.

Service code 27 · EIN 13-5657518

Advisory (Plan)

$54,516

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$15,780

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL NICOLAUS & COMPANY

Service code 27 · EIN 43-0538770

Advisory (Plan)

$10,484

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 63 · EIN 13-4122960

12b-1 Fees

$5,025

FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANKENMUTH INSURANCE 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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