Retirement plan

PIONEER STATE MUTUAL INSURANCE CO. 401(K) PLAN

Name: PIONEER STATE MUTUAL INSURANCE CO. - PIONEER STATE MUTUAL INSURANCE CO. 401(K) PLAN (2020) Form 5500
Creator: PIONEER STATE MUTUAL INSURANCE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIONEER STATE MUTUAL INSURANCE CO. 401(K) PLAN, PIONEER STATE MUTUAL INSURANCE CO.

PIONEER STATE MUTUAL INSURANCE CO.EIN 38-1067100Plan #002PY 2020

1510 NORTH ELMS ROAD - FLINT, MI 48532810-733-2300psmic.comLinkedIn51-200 employeesinsurance

Prospect flagsHigh assets / participant

Top hat statement on fileNQDC

Filed July 16, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$50.8M

+20.8% from 2019

Total participants

164

-1.8% from 2019

Average account balance

$311,785

+23.8% from 2019

Annual return

18.12%

-4.89 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.11M

Not enough data

1 years with asset history on file

Average account balance

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

$353K

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.

162

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-95

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
PLANTE & MORAN, PLLC5 years Filed as: PLANTE MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$10,000
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,294
NAMIC INS. AGENCY5 years Service code 22 · EIN 35-1469772	Insurance Broker	$5,125
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$25

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$21K

$141 / participant

Investment mgmt$6K29.4%
Other / not subdivided$15K70.6%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$311,785

$136,307+128.7%

$177,848+75.3%

$73,497+324.2%

Participation rate

99.3%

86.1%+13.2pp

87.7%+11.6pp

70.7%+28.7pp

Annual return

18.12%

18.68%-0.6pp

48.33%-30.2pp

28.51%-10.4pp

Employer contribution / active EE

$10,285

$3,712+177.1%

$5,919+73.8%

$2,270+353.1%

Participant deferral / active EE

$6,923

$5,829+18.8%

$7,714-10.3%

$3,740+85.1%

Admin fee / account holder

$132

$596-77.9%

$12,431-98.9%

$513-74.4%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC5 years

Filed as: PLANTE MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$10,000

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,294

NAMIC INS. AGENCY5 years

Service code 22 · EIN 35-1469772

Insurance Broker

$5,125

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$25

PIONEER STATE MUTUAL INSURANCE CO. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIONEER STATE MUTUAL INSURANCE CO. 401(K) PLAN

Top hat statement on fileNQDC

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