Retirement plan

INTERSTATE RISK INSURANCE SERV 401 K PROFIT SHARING PLAN TRUST

Name: INTERSTATE RISK INSURANCE SERV - INTERSTATE RISK INSURANCE SERV 401 K PROFIT SHARING PLAN TRUST (2016) Form 5500
Creator: INTERSTATE RISK INSURANCE SERV
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERSTATE RISK INSURANCE SERV 401 K PROFIT SHARING PLAN TRUST, INTERSTATE RISK INSURANCE SERV

INTERSTATE RISK INSURANCE SERVEIN 38-3656924Plan #001PY 2016

SERVICES INC, 1800 SUTTER ST STE 777 - CONCORD, CA 945202507925-680-4747iris-ins.comLinkedIn11-50 employeesinsurance

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$794K

-8.1% from 2015

Total participants

-18.2% from 2015

Average account balance

$30,551

-8.1% from 2015

Annual return

5.28%

+7.58 pp from 2015

Benchmarks

See 30,342 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,342 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1239

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 codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$191K

$19134 / participant

Other / not subdivided$191K100.0%

% of EOY assets

24.089%

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

$30,551

$153,769-80.1%

$133,975-77.2%

$273,972-88.8%

Participation rate

90.0%

88.4%+1.6pp

87.1%+2.9pp

83.0%+7.0pp

Annual return

5.28%

36.51%-31.2pp

29.29%-24.0pp

41.46%-36.2pp

Employer contribution / active EE

$5,154

$6,029-14.5%

$5,211-1.1%

$4,869+5.9%

Participant deferral / active EE

$2,417

$6,958-65.3%

$6,282-61.5%

$5,287-54.3%

Admin fee / account holder

$7,359

$11,765-37.4%

$9,324-21.1%

$10,133-27.4%

INTERSTATE RISK INSURANCE SERV 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERSTATE RISK INSURANCE SERV 401 K PROFIT SHARING PLAN TRUST

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