Retirement plan

HOMETOWN INSURANCE GROUP, INC. 401(K) PROFIT SHARING PLAN

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

HOMETOWN INSURANCE GROUP, INC.EIN 39-1961899Plan #001PY 2022

432 WEST RYAN STREET - BRILLION, WI 54110920-756-5333

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$1.7M

-11.1% from 2021

Total participants

+28.6% from 2021

Average account balance

$214,869

-22.2% from 2021

Annual return

-14.24%

-29.18 pp from 2021

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.56M

Not enough data

1 years with asset history on file

Average account balance

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

$320K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$174 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.091%

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

$214,869

$167,533+28.3%

$151,645+41.7%

$134,545+59.7%

Participation rate

88.9%

88.4%+0.5pp

87.5%+1.4pp

81.2%+7.7pp

Annual return

-14.24%

7.81%-22.1pp

3.34%-17.6pp

418.37%-432.6pp

Employer contribution / active EE

$1,362

$6,828-80.1%

$6,165-77.9%

$4,742-71.3%

Participant deferral / active EE

$5,358

$8,985-40.4%

$8,363-35.9%

$6,401-16.3%

Admin fee / account holder

$196

$13,781-98.6%

$11,614-98.3%

$11,431-98.3%

HOMETOWN INSURANCE GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMETOWN INSURANCE GROUP, INC. 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