Retirement plan

HOMESTEADERS LIFE CO. 401(K) RETIREMENT PLAN

Name: HOMESTEADERS LIFE CO. - HOMESTEADERS LIFE CO. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: HOMESTEADERS LIFE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOMESTEADERS LIFE CO. 401(K) RETIREMENT PLAN, HOMESTEADERS LIFE CO.

HOMESTEADERS LIFE CO.EIN 42-0316600Plan #002PY 2021

5700 WESTOWN PARKWAY - WEST DES MOINES, IA 50266515-440-7707homesteaderslife.comLinkedIn51-200 employeesinsurance

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$50.8M

+7.8% from 2020

Total participants

302

+10.6% from 2020

Average account balance

$171,681

-1.7% from 2020

Annual return

11.89%

-5.66 pp from 2020

Benchmarks

See 1,509 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,509 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.09M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

418

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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 10 of 11 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$134,914
LPL FINANCIAL1 year Filed as: LPL FINANCIAL - RP Service code 27 · EIN 04-3046611	Advisory (Plan)	$37,846
SAGEPOINT FINANCIAL INC5 years Filed as: FSC SECURITIES CORPORATION Service code 27 · EIN 58-1288674	Advisory (Plan)	$9,291
AMERICAN FUNDS5 years Service code 52 · EIN 66-0793788	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS5 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
JANUS HENDERSON5 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
PIMCO FUNDS5 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.5 years Filed as: VANGUARD Service code 52 · EIN 23-1999755	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$182K

$687 / participant

Investment mgmt$175K96.4%
Contract admin$7K3.6%

% of EOY assets

0.358%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RMS US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,681

$111,491+54.0%

$189,537-9.4%

$86,821+97.7%

Participation rate

97.7%

87.3%+10.4pp

87.8%+9.9pp

72.3%+25.4pp

Annual return

11.89%

83.50%-71.6pp

555.34%-543.4pp

97.94%-86.0pp

Employer contribution / active EE

$3,796

$3,951-3.9%

$6,161-38.4%

$2,406+57.8%

Participant deferral / active EE

$7,567

$6,437+17.6%

$8,220-7.9%

$4,132+83.2%

Admin fee / account holder

$615

$189+226.0%

$12,048-94.9%

$170+262.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$134,914

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL - RP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$37,846

SAGEPOINT FINANCIAL INC5 years

Filed as: FSC SECURITIES CORPORATION

Service code 27 · EIN 58-1288674

Advisory (Plan)

$9,291

AMERICAN FUNDS5 years

Service code 52 · EIN 66-0793788

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS5 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

JANUS HENDERSON5 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

PIMCO FUNDS5 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE VANGUARD GROUP, INC.5 years

Filed as: VANGUARD

Service code 52 · EIN 23-1999755

Indirect Investment Fees

HOMESTEADERS LIFE CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMESTEADERS LIFE CO. 401(K) RETIREMENT 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