Retirement plan

QBE 401(K) SAVINGS PLAN

Name: QBE HOLDINGS, INC. - QBE 401(K) SAVINGS PLAN (2023) Form 5500
Creator: QBE HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QBE 401(K) SAVINGS PLAN, QBE HOLDINGS, INC.

QBE HOLDINGS, INC.EIN 52-1147383Plan #002PY 2023

1 QBE WAY - SUN PRAIRIE, WI 53596608-837-4440

Other plans on this EIN

1 filing

#001Retirement-$153.1M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$730.5M

+15.3% from 2022

Total participants

4,594

+0.5% from 2022

Average account balance

$159,019

+14.7% from 2022

Annual return

17.31%

+31.32 pp from 2022

Benchmarks

See 577 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort577 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$792.01M

Not enough data

1 years with asset history on file

Average account balance

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

$180K

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.

4,410

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.51M

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 13 · EIN 06-1050034	Contract Administrator	$218,003
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 27 · EIN 33-0818667	Advisory (Plan)	$45,000
CLIFTONLARSONALLEN LLP5 years Filed as: CLIFTON LARSON ALLEN LLP Service code 10 · EIN 41-0746749	Accounting	$25,050
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2J2K2E2F2R2T3D

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Expense breakdown

Schedule H Part II

Admin total

$293K

$109 / participant

Investment mgmt$45K15.3%
Contract admin$220K74.9%
Other / not subdivided$29K9.7%

% of EOY assets

0.040%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $25,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,019

$112,686+41.1%

$170,028-6.5%

$80,149+98.4%

Participation rate

100.0%

87.4%+12.6pp

87.0%+13.0pp

72.9%+27.1pp

Annual return

17.31%

67.04%-49.7pp

53.39%-36.1pp

40.39%-23.1pp

Employer contribution / active EE

$8,817

$4,481+96.7%

$6,788+29.9%

$2,977+196.1%

Participant deferral / active EE

$10,421

$7,876+32.3%

$10,409+0.1%

$5,015+107.8%

Admin fee / account holder

$64

$99-35.5%

$12,820-99.5%

$145-55.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$218,003

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 27 · EIN 33-0818667

Advisory (Plan)

$45,000

CLIFTONLARSONALLEN LLP5 years

Filed as: CLIFTON LARSON ALLEN LLP

Service code 10 · EIN 41-0746749

Accounting

$25,050

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

QBE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QBE 401(K) SAVINGS 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