Retirement plan

CURTIS MILLER INSURANCE AGENCY, INC. SAFE HARBOR 401K PLAN

Name: CURTIS MILLER INSURANCE AGENCY, INC. - CURTIS MILLER INSURANCE AGENCY, INC. SAFE HARBOR 401K PLAN (2022) Form 5500
Creator: CURTIS MILLER INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CURTIS MILLER INSURANCE AGENCY, INC. SAFE HARBOR 401K PLAN, CURTIS MILLER INSURANCE AGENCY, INC.

CURTIS MILLER INSURANCE AGENCY, INC.EIN 55-0763827Plan #001PY 2022

1800 BLIZZARD DRIVE - PARKERSBURG, WV 26101304-485-6431curtismillerins.comLinkedIn1-10 employeesinsurance

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4M

+2.6% from 2021

Total participants

+11.1% from 2021

Average account balance

$401,618

-7.7% from 2021

Annual return

-1.23%

-24.20 pp from 2021

Benchmarks

See 35,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,209 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.87M

Not enough data

1 years with asset history on file

Average account balance

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

$541K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+9.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2333

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 codes2G2J3D

Plan features

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.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$401,618

$167,522+139.7%

$151,639+164.9%

$134,532+198.5%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

81.2%+18.8pp

Annual return

-1.23%

7.81%-9.0pp

3.34%-4.6pp

418.27%-419.5pp

Employer contribution / active EE

$6,125

$6,828-10.3%

$6,165-0.7%

$4,741+29.2%

Participant deferral / active EE

$8,695

$8,986-3.2%

$8,363+4.0%

$6,401+35.8%

Admin fee / account holder

$13,780-100.0%

$11,613-100.0%

$11,429-100.0%

CURTIS MILLER INSURANCE AGENCY, INC. SAFE HARBOR 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CURTIS MILLER INSURANCE AGENCY, INC. SAFE HARBOR 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion