Retirement plan

INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN

Name: INVESTORS TITLE INSURANCE CO. - INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN (2017) Form 5500
Creator: INVESTORS TITLE INSURANCE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN, INVESTORS TITLE INSURANCE CO.

INVESTORS TITLE INSURANCE CO.EIN 56-0997685Plan #001PY 2017

121 N. COLUMBIA STREET - CHAPEL HILL, NC 27514919-968-2200LinkedIn1-10 employeesinsurance

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$25.5M

+32.3% from 2016

Total participants

452

+4.6% from 2016

Average account balance

$57,153

+25.5% from 2016

Annual return

21.04%

+9.38 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.96M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

823

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$83,468
LPL FINANCIAL1 year Service code 27 · EIN 04-3046611	Advisory (Plan)	$31,733
RSM US LLP2 years Service code 10 · EIN 42-0714325	Accounting	$9,500
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
LAZARD ASSET MANAGEMENT1 year Filed as: LAZARD Service code 52 · EIN 13-3777242	Indirect Investment Fees	$0
MAINSTAY1 year Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NEUBERGER BERMAN1 year Service code 52 · EIN 13-6068441	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$93K

$237 / participant

Investment mgmt$76K81.7%
Contract admin$4K4.7%
Other / not subdivided$13K13.6%

% of EOY assets

0.365%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,153

$81,537-29.9%

$149,721-61.8%

$69,631-17.9%

Participation rate

98.5%

86.1%+12.3pp

87.1%+11.4pp

70.7%+27.8pp

Annual return

21.04%

22.79%-1.7pp

1501.67%-1480.6pp

27571.02%-27550.0pp

Employer contribution / active EE

$3,710

$3,239+14.5%

$5,444-31.9%

$2,032+82.6%

Participant deferral / active EE

$4,961

$4,994-0.7%

$6,568-24.5%

$3,224+53.9%

Admin fee / account holder

$208

$107+95.1%

$11,282-98.2%

$110+88.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$83,468

LPL FINANCIAL1 year

Service code 27 · EIN 04-3046611

Advisory (Plan)

$31,733

RSM US LLP2 years

Service code 10 · EIN 42-0714325

Accounting

$9,500

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

LAZARD ASSET MANAGEMENT1 year

Filed as: LAZARD

Service code 52 · EIN 13-3777242

Indirect Investment Fees

MAINSTAY1 year

Service code 52 · EIN 52-2206685

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NEUBERGER BERMAN1 year

Service code 52 · EIN 13-6068441

Indirect Investment Fees

INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INVESTORS TITLE COMPANY AND AFFILIATES 401(K) 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