Retirement plan

INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN

Name: INVESTORS TITLE INSURANCE CO. - INVESTORS TITLE COMPANY AND AFFILIATES 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$49.7M

+21.7% from 2020

Total participants

688

+21.1% from 2020

Average account balance

$80,420

+6.3% from 2020

Annual return

17.46%

-1.80 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

$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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 52 · EIN 84-0467907	Indirect Investment Fees	$150,732
RPA FINANCIAL, LLC3 years Filed as: RPA FINANCIAL, INC. Service code 27 · EIN 83-1143379	Advisory (Plan)	$65,225
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN EDWARDS Service code 10 · EIN 54-0504608	Accounting	$14,395
RSM US LLP6 years Service code 10 · EIN 54-0504608	Accounting	$6,000
DIMENSIONAL FUND ADVISORS5 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 22-2725700	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT5 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NEUBERGER BERMAN5 years Service code 52 · EIN 13-6068441	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$241K

$422 / participant

Investment mgmt$203K84.1%
Contract admin$6K2.4%
Other / not subdivided$33K13.5%

% of EOY assets

0.486%

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: BROWN, EDWARDS & COMPANY, L.L.P.
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,420

$111,491-27.9%

$189,537-57.6%

$86,821-7.4%

Participation rate

87.8%

87.3%+0.5pp

87.8%0pp

72.3%+15.5pp

Annual return

17.46%

83.50%-66.0pp

555.34%-537.9pp

97.94%-80.5pp

Employer contribution / active EE

$3,369

$3,951-14.7%

$6,161-45.3%

$2,406+40.0%

Participant deferral / active EE

$5,177

$6,437-19.6%

$8,220-37.0%

$4,132+25.3%

Admin fee / account holder

$391

$189+107.0%

$12,048-96.8%

$170+130.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 52 · EIN 84-0467907

Indirect Investment Fees

$150,732

RPA FINANCIAL, LLC3 years

Filed as: RPA FINANCIAL, INC.

Service code 27 · EIN 83-1143379

Advisory (Plan)

$65,225

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN EDWARDS

Service code 10 · EIN 54-0504608

Accounting

$14,395

RSM US LLP6 years

Service code 10 · EIN 54-0504608

Accounting

$6,000

DIMENSIONAL FUND ADVISORS5 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 22-2725700

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT5 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NEUBERGER BERMAN5 years

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