Retirement plan

IAT INSURANCE GROUP, INC. PROFIT SHARING / 41(K) PLAN

Name: IAT INSURANCE GROUP INC. - IAT INSURANCE GROUP, INC. PROFIT SHARING / 41(K) PLAN (2018) Form 5500
Creator: IAT INSURANCE GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IAT INSURANCE GROUP, INC. PROFIT SHARING / 41(K) PLAN, IAT INSURANCE GROUP INC.

IAT INSURANCE GROUP INC.EIN 56-1171691Plan #003PY 2018

702 OBERLIN RD - RALEIGH, NC 276051102919-831-8170iatinsurancegroup.comLinkedIn501-1000 employeesinsurance

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$107.6M

-1.8% from 2016

Total participants

1,012

-8.6% from 2016

Average account balance

$107,504

+7.7% from 2016

Annual return

-3.88%

-6.47 pp from 2016

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$287.88M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

1,482

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	-$61,916

Plan features & details

Pension benefit codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: JOHNSON LAMBERT LLP
Auditor EIN: 521446779
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,504

$80,005+34.4%

$140,019-23.2%

$55,727+92.9%

Participation rate

98.5%

87.0%+11.5pp

87.5%+11.0pp

70.9%+27.7pp

Annual return

-3.88%

0.46%-4.3pp

651.19%-655.1pp

244.94%-248.8pp

Employer contribution / active EE

$7,845

$3,403+130.6%

$5,605+40.0%

$2,078+277.5%

Participant deferral / active EE

$8,228

$5,264+56.3%

$6,927+18.8%

$3,356+145.2%

Admin fee / account holder

-$71

$116-161.8%

$10,705-100.7%

$115-162.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$61,916

IAT INSURANCE GROUP, INC. PROFIT SHARING / 41(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IAT INSURANCE GROUP, INC. PROFIT SHARING / 41(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