Retirement plan

EMPLOYEE BENEFIT PLAN OF STROUD MILLER INSURANCE SERVICE INC

Name: STROUD MILLER INSURANCE SERVICE IN C - EMPLOYEE BENEFIT PLAN OF STROUD MILLER INSURANCE SERVICE INC (2017) Form 5500
Creator: STROUD MILLER INSURANCE SERVICE IN C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF STROUD MILLER INSURANCE SERVICE INC, STROUD MILLER INSURANCE SERVICE IN C

STROUD MILLER INSURANCE SERVICE IN CEIN 56-1201461Plan #001PY 2017

PO BOX 756 - WILKESBORO, NC 286970756336-667-9238LinkedIn11-50 employeesinsurance

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$646K

-10.5% from 2016

Total participants

0.0% from 2016

Average account balance

$53,835

-10.5% from 2016

Annual return

12.63%

+11.26 pp from 2016

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10269

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 codes2F2T

Plan features

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).
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$235K

$19617 / participant

Other / not subdivided$235K100.0%

% of EOY assets

36.439%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$53,835

$171,867-68.7%

$149,721-64.0%

$147,586-63.5%

Participation rate

91.7%

88.2%+3.5pp

87.1%+4.6pp

82.8%+8.8pp

Annual return

12.63%

2113.36%-2100.7pp

1501.67%-1489.0pp

578.59%-566.0pp

Employer contribution / active EE

$1,184

$6,275-81.1%

$5,444-78.3%

$4,876-75.7%

Participant deferral / active EE

$4,094

$7,270-43.7%

$6,568-37.7%

$5,439-24.7%

Admin fee / account holder

$19,617

$13,799+42.2%

$11,282+73.9%

$10,886+80.2%

EMPLOYEE BENEFIT PLAN OF STROUD MILLER INSURANCE SERVICE INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF STROUD MILLER INSURANCE SERVICE INC

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