Retirement plan

JAMES R. WORRELL, GENERAL AGENT, INC. 401(K) PROFIT SHARING PLAN

Name: JAMES R. WORRELL, GENERAL AGENT, INC. - JAMES R. WORRELL, GENERAL AGENT, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: JAMES R. WORRELL, GENERAL AGENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAMES R. WORRELL, GENERAL AGENT, INC. 401(K) PROFIT SHARING PLAN, JAMES R. WORRELL, GENERAL AGENT, INC.

JAMES R. WORRELL, GENERAL AGENT, INC.EIN 57-0743546Plan #001PY 2015

6235 MORRISON BOULEVARD - CHARLOTTE, NC 28211704-365-2014

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$731K

No prior year

Total participants

No prior year

Average account balance

$24,378

No prior year

Annual return

-0.53%

No prior year

Benchmarks

See 27,820 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort27,820 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.40M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

276.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$232K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16823

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 codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$220 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.541%

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

$24,378

$140,592-82.7%

$123,105-80.2%

$125,389-80.6%

Participation rate

83.3%

88.2%-4.9pp

86.8%-3.4pp

83.2%+0.1pp

Annual return

-0.53%

16.80%-17.3pp

13.22%-13.7pp

282.24%-282.8pp

Employer contribution / active EE

$2,042

$6,041-66.2%

$5,151-60.4%

$4,866-58.0%

Participant deferral / active EE

$4,545

$6,980-34.9%

$6,229-27.0%

$5,352-15.1%

Admin fee / account holder

$132

$11,198-98.8%

$9,014-98.5%

$9,541-98.6%

JAMES R. WORRELL, GENERAL AGENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAMES R. WORRELL, GENERAL AGENT, INC. 401(K) PROFIT SHARING 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