Retirement plan

SIHLE INSURANCE GROUP, INC. SAVINGS PLAN

Name: SIHLE INSURANCE GROUP, INC. - SIHLE INSURANCE GROUP, INC. SAVINGS PLAN (2024) Form 5500
Creator: SIHLE INSURANCE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIHLE INSURANCE GROUP, INC. SAVINGS PLAN, SIHLE INSURANCE GROUP, INC.

SIHLE INSURANCE GROUP, INC.EIN 59-1619274Plan #001PY 2024

1021 DOUGLAS AVENUE - ALTAMONTE SPRINGS, FL 32714407-389-3563sihle.comLinkedIn201-500 employeesinsurance

Prospect flagsLow assets / participantLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5.9M

+18.2% from 2023

Total participants

172

+6.8% from 2023

Average account balance

$36,854

+10.1% from 2023

Annual return

12.18%

-3.46 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

159

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$566K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,927
BISON WEALTH LLC3 years Service code 27 75 14TH STREET STE 2400 · ATLANTA, GA 30309	Advisory (Plan)	$8,689
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO Service code 27 611 E WISCONSIN AVE · MILWAUKEE, WI 53202	Advisory (Plan)	$4,147
CARPENTER MORSE GROUP1 year Service code 13 2170 WEST STATE RD 434 STE 280 · LONGWOOD, FL 32779	Contract Administrator	$1,100
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$938
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 99 1801 CALIFORNIA ST · DENVER, CO 57987	Other Fees	$580

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$22K

$195 / participant

Investment mgmt$13K59.2%
Other / not subdivided$9K40.8%

% of EOY assets

0.370%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: H&CO,LLP
Auditor EIN: 472427769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,854

$122,042-69.8%

$184,260-80.0%

$74,459-50.5%

Participation rate

88.3%

85.5%+2.8pp

86.8%+1.5pp

67.2%+21.1pp

Annual return

12.18%

19.91%-7.7pp

28.84%-16.7pp

1369.70%-1357.5pp

Employer contribution / active EE

$1,244

$4,537-72.6%

$6,427-80.6%

$2,626-52.6%

Participant deferral / active EE

$3,853

$7,143-46.1%

$9,133-57.8%

$4,350-11.4%

Admin fee / account holder

$136

$1,252-89.1%

$13,898-99.0%

$1,945-93.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,927

BISON WEALTH LLC3 years

Service code 27

75 14TH STREET STE 2400 · ATLANTA, GA 30309

Advisory (Plan)

$8,689

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO

Service code 27

611 E WISCONSIN AVE · MILWAUKEE, WI 53202

Advisory (Plan)

$4,147

CARPENTER MORSE GROUP1 year

Service code 13

2170 WEST STATE RD 434 STE 280 · LONGWOOD, FL 32779

Contract Administrator

$1,100

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$938

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 99

1801 CALIFORNIA ST · DENVER, CO 57987

Other Fees

$580

SIHLE INSURANCE GROUP, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIHLE INSURANCE GROUP, INC. SAVINGS 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