Retirement plan

TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING

Name: TIS INSURANCE SERVICES, INC. - TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING (2017) Form 5500
Creator: TIS INSURANCE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING, TIS INSURANCE SERVICES, INC.

TIS INSURANCE SERVICES, INC.EIN 62-0426847Plan #001PY 2017

1900 WINSTON RD, SUITE 100 - KNOXVILLE, TN 37919865-691-4847tisins.comLinkedIn51-200 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17M

+19.8% from 2016

Total participants

169

-4.0% from 2016

Average account balance

$105,179

+24.2% from 2016

Annual return

17.08%

+10.38 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.34M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

115

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$906K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$902

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$46,785
TENNESSEE PENSION ADMINISTRATORS3+ years Service code 13 · EIN 62-1757444	Contract Administrator	$17,292
AMERICAN FUNDS3+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$2,200
CLAYTON FINANCIAL GROUP, LLC2 years Filed as: CLAYTON BANK AND TRUST Service code 99 520 W SUMMIT HILL DR STE 801 · KNOXVILLE, TN 37902	Other Fees	$1,372

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$99K

$707 / participant

Investment mgmt$79K79.9%
Contract admin$20K20.1%

% of EOY assets

0.581%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

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: PUGH & COMPANY
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,179

$89,739+17.2%

$149,716-29.7%

$62,293+68.8%

Participation rate

95.0%

85.1%+9.9pp

87.1%+7.9pp

69.5%+25.5pp

Annual return

17.08%

21.01%-3.9pp

1501.67%-1484.6pp

28.90%-11.8pp

Employer contribution / active EE

$2,298

$3,233-28.9%

$5,444-57.8%

$2,042+12.5%

Participant deferral / active EE

$5,155

$4,797+7.5%

$6,568-21.5%

$3,169+62.7%

Admin fee / account holder

$611

$551+10.8%

$11,282-94.6%

$479+27.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$46,785

TENNESSEE PENSION ADMINISTRATORS3+ years

Service code 13 · EIN 62-1757444

Contract Administrator

$17,292

AMERICAN FUNDS3+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$2,200

CLAYTON FINANCIAL GROUP, LLC2 years

Filed as: CLAYTON BANK AND TRUST

Service code 99

520 W SUMMIT HILL DR STE 801 · KNOXVILLE, TN 37902

Other Fees

$1,372

TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIS INSURANCE SERVICES, INC. 401(K) PROFIT SHARING

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