Retirement plan

EMPLOYER'S CLAIM MANAGEMENT 401(K) PROFIT SHARING PLAN AND TRUST

Name: EMPLOYERS CLAIM MANAGEMENT, INC. - EMPLOYER'S CLAIM MANAGEMENT 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: EMPLOYERS CLAIM MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYER'S CLAIM MANAGEMENT 401(K) PROFIT SHARING PLAN AND TRUST, EMPLOYERS CLAIM MANAGEMENT, INC.

EMPLOYERS CLAIM MANAGEMENT, INC.EIN 63-1034984Plan #001PY 2020

PO BOX 5614 - MONTGOMERY, AL 36103334-277-9395

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$6.4M

+11.5% from 2019

Total participants

-2.1% from 2019

Average account balance

$142,009

+16.4% from 2019

Annual return

10.65%

-12.30 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.89M

Not enough data

1 years with asset history on file

Average account balance

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

$175K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5240

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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$156K

$3722 / participant

Other / not subdivided$156K100.0%

% of EOY assets

2.446%

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

$142,009

$123,793+14.7%

$177,848-20.2%

$79,856+77.8%

Participation rate

95.2%

84.7%+10.6pp

87.7%+7.5pp

69.6%+25.6pp

Annual return

10.65%

22.82%-12.2pp

48.33%-37.7pp

31.71%-21.1pp

Employer contribution / active EE

$4,095-100.0%

$5,919-100.0%

$2,471-100.0%

Participant deferral / active EE

$3,441

$5,956-42.2%

$7,714-55.4%

$3,741-8.0%

Admin fee / account holder

$3,474

$7,243-52.0%

$12,431-72.1%

$5,306-34.5%

EMPLOYER'S CLAIM MANAGEMENT 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYER'S CLAIM MANAGEMENT 401(K) PROFIT SHARING PLAN AND TRUST

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