Retirement plan

UNIVERSAL PROPERTY & CASUALTY 401(K) PROFIT SHARING PLAN

Name: UNIVERSAL PROPERTY & CASUALTY - UNIVERSAL PROPERTY & CASUALTY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: UNIVERSAL PROPERTY & CASUALTY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSAL PROPERTY & CASUALTY 401(K) PROFIT SHARING PLAN, UNIVERSAL PROPERTY & CASUALTY

UNIVERSAL PROPERTY & CASUALTYEIN 65-0789077Plan #001PY 2020

1110 WEST COMMERCIAL BLVD - FORT LAUDERDALE, FL 33309954-958-1200

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$41.2M

+24.6% from 2019

Total participants

1,000

+12.9% from 2019

Average account balance

$50,372

+11.4% from 2019

Annual return

14.72%

-6.65 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82.73M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

1,106

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.78M

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$19,835
ADP BROKER-DEALER6+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
MORGAN STANLEY SMITH BARNEY6+ years Service code 49 715 BLOOM STREET STE 120 · CELEBRATION, FL 34747	Other Services	$0
TD AMERITRADE, INC.5 years Service code 33 · EIN 82-0543156	Distribution (12b-1) fees; Securities...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$24 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,372

$111,608-54.9%

$177,840-71.7%

$73,412-31.4%

Participation rate

78.3%

87.9%-9.6pp

87.7%-9.5pp

72.2%+6.1pp

Annual return

14.72%

18.23%-3.5pp

48.32%-33.6pp

59.30%-44.6pp

Employer contribution / active EE

$3,060

$3,796-19.4%

$5,919-48.3%

$2,234+37.0%

Participant deferral / active EE

$4,790

$6,199-22.7%

$7,714-37.9%

$3,806+25.9%

Admin fee / account holder

$24

$166-85.4%

$12,431-99.8%

$158-84.6%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$19,835

ADP BROKER-DEALER6+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

MORGAN STANLEY SMITH BARNEY6+ years

Service code 49

715 BLOOM STREET STE 120 · CELEBRATION, FL 34747

Other Services

TD AMERITRADE, INC.5 years

Service code 33 · EIN 82-0543156

Distribution (12b-1) fees; Securities...

UNIVERSAL PROPERTY & CASUALTY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSAL PROPERTY & CASUALTY 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