Retirement plan

CLEAR BLUE EMPLOYEE RETIREMENT PLAN PR

Name: CLEAR BLUE INSURANCE SERVICES PR LLC - CLEAR BLUE EMPLOYEE RETIREMENT PLAN PR (2021) Form 5500
Creator: CLEAR BLUE INSURANCE SERVICES PR LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEAR BLUE EMPLOYEE RETIREMENT PLAN PR, CLEAR BLUE INSURANCE SERVICES PR LLC

CLEAR BLUE INSURANCE SERVICES PR LLCEIN 66-0845501Plan #001PY 2021

B7 TABONUCO ST, SUITE 912 - GUAYNABO, PR 00968787-339-2046

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1M

+43.7% from 2020

Total participants

+6.3% from 2020

Average account balance

-100.0% from 2020

Annual return

15.93%

-11.31 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.14M

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.

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.

148.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$512K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+26.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1334

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 codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$44K

$1574 / participant

Other / not subdivided$44K100.0%

% of EOY assets

4.404%

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

$137,414-100.0%

$189,537-100.0%

$85,847-100.0%

Participation rate

0.0%

84.6%-84.6pp

87.8%-87.8pp

69.3%-69.3pp

Annual return

15.93%

38.14%-22.2pp

555.34%-539.4pp

318.61%-302.7pp

Employer contribution / active EE

$2,900

$4,344-33.2%

$6,161-52.9%

$2,565+13.1%

Participant deferral / active EE

$5,176

$6,260-17.3%

$8,220-37.0%

$3,952+31.0%

Admin fee / account holder

$8,630-100.0%

$12,048-100.0%

$6,261-100.0%

CLEAR BLUE EMPLOYEE RETIREMENT PLAN PR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEAR BLUE EMPLOYEE RETIREMENT PLAN PR

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