Retirement plan

SAGICOR LIFE INSURANCE COMPANY RETIREMENT SAVINGS PLAN

Name: SAGICOR LIFE INSURANCE COMPANY - SAGICOR LIFE INSURANCE COMPANY RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: SAGICOR LIFE INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAGICOR LIFE INSURANCE COMPANY RETIREMENT SAVINGS PLAN, SAGICOR LIFE INSURANCE COMPANY

SAGICOR LIFE INSURANCE COMPANYEIN 74-1915841Plan #001PY 2017

4343 N. SCOTTSDALE ROAD, SUITE 300 - SCOTTSDALE, AZ 85251480-425-5100sagicor.comLinkedIn51-200 employeesinsurance

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.1M

+16.8% from 2016

Total participants

202

-1.0% from 2016

Average account balance

$80,768

+12.1% from 2016

Annual return

15.96%

+7.21 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

$23.12M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

180

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$994

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 3 by compensation

Provider	Service type	Compensation
HENRY & HORNE, LLP1 year Filed as: HENRY + HORNE Service code 10 · EIN 86-0133881	Accounting	$8,000
PENSION ASSURANCE LLP3+ years Filed as: KB PENSION SERVICES, INC. Service code 15 · EIN 65-0721164 9423 TOWN CENTER PARKWAY · SARASOTA, FL 34202	Recordkeeping	$4,128
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$2,144

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$86 / participant

Contract admin$14K100.0%

% of EOY assets

0.102%

all-in expense ratio

Categories reported

1 / 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: HENRY & HORNE, LLP
Auditor EIN: 860133881
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,768

$89,739-10.0%

$149,721-46.1%

$62,293+29.7%

Participation rate

83.0%

85.1%-2.1pp

87.1%-4.0pp

69.5%+13.5pp

Annual return

15.96%

21.01%-5.0pp

1501.67%-1485.7pp

28.90%-12.9pp

Employer contribution / active EE

$2,334

$3,233-27.8%

$5,444-57.1%

$2,042+14.3%

Participant deferral / active EE

$4,939

$4,797+3.0%

$6,568-24.8%

$3,169+55.9%

Admin fee / account holder

$82

$551-85.1%

$11,282-99.3%

$479-82.9%

Provider

Service type

Compensation

HENRY & HORNE, LLP1 year

Filed as: HENRY + HORNE

Service code 10 · EIN 86-0133881

Accounting

$8,000

PENSION ASSURANCE LLP3+ years

Filed as: KB PENSION SERVICES, INC.

Service code 15 · EIN 65-0721164

9423 TOWN CENTER PARKWAY · SARASOTA, FL 34202

Recordkeeping

$4,128

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$2,144

SAGICOR LIFE INSURANCE COMPANY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAGICOR LIFE INSURANCE COMPANY RETIREMENT 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