Retirement plan

INSIGHT BENEFITS MANAGEMENT, INC. PROFIT SHARING & 401(K) PLAN

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

INSIGHT BENEFITS MANAGEMENT, INC.EIN 75-2866659Plan #002PY 2020

8445 FREEPORT PARKWAY, SUITE 650 - IRVING, TX 75063972-393-5605insightmgt.comLinkedIn1-10 employeesmanagement consulting

Other plans on this EIN

1 filing

#001Retirement-$2.5M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1M

+19.9% from 2019

Total participants

0.0% from 2019

Average account balance

$259,798

+19.9% from 2019

Annual return

10.59%

-13.87 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$385K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+12.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$259,798

$165,399+57.1%

$149,745+73.5%

$158,982+63.4%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

10.59%

348.34%-337.7pp

276.72%-266.1pp

302.99%-292.4pp

Employer contribution / active EE

$3,202

$5,105-37.3%

$4,646-31.1%

$4,763-32.8%

Participant deferral / active EE

$23,833

$7,183+231.8%

$6,843+248.3%

$5,983+298.3%

Admin fee / account holder

$10,811-100.0%

$9,312-100.0%

$11,252-100.0%

INSIGHT BENEFITS MANAGEMENT, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

INSIGHT BENEFITS MANAGEMENT, INC. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion