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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$2.7M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.3M

-5.7% from 2021

Total participants

0.0% from 2021

Average account balance

$322,626

-5.7% from 2021

Annual return

-12.30%

-36.27 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

$322,626

$138,114+133.6%

$125,391+157.3%

$134,545+139.8%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-12.30%

750.88%-763.2pp

572.41%-584.7pp

418.37%-430.7pp

Employer contribution / active EE

$5,120

$5,246-2.4%

$4,816+6.3%

$4,742+8.0%

Participant deferral / active EE

$24,833

$7,801+218.3%

$7,448+233.4%

$6,401+287.9%

Admin fee / account holder

$11,570-100.0%

$10,009-100.0%

$11,431-100.0%

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