Retirement plan

HCC INSURANCE HOLDINGS, INC. 401(K) PLAN

Name: HCC INSURANCE HOLDINGS, INC. - HCC INSURANCE HOLDINGS, INC. 401(K) PLAN (2017) Form 5500
Creator: HCC INSURANCE HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HCC INSURANCE HOLDINGS, INC. 401(K) PLAN, HCC INSURANCE HOLDINGS, INC.

HCC INSURANCE HOLDINGS, INC.EIN 76-0336636Plan #001PY 2017

13403 NORTHWEST FREEWAY - HOUSTON, TX 77040713-690-7300hcc.comLinkedIn1001-5000 employeesinsurance

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 28, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$282.9M

+2.1% from 2018

Total participants

2,636

-0.4% from 2018

Average account balance

$124,511

+2.3% from 2018

Annual return

18.81%

+21.54 pp from 2018

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$560.56M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

3,582

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

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Service providers

Top 10 of 20 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1+ years Filed as: USI SECURITIES INC Service code 53 · EIN 06-1493970	Insurance Commissions	$115,244
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$48,415
HAM, LANGSTON & BREZINA, LLP1+ years Service code 10 · EIN 76-0448495	Accounting	$15,226
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 38 · EIN 04-1590850	Participant Communication	$9,320
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1+ years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1+ years Filed as: DREYFUS Service code 52 · EIN 13-2641740	Indirect Investment Fees	$0
EATON VANCE1+ years Service code 52 · EIN 13-2706484	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1+ years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
HARRIS1+ years Service code 52 · EIN 04-3276558	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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.

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

$73K

$34 / participant

Contract admin$44K59.6%
Other / not subdivided$29K40.4%

% of EOY assets

0.026%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HAM, LANGSTON AND BREZINA, LLP
Auditor EIN: 760448495
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,511

$89,274+39.5%

$149,721-16.8%

$77,958+59.7%

Participation rate

83.3%

87.6%-4.4pp

87.1%-3.8pp

71.6%+11.6pp

Annual return

18.81%

20.36%-1.6pp

1501.67%-1482.9pp

20.87%-2.1pp

Employer contribution / active EE

$3,266

$3,727-12.4%

$5,444-40.0%

$2,310+41.4%

Participant deferral / active EE

$5,925

$5,382+10.1%

$6,568-9.8%

$3,537+67.5%

Admin fee / account holder

$32

$240-86.6%

$11,282-99.7%

$97-67.0%

Provider

Service type

Compensation

USI CONSULTING GROUP1+ years

Filed as: USI SECURITIES INC

Service code 53 · EIN 06-1493970

Insurance Commissions

$115,244

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$48,415

HAM, LANGSTON & BREZINA, LLP1+ years

Service code 10 · EIN 76-0448495

Accounting

$15,226

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 38 · EIN 04-1590850

Participant Communication

$9,320

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1+ years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1+ years

Filed as: DREYFUS

Service code 52 · EIN 13-2641740

Indirect Investment Fees

EATON VANCE1+ years

Service code 52 · EIN 13-2706484

Indirect Investment Fees

FRANKLIN TEMPLETON1+ years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

HARRIS1+ years

Service code 52 · EIN 04-3276558

Indirect Investment Fees

HCC INSURANCE HOLDINGS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HCC INSURANCE HOLDINGS, INC. 401(K) PLAN

Top hat statement on fileNQDC

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