Retirement plan

HCC INSURANCE HOLDINGS, INC. 401(K) PLAN

Name: HCC INSURANCE HOLDINGS, INC. - HCC INSURANCE HOLDINGS, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsFailed to transmit contributions

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)

$428.3M

+2.1% from 2018

Total participants

3,126

-0.4% from 2018

Average account balance

$157,989

+2.3% from 2018

Annual return

18.71%

+21.54 pp from 2018

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$291,012
USI CONSULTING GROUP2 years Filed as: USI ADVISORS, INC. Service code 27 · EIN 06-1397347	Advisory (Plan)	$75,000
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 38 · EIN 04-1590850	Participant Communication	$8,164
HAM, LANGSTON & BREZINA, LLP4+ years Service code 10 · EIN 76-0448495	Accounting	$7,750
AMERICAN FUNDS4+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK4+ years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
EATON VANCE4+ years Service code 52 · EIN 13-2706484	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4+ years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
HARRIS4+ years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO4+ years Service code 52 · EIN 76-0343427	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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$382K

$154 / participant

Investment mgmt$328K85.9%
Contract admin$38K9.9%
Other / not subdivided$16K4.2%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

2 / 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 & BREZINA, LLP
Auditor EIN: 760448495
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,989

$110,699+42.7%

$177,839-11.2%

$90,274+75.0%

Participation rate

83.3%

88.3%-5.1pp

87.7%-4.4pp

73.4%+9.9pp

Annual return

18.71%

22.79%-4.1pp

48.33%-29.6pp

53.97%-35.3pp

Employer contribution / active EE

$3,742

$4,118-9.1%

$5,919-36.8%

$2,523+48.3%

Participant deferral / active EE

$7,217

$6,731+7.2%

$7,714-6.4%

$4,231+70.6%

Admin fee / account holder

$141

$90+56.5%

$12,432-98.9%

$114+23.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$291,012

USI CONSULTING GROUP2 years

Filed as: USI ADVISORS, INC.

Service code 27 · EIN 06-1397347

Advisory (Plan)

$75,000

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 38 · EIN 04-1590850

Participant Communication

$8,164

HAM, LANGSTON & BREZINA, LLP4+ years

Service code 10 · EIN 76-0448495

Accounting

$7,750

AMERICAN FUNDS4+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK4+ years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

EATON VANCE4+ years

Service code 52 · EIN 13-2706484

Indirect Investment Fees

FRANKLIN TEMPLETON4+ years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

HARRIS4+ years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO4+ years

Service code 52 · EIN 76-0343427

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