Retirement plan

AMK INSURANCE AGENCY, INC. 401-K PROFIT SHARING PLAN

Name: AMK INSURANCE AGENCY, INC. - AMK INSURANCE AGENCY, INC. 401-K PROFIT SHARING PLAN (2018) Form 5500
Creator: AMK INSURANCE AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMK INSURANCE AGENCY, INC. 401-K PROFIT SHARING PLAN, AMK INSURANCE AGENCY, INC.

AMK INSURANCE AGENCY, INC.EIN 77-0317865Plan #001PY 2018

6855 VIA DEL ORO - SAN JOSE, CA 95119408-224-9101amkinsurance.comLinkedIn1-10 employeesinsurance

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$407K

+31.3% from 2017

Total participants

-7.1% from 2017

Average account balance

$40,733

-21.2% from 2017

Annual return

-1.21%

-4.03 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5571

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 codes2E2F2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$40,733

$160,059-74.6%

$140,019-70.9%

$135,380-69.9%

Participation rate

76.9%

88.5%-11.6pp

87.5%-10.6pp

82.6%-5.7pp

Annual return

-1.21%

911.48%-912.7pp

651.17%-652.4pp

519.81%-521.0pp

Employer contribution / active EE

$2,271

$6,420-64.6%

$5,605-59.5%

$4,779-52.5%

Participant deferral / active EE

$5,495

$7,641-28.1%

$6,927-20.7%

$5,609-2.0%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,828-100.0%

AMK INSURANCE AGENCY, INC. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

AMK INSURANCE AGENCY, INC. 401-K PROFIT SHARING 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