Retirement plan

INTERMOUNTAIN CLAIMS, INC. EMPLOYEES SAVINGS TRUST

Name: INTERMOUNTAIN CLAIMS INC. - INTERMOUNTAIN CLAIMS, INC. EMPLOYEES SAVINGS TRUST (2023) Form 5500
Creator: INTERMOUNTAIN CLAIMS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERMOUNTAIN CLAIMS, INC. EMPLOYEES SAVINGS TRUST, INTERMOUNTAIN CLAIMS INC.

INTERMOUNTAIN CLAIMS INC.EIN 82-0360635Plan #001PY 2023

340 EAST CLARK STREET SUITE B-1 - POCATELLO, ID 83204208-234-1713intermountainclaims.comLinkedIn51-200 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.5M

+24.6% from 2022

Total participants

128

+0.8% from 2022

Average account balance

$92,934

+25.8% from 2022

Annual return

19.53%

+32.45 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.42M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

64.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$755K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$450

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$31,235
EDWARD JONES1 year Service code 27 · EIN 43-0345811	Advisory (Plan)	$19,929
PENSION PLAN SPECIALISTS, PC2 years Filed as: PENSION PLAN SPECIALISTS PC Service code 13	Contract Administrator	$3,954
PENSION PLAN SPECIALISTS, PC2 years Filed as: PENSION PLAN SPECIALISTS Service code 13 · EIN 26-1570786	Contract Administrator	$1,500
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2J2K3D2E2T

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$33K

$309 / participant

Contract admin$33K100.0%

% of EOY assets

0.345%

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: DEATON & COMPANY
Auditor EIN: 820338741
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,934

$130,294-28.7%

$170,043-45.3%

$71,511+30.0%

Participation rate

75.5%

86.2%-10.7pp

87.0%-11.5pp

67.9%+7.5pp

Annual return

19.53%

20.36%-0.8pp

53.40%-33.9pp

28.86%-9.3pp

Employer contribution / active EE

$2,602

$4,385-40.7%

$6,790-61.7%

$2,589+0.5%

Participant deferral / active EE

$4,880

$6,928-29.5%

$10,410-53.1%

$4,291+13.7%

Admin fee / account holder

$321

$966-66.8%

$12,824-97.5%

$1,588-79.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$31,235

EDWARD JONES1 year

Service code 27 · EIN 43-0345811

Advisory (Plan)

$19,929

PENSION PLAN SPECIALISTS, PC2 years

Filed as: PENSION PLAN SPECIALISTS PC

Service code 13

Contract Administrator

$3,954

PENSION PLAN SPECIALISTS, PC2 years

Filed as: PENSION PLAN SPECIALISTS

Service code 13 · EIN 26-1570786

Contract Administrator

$1,500

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

INTERMOUNTAIN CLAIMS, INC. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERMOUNTAIN CLAIMS, INC. EMPLOYEES SAVINGS TRUST

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