Retirement plan

HIGH STREET INSURANCE PARTNERS 401(K) PLAN

Name: HIGH STREET INSURANCE PARTNERS, INC. - HIGH STREET INSURANCE PARTNERS 401(K) PLAN (2024) Form 5500
Creator: HIGH STREET INSURANCE PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH STREET INSURANCE PARTNERS 401(K) PLAN, HIGH STREET INSURANCE PARTNERS, INC.

HIGH STREET INSURANCE PARTNERS, INC.EIN 83-0860475Plan #001PY 2024

601 FIFTH STREET NW, SUITE 500 - GRAND RAPIDS, MI 49504616-465-2181

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$147.5M

+32.8% from 2023

Total participants

2,495

+18.2% from 2023

Average account balance

$71,855

+13.6% from 2023

Annual return

25.76%

-94.39 pp from 2023

Benchmarks

See 610 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort610 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$147.52M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

2,053

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.

79.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.45M

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

+25.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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

See the 3-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$273,965
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$64,850
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$64,645
CARON & BLETZER, PLLC2 years Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$41,400
FIDUCIENT ADVISORS LLC3+ years Service code 27 500 WEST MADISON STREET · CHICAGO, IL 60661	Advisory (Plan)	$37,688
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER FINANCIAL SERVICES,INC. Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Shareholder servicing fees; Securitie...	$50

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$418K

$193 / participant

Recordkeeping$418K100.0%

% of EOY assets

0.283%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,855

$122,693-41.4%

$184,203-61.0%

$199,593-64.0%

Participation rate

79.6%

86.8%-7.2pp

72.0%+7.6pp

Annual return

25.76%

143.91%-118.2pp

28.81%-3.1pp

34.25%-8.5pp

Employer contribution / active EE

$2,743

$4,584-40.2%

$6,427-57.3%

$3,034-9.6%

Participant deferral / active EE

$5,308

$7,990-33.6%

$9,131-41.9%

$5,087+4.4%

Admin fee / account holder

$204

$121+68.9%

$13,901-98.5%

$269-24.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$273,965

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$64,850

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$64,645

CARON & BLETZER, PLLC2 years

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$41,400

FIDUCIENT ADVISORS LLC3+ years

Service code 27

500 WEST MADISON STREET · CHICAGO, IL 60661

Advisory (Plan)

$37,688

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER FINANCIAL SERVICES,INC.

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Shareholder servicing fees; Securitie...

$50

HIGH STREET INSURANCE PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH STREET INSURANCE PARTNERS 401(K) PLAN

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