Retirement plan

MOODY INSURANCE AGENCY, INC 401(K) & PROFIT SHARING PLAN

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

MOODY INSURANCE AGENCY, INCEIN 84-0622206Plan #001PY 2017

8055 E TUFTS AVENUE, SUITE 1000 - DENVER, CO 80237303-824-6633moodyagencyiowa.comLinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.7M

+4.6% from 2016

Total participants

129

+5.7% from 2016

Average account balance

$70,280

-1.3% from 2016

Annual return

11.75%

+13.56 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.63M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

186

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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 4 by compensation

Provider	Service type	Compensation
WAKEFIELD ASSET MANAGEMENT1 year Filed as: WAKEFIELD ASSET MANAGEMENT LLP Service code 27 · EIN 20-8251802	Advisory (Plan)	$46,583
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$13,325
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 33 · EIN 82-0543156	Securities brokerage; Direct payment ...	$6,906
SHERMAN & HOWARD1 year Filed as: SHERMAN AND HOWARD LLC Service code 29 633 17TH STREET · DENVER, CO 80202	Legal	$5,568

Plan features & details

Pension benefit codes2S2E3D2H2J2K2F2T3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$717 / participant

Investment mgmt$47K64.4%
Contract admin$13K18.4%
Other / not subdivided$12K17.2%

% of EOY assets

0.831%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STRATAGEM, PC
Auditor EIN: 271239580
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,280

$89,739-21.7%

$149,721-53.1%

$62,293+12.8%

Participation rate

95.0%

85.1%+9.9pp

87.1%+8.0pp

69.5%+25.5pp

Annual return

11.75%

21.01%-9.3pp

1501.67%-1489.9pp

28.90%-17.1pp

Employer contribution / active EE

$2,970

$3,233-8.1%

$5,444-45.4%

$2,042+45.4%

Participant deferral / active EE

$5,480

$4,797+14.2%

$6,568-16.6%

$3,169+72.9%

Admin fee / account holder

$584

$551+5.9%

$11,282-94.8%

$479+21.8%

Provider

Service type

Compensation

WAKEFIELD ASSET MANAGEMENT1 year

Filed as: WAKEFIELD ASSET MANAGEMENT LLP

Service code 27 · EIN 20-8251802

Advisory (Plan)

$46,583

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$13,325

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 33 · EIN 82-0543156

Securities brokerage; Direct payment ...

$6,906

SHERMAN & HOWARD1 year

Filed as: SHERMAN AND HOWARD LLC

Service code 29

633 17TH STREET · DENVER, CO 80202

Legal

$5,568

MOODY INSURANCE AGENCY, INC 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOODY INSURANCE AGENCY, INC 401(K) & PROFIT SHARING 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