Retirement plan

PMI MORTGAGE INSURANCE CO. SAVINGS AND PROFIT SHARING PLAN

Name: PMI MORTGAGE INSURANCE CO. - PMI MORTGAGE INSURANCE CO. SAVINGS AND PROFIT SHARING PLAN (2024) Form 5500
Creator: PMI MORTGAGE INSURANCE CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PMI MORTGAGE INSURANCE CO. SAVINGS AND PROFIT SHARING PLAN, PMI MORTGAGE INSURANCE CO.

PMI MORTGAGE INSURANCE CO.EIN 94-2208266Plan #001PY 2024

3003 OAK ROAD, SUITE 300 - WALNUT CREEK, CA 94597800-676-4764pmi-us.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$38.6M

+5.8% from 2023

Total participants

145

-8.2% from 2023

Average account balance

$266,278

+15.3% from 2023

Annual return

13.77%

-2.04 pp from 2023

Benchmarks

See 37,126 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,126 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.61M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

145

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$250K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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 2 by compensation

Provider	Service type	Compensation
WITHUMSMITHANDBROWN, PC1 year Service code 50 P.O. BOX 5340 · PRINCETON, NJ 08543	Direct Payment	$20,800
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$7,753

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

2 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$29K

$3674 / participant

Recordkeeping$8K26.4%
Other / not subdivided$22K73.6%

% of EOY assets

0.076%

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: WITHUM SMITH + BROWN, PC
Auditor EIN: 222027092
Audit fees: $840
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$266,278

$201,344+32.3%

$184,243+44.5%

$145,877+82.5%

Participation rate

100.0%

87.5%+12.5pp

86.8%+13.2pp

80.3%+19.7pp

Annual return

13.77%

29.01%-15.2pp

28.82%-15.0pp

551.28%-537.5pp

Employer contribution / active EE

$7,368

$7,022+4.9%

$6,427+14.6%

$4,663+58.0%

Participant deferral / active EE

$23,846

$9,807+143.2%

$9,132+161.1%

$6,691+256.4%

Admin fee / account holder

$203

$16,382-98.8%

$13,914-98.5%

$13,402-98.5%

Provider

Service type

Compensation

WITHUMSMITHANDBROWN, PC1 year

Service code 50

P.O. BOX 5340 · PRINCETON, NJ 08543

Direct Payment

$20,800

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$7,753

PMI MORTGAGE INSURANCE CO. SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PMI MORTGAGE INSURANCE CO. SAVINGS AND 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