Retirement plan

MERCURY GENERAL CORPORATION PROFIT SHARING PLAN

Name: MERCURY GENERAL CORPORATION - MERCURY GENERAL CORPORATION PROFIT SHARING PLAN (2017) Form 5500
Creator: MERCURY GENERAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCURY GENERAL CORPORATION PROFIT SHARING PLAN, MERCURY GENERAL CORPORATION

MERCURY GENERAL CORPORATIONEIN 95-2211612Plan #001PY 2017

4484 WILSHIRE BLVD. - LOS ANGELES, CA 90010323-857-4972

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$509.9M

-10.2% from 2016

Total participants

5,772

-11.5% from 2016

Average account balance

$89,342

-3.0% from 2016

Annual return

17.12%

-11.29 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$940.92M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

5,415

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 7 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$267,176
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY Service code 16 · EIN 26-4310632	Consulting	$49,500
HOLTHOUSE CARLIN & VAN TRIGT LLP1 year Service code 10 1801 WEST OLYMPIC BLVD · PASADENA, CA 91199	Accounting	$26,005
BENEFIT FINANCIAL SERVICES GROUP1 year Service code 16 · EIN 20-8532658	Consulting	$22,500
ACTUARIAL BENEFITS CORP1 year Service code 14 · EIN 20-1054428	Plan Administrator	$5,000
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 HARBORSIDE FINANCIAL CTR PLAZA 2 · JERSEY CITY, NJ 07311	Other Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$245,432

Plan features & details

Pension benefit codes2E2F2I2J2K2O2S2T

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).
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$30 / participant

Investment mgmt$267K214.4%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 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: HOLTHOUSE, CARLIN, & VAN TRIGT, LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,342

$89,274+0.1%

$149,721-40.3%

$77,958+14.6%

Participation rate

98.5%

87.6%+10.8pp

87.1%+11.4pp

71.6%+26.8pp

Annual return

17.12%

20.36%-3.2pp

1501.67%-1484.6pp

20.87%-3.7pp

Employer contribution / active EE

$2,082

$3,727-44.1%

$5,444-61.8%

$2,310-9.9%

Participant deferral / active EE

$5,180

$5,382-3.8%

$6,568-21.1%

$3,537+46.5%

Admin fee / account holder

$22

$240-90.9%

$11,282-99.8%

$97-77.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$267,176

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 16 · EIN 26-4310632

Consulting

$49,500

HOLTHOUSE CARLIN & VAN TRIGT LLP1 year

Service code 10

1801 WEST OLYMPIC BLVD · PASADENA, CA 91199

Accounting

$26,005

BENEFIT FINANCIAL SERVICES GROUP1 year

Service code 16 · EIN 20-8532658

Consulting

$22,500

ACTUARIAL BENEFITS CORP1 year

Service code 14 · EIN 20-1054428

Plan Administrator

$5,000

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 99

HARBORSIDE FINANCIAL CTR PLAZA 2 · JERSEY CITY, NJ 07311

Other Fees

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$245,432

MERCURY GENERAL CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCURY GENERAL CORPORATION 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