Security Mutual Life Insurance Company of New York

Form 5500 Data

Overview

Plan Rating

BrightScope Rating
54
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (15)
Average in Peer Group (78)
Highest in Peer Group (91)

Plan Description

Security Mutual Life Insurance Company of New York Career Agents Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 35% of plans for Account Balances. Security Mutual Life Insurance Company of New York Career Agents Profit Sharing Plan currently has over 200 active participants and over $20.2M in plan assets.

Did you know?

For the average 401k participant, the 37 point difference between this plan's BrightScope Rating (54) and the top rated plan (91) could equate to:
19
Additional years of work
254,113
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 100 Court Street
  • Location
    Binghamton , NY
  • 13902
  • Industry
    Finance and Insurance
  • Administrator
    Jeffrey Jacobs
  • Net Plan Assets
    $20,200,000
  • Total Participants
    240
  • Avg Account Balance
    $91,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Above Average

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Average
Salary Deferrals:
Poor
Account Balance:
Above Average

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

28

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Self-Directed Brokerage Accounts 17%
N/A
Dodge & Cox Balanced 11%
51%
Invesco Stable Value Fund 10%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Security Mutual Life Insurance Company
Insurance Advisor/Broker
William A. Magnusson
Insurance Advisor/Broker
Berkshire Advisor Resource LLC
Insurance Advisor/Broker
Jeffrey E. Boyea
Insurance Advisor/Broker
Alan M Ginsberg
Insurance Advisor/Broker
Scott C Pandillo
Insurance Advisor/Broker
R S Pandillo Associates, Inc
Insurance Advisor/Broker
Donald M. Kohnstamm
Insurance Advisor/Broker
Desmon & Kohnstamm, Inc.
Insurance Advisor/Broker
Valerie B Legler
Insurance Advisor/Broker
A V Calleo CLU & Assocs Inc
Insurance Advisor/Broker
David M Calleo
Recordkeeper
Fidelity
Investment Adviser
Morgan Stanley
Auditor
Johnson, Lauder, & Savage

Articles and Questions

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