Copperpoint Insurance Company 401(k) Review & Grade
Copperpoint Insurance Co. 401(k) Plan
Phoenix, AZFinance & Insurance810 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,658Employer $ per active participant
$11,785Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$178.0MNet plan assets, end of year
$172,659Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 84th |
| Employee saving | 82th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,039 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Copperpoint Insurance put in about $5,658 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,580,471 |
| Participant (employee) contributions | $9,539,903 |
| Other contributions (incl. rollovers in) | $760,313 |
| Administrative expenses paid from the plan | $100,387 |
| Investment advisory & management fees | $25,685 |
| Other admin expenses | $13,775 |
| Benefits paid out | $14,236,964 |
| Net assets, start / end of year | $156.6M / $178.0M |
| Active participants, start / end of year | 815 / 804 |
| Participants with account balances | 1,031 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,927 reported compensation |
| Strategic Advisors, Inc. | $25,685 reported compensation |
| Holthouse Carlin & Van Trigt LLP | $13,775 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731131307NAL0003088163001, received 2025-07-31, EIN 45-3829954, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.