Retirement plan
FINRA SAVINGS PLUS PLAN
FINRAEIN 53-0088710Plan #003PY 2020
1735 K ST NW - WASHINGTON, DC 200061506301-590-6500finra.orgLinkedIn1001-5000 employeesfinancial services
Other plans on this EIN
1 filingProspect flagsHigh assets / participantCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JENNIFER KEATING
Signed 10/08/2021
Plan administrator entity
FINRA PENSION/401(K) PLAN COMMITTEE
EIN 521087606
FINRA, 1735 K ST NW · WASHINGTON, DC 200061506
Summary metrics
Total assets (EOY)
$1730.8M
-12.1% from 2016
Total participants
5,432
-1.6% from 2016
Average account balance
$319,277
-10.6% from 2016
Annual return
15.48%
-8.56 pp from 2016
Benchmarks
Peer group
Industry81 - Other Services (except Public Administration)
Plan typeDefined contribution
Participants1,000-4,999
Cohort243 peers
Snapshot2020
90
Participant deferral / active EE
$13,883
median $1,866
90
Employer contribution / active EE
$14,836
median $882
93
Participation rate
99.7%
median 81.4%
99
Avg account balance
$319,277
median $31,988
30
Admin fee / account holder
$103
median $74
51
Annual return
15.48%
median 15.40%
Overall peer rank
75of 100
75th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.49B
Average account balance
Total assets / participants with a balance (line 6g)
$402K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
6,191
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$142.43M
Contributions per participant
Average employer and participant contribution per enrolled participant
$34K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.81%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$125
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.6+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $563,162 |
Top hat statement on fileNQDC
Filed August 6, 2024 (most recent of 5 filings on file)
Plan administrator
Plans declared (2)
- FINRA 457(b) DEFERRED COMPENSATION PLAN163 emp
- FINRA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN2 emp
Total covered: 165 employees
Plan features & details
Pension benefit codes2A2E2F2G2J2K2S2T
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal 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
2 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$557K
$154 / participant
- Investment mgmt$557K100.0%
% of EOY assets
0.032%
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
- ERNST & YOUNG LLP
- Auditor EIN
- 346565596
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified