PlanOptica
Retirement plan

RETIREMENT SECURITY PLAN

NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONEIN 53-0116145Plan #333PY 2023
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4301 WILSON BLVD - ARLINGTON, VA 22203703-907-6021
Other plans on this EIN
1 filing
#444Retirement-$14.98B assets
Prospect flagsLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(703) 907-6021
Plan administrator signer
PETER BAXTER
Signed 10/14/2024
Plan administrator entity
SENIOR VICE PRESIDENT, INSURANCE & FINANCIAL SERVICES
EIN 542072724
(703) 907-5743
How to read this page

Summary metrics

Total assets (EOY)
$10184.6M
-6.8% from 2016
Total participants
74,708
-1.9% from 2016
Average account balance
$0
No prior year
Annual return
10.42%
-10.74 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$106
median $12
Employer contribution / active EE
$20,801
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
10.42%
median 8.27%
Overall peer rank
47th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.48B
Average account balance
Total assets / participants with a balance (line 6g)
$151K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,695
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$1.14B
Contributions per participant
Average employer and participant contribution per enrolled participant
$20K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.35%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
EXCELLA CONSULTING9+ years
Service code 16 · EIN 54-2062249
Consulting
$2,861,762
LSV ASSET MANAGEMENT8 years
Service code 28 · EIN 23-2772200
Investment Management
$2,643,461
ARROWSTREET CAPITAL LIMITED PARTNER6 years
Service code 28 · EIN 04-3472863
Investment Management
$2,435,178
JENNISON ASSOCIATES LLC4 years
Service code 28 · EIN 52-2069785
Investment Management
$1,712,306
DECISIONPATH CONSULTING8 years
Service code 16 · EIN 54-1059055
Consulting
$1,621,819
BAILLIE GIFFORD OVERSEAS LIMITED4 years
Service code 28 · EIN 22-3438530
Investment Management
$1,306,704
T ROWE PRICE ASSOCIATES INC2 years
Service code 28 · EIN 52-0556948
Investment Management
$1,298,187
CAPITAL BANK AND TRUST COMPANY3 years
Service code 28 · EIN 95-4797716
Investment Management
$1,278,623
RBC GLOBAL ASSET MANAGEMENT US INC3 years
Service code 28 · EIN 41-1460668
Investment Management
$1,055,797
EXPERIS IT SERVICES US LLC9+ years
Service code 16 · EIN 75-1300240
Consulting
$1,053,882

Enrolled actuary

1 attachment
SB

LAUREN HOECK

WILLIS TOWERS WATSON US LLC
Enrollment #2307928
800 N. GLEBE RD
ARLINGTON, VA 22203
(703) 258-8000
Signed 2024-10-03

Top hat statement on fileNQDC

Filed January 1, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes3F1C3H1A
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 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

1 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$36.6M
$654 / participant
  • Trustee / custodial$344K0.9%
  • Investment mgmt$13M36.5%
  • Legal$375K1.0%
  • Actuarial$970K2.7%
  • Other / not subdivided$22M58.8%
% of EOY assets
0.359%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CLIFTONLARSONALLEN LLP
Auditor EIN
410746749
Audit fees
$135,033
Opinion code
Unqualified