PlanOptica
Retirement plan

401(K) PENSION PLAN

NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONEIN 53-0116145Plan #444PY 2015
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4301 WILSON BOULEVARD - ARLINGTON, VA 22203703-907-6021
Other plans on this EIN
1 filing
#333Retirement-$8.09B assets
Prospect flagsHigh feesHigh cashFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(703) 907-6021
Plan administrator signer
PETER BAXTER
Signed 10/15/2016
Plan administrator entity
SENIOR VICE PRESIDENT, INSURANCE & FINANCIAL SERVICES
EIN 542072724
(703) 907-5743
How to read this page

Summary metrics

Total assets (EOY)
$8153.6M
-9.3% from 2016
Total participants
67,782
-2.3% from 2016
Average account balance
$126,142
-9.1% from 2016
Annual return
1.66%
-9.04 pp from 2016

Benchmarks

See 908 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort908 peers
Snapshot2015
Participant deferral / active EE
$4,863
median $2,706
Employer contribution / active EE
$2,515
median $1,385
Participation rate
94.7%
median 76.6%
Avg account balance
$126,142
median $50,732
Admin fee / account holder
$395
median $43
Annual return
1.66%
median 0.73%
Overall peer rank
60th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$16.84B
Average account balance
Total assets / participants with a balance (line 6g)
$211K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
79,674
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.7%
Contributions (total)
Employer and participant dollars contributed each year
$756.10M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.41%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$594
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
NRECA1+ years
Service code 14 · EIN 53-0116145
Plan Administrator
$17,038,135
BLACKROCK INSTITUTIONAL TRUST CO NA1+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$2,445,376
T ROWE PRICE ASSOCIATES1+ years
Service code 28 · EIN 52-0556948
Investment Management
$1,552,592
CAPITAL GUARDIAN TRUST COMPANY1+ years
Service code 28 · EIN 95-2553868
Investment Management
$1,149,654
STATE STREET BANK1+ years
Service code 19 · EIN 04-1867445
Securities Custodian
$663,180
SUNGARD BUSINESS SYSTEMS1+ years
Service code 16 · EIN 23-2139612
Consulting
$593,834
DIGITAL DOCUMENTS LLC1+ years
Service code 16 · EIN 54-2042401
Consulting
$464,533
CAPRICORN SYSTEMS INC1+ years
Service code 16 · EIN 58-2514176
Consulting
$392,341
MODIS1+ years
Service code 16 · EIN 65-0000600
Consulting
$374,724
EXPERIS IT SERVICES US LLC1+ years
Service code 16 · EIN 75-1300240
Consulting
$327,181

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
OAKWOOD MORTGAGE INVESTORS INC—
C/O BNY MELLON
101 BARCLAY ST
NEW YORK, NY 10286
—
Part 1
Loan in default
INDYMAC RESIDENTIAL MORTGAGE TRUST—
C/O DEUTSCHE BANK NATIONAL TRUST
1761 EAST STREET ANDREW PLACE
SANTA ANA, CA 92705
—

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 codes2C2E2F2H2J2K2R3F3H2T
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit plan.
  • 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).
  • 2H
    Partial participant-directed account plan
    Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • 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

3 tripped
  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • OpportunityHigh cash

    More than 10% of assets are held in cash - possible menu-design or default-fund problem.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II
Admin total
$25.5M
$429 / participant
  • Investment mgmt$5M21.5%
  • Contract admin$17M66.7%
  • Other / not subdivided$3M11.8%
% of EOY assets
0.313%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BDO
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified