PlanOptica
Retirement plan

401(K) PENSION PLAN

NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONEIN 53-0116145Plan #444PY 2017
Sign in to saveView 5500 PDF
4301 WILSON BLVD - ARLINGTON, VA 22203703-907-6021
Other plans on this EIN
1 filing
#333Retirement-$9.73B assets
Prospect flagsHigh feesFailed 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 10/13/2018
Plan administrator entity
SENIOR VICE PRESIDENT, INSURANCE AND FINANCIAL SERVICES
EIN 542072724
(703) 907-5743
How to read this page

Summary metrics

Total assets (EOY)
$10444M
-9.3% from 2016
Total participants
69,787
-2.3% from 2016
Average account balance
$156,848
-9.1% from 2016
Annual return
16.99%
-9.04 pp from 2016

Benchmarks

See 1,023 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort1,023 peers
Snapshot2017
Participant deferral / active EE
$5,257
median $2,972
Employer contribution / active EE
$2,782
median $1,490
Participation rate
94.6%
median 80.4%
Avg account balance
$156,848
median $56,823
Admin fee / account holder
$498
median $51
Annual return
16.99%
median 17.58%
Overall peer rank
55th 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
NRECA3+ years
Service code 14 · EIN 53-0116145
Plan Administrator
$20,880,708
BLACKROCK INSTITUTIONAL TRUST CO NA3+ years
Service code 21 · EIN 94-3112180
Bank Trustee
$2,265,006
T ROWE PRICE ASSOCIATES INC1 year
Service code 28 · EIN 52-0556948
Investment Management
$1,925,228
CAPITAL GUARDIAN TRUST COMPANY3+ years
Service code 28 · EIN 95-6597294
Investment Management
$1,302,369
STATE STREET BANK3+ years
Service code 19 · EIN 04-1867445
Securities Custodian
$723,225
LSV ASSET MANAGEMENT2 years
Service code 28 · EIN 23-2772200
Investment Management
$687,390
ENTERPRISE IRON FINANCIAL INDUSTRY3+ years
Service code 16 · EIN 24-1550013
Consulting
$589,636
MODIS3+ years
Service code 16 · EIN 65-0000600
Consulting
$431,925
LOCKTON COMPANIES2 years
Service code 22 · EIN 20-3354970
Insurance Broker
$385,729
FIS BUSINESS SYSTEMS LLC2 years
Service code 16 · EIN 51-0267091
Consulting
$302,882

Reportable transactions (Schedule G)

6 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
COUNTRYWIDE HOME LOANS, INC—
4500 PARK GRANADA
CALABASAS, CA 91302
—
Part 1
Loan in default
COUNTRYWIDE HOME LOANS, INC—
4500 PARK GRANADA
CALABASAS, CA 91302
—
Part 1
Loan in default
INDYMAC BANK FSB—
155 NORTH LAKE AVENUE
PASADENA, CA 91101
—
Part 1
Loan in default
OAKWOOD ACCEPTANCE CORP—
7800 MCLOUD
GREENBORO, NC 27409
—
Part 1
Loan in default
PUERTO RICO SALES TAX FINANCE—
DE DIEGO AVE, STOP 22
SANTURCE, PR 00940
—
Part 1
Loan in default
PUERTO RICO SALES TAX FINANCE—
DE DIEGO AVE, STOP 22
SANTURCE, PR 00940
—

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 codes2C2E2F2H2J2K2R2T3F3H
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

2 tripped
  • OpportunityHigh fees

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

  • 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
$33.2M
$558 / participant
  • Investment mgmt$7M19.9%
  • Contract admin$21M63.0%
  • Other / not subdivided$6M17.1%
% of EOY assets
0.317%
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
CLIFTONLARSONALLEN LLP
Auditor EIN
410746749
Audit fees
(not subdivided)
Opinion code
Unqualified