PlanOptica
Retirement plan

401(K) PENSION PLAN

NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONEIN 53-0116145Plan #444PY 2022
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4301 WILSON BLVD - ARLINGTON, VA 22203703-907-6021
Other plans on this EIN
1 filing
#333Retirement-$9.39B 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 10/13/2023
Plan administrator entity
SENIOR VICE PRESIDENT, INSURANCE AND FINANCIAL SERVICES
EIN 542072724
(703) 907-5743
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Summary metrics

Total assets (EOY)
$12972.7M
-9.3% from 2016
Total participants
77,962
-2.3% from 2016
Average account balance
$169,302
-9.1% from 2016
Annual return
-12.92%
-9.04 pp from 2016

Benchmarks

See 1,143 peers
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort1,143 peers
Snapshot2022
Participant deferral / active EE
$7,129
median $4,353
Employer contribution / active EE
$3,794
median $2,038
Participation rate
97.8%
median 86.8%
Avg account balance
$169,302
median $59,777
Admin fee / account holder
$528
median $58
Annual return
-12.92%
median -15.25%
Overall peer rank
64th 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
NRECA8+ years
Service code 14 · EIN 53-0116145
Plan Administrator
$23,200,318
T ROWE PRICE ASSOCIATES INC6 years
Service code 28 · EIN 52-0556948
Investment Management
$3,124,195
BLACKROCK INSTITUTIONAL TRUST CO5 years
Service code 21 · EIN 94-3112180
Bank Trustee
$2,577,787
BLACKROCK FINANCIAL MANAGEMENT INC2 years
Service code 28 · EIN 13-3806691
Investment Management
$1,306,198
JACOBS LEVY EQUITY MANAGEMENT INC2 years
Service code 28 · EIN 22-2774695
Investment Management
$975,187
LSV ASSET MANAGEMENT7 years
Service code 28 · EIN 23-2772200
Investment Management
$946,427
LOCKTON COMPANIES7 years
Service code 22 · EIN 20-3354970
Insurance Broker
$811,019
PACIFIC INVESTMENT MANAGEMENT CO6 years
Service code 28 · EIN 33-0629048
Investment Management
$757,834
FIS CAPITAL MARKETS LLC1 year
Service code 28 · EIN 51-0267091
Investment Management
$753,190
CAPITAL INTERNATIONAL INC1 year
Service code 28 · EIN 95-4797716
Investment Management
$660,846

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 codes2C2E2F2G2J2K2R2T3F3H2X
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).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 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
$40.5M
$674 / participant
  • Investment mgmt$11M26.9%
  • Contract admin$23M57.3%
  • Other / not subdivided$6M15.8%
% of EOY assets
0.312%
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