PlanOptica
Retirement plan

DESERET MUTUAL MASTER RETIREMENT PLAN

DESERET MUTUAL BENEFIT ADMINISTRATORSEIN 87-0440163Plan #001PY 2015
Sign in to saveView 5500 PDF
PO BOX 45530 - SALT LAKE CITY, UT 841450530801-578-5795dmba.comLinkedIn201-500 employeesfinancial services
Other plans on this EIN
5 filings
#003Retirement-$2.88B assets#007Retirement-$24.8M assets#004Retirement-$17.1M assets#005Retirement-$769K assets#006Retirement--
Prospect flagsHigh retiree %Low participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(801) 578-5795
Plan administrator signer
MICHAEL J. RASBAND
Signed 10/17/2016
Plan administrator entity
DESERET MUTUAL BENEFIT ADMINISTRATORS
EIN 870440163
150 SOCIAL HALL AVENUE, SUITE 170 ยท SALT LAKE CITY, UT 84145
How to read this page

Summary metrics

Total assets (EOY)
$5180.3M
-7.9% from 2016
Total participants
39,307
+1.9% from 2016
Average account balance
$0
No prior year
Annual return
-0.91%
-8.88 pp from 2016

Benchmarks

See 38 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort38 peers
Snapshot2015
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$12,620
median $4,473
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
-0.91%
median -0.83%
Overall peer rank
32nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.07B
Average account balance
Total assets / participants with a balance (line 6g)
$219K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
22,451
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
$199K
Contributions per participant
Average employer and participant contribution per enrolled participant
$19
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-4.15%
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 45 by compensation
ProviderService typeCompensation
FISHER INVESTMENTS1+ years
Service code 28 ยท EIN 20-2480800
Investment Management
$1,574,135
LEVINE LEICHTMAN CAPITAL PARTNERS,1+ years
Service code 28 ยท EIN 95-4475693
Investment Management
$1,535,331
JP MORGAN INVESTMENT MANAGEMENT INC1+ years
Service code 27 ยท EIN 13-3200244
Advisory (Plan)
$1,478,010
HORIZON ASSET MANAGEMENT1+ years
Service code 28 ยท EIN 13-3776334
Investment Management
$1,412,059
PRUDENTIAL INSURANCE COMPANY1+ years
Service code 28 ยท EIN 22-1211670
Investment Management
$1,170,125
SOUTHEASTERN ASSET MANAGEMENT, INC.1+ years
Service code 28 ยท EIN 62-0951781
Investment Management
$955,668
ZAZOVE ASSOCIATES, LLC1+ years
Service code 28 ยท EIN 36-3984373
Investment Management
$920,808
ARTISAN PARTNERS LIMITED PARTNERSHI1+ years
Service code 28 ยท EIN 30-0551775
Investment Management
$859,469
HUNSTMAN GAY CAPITAL PARTNERS GP, L1+ years
Service code 28 ยท EIN 98-0571295
Investment Management
$853,236
SANDS CAPITAL MANAGEMENT, LLC1+ years
Service code 28 ยท EIN 20-2830751
Investment Management
$687,063

Enrolled actuary

1 attachment
SB

SCOTT C. THORNTON

DESERET MUTUAL BENEFIT ADMIN.
Enrollment #1403946
150 SOCIAL HALL AVENUE, SUITE 170
P.O. BOX 45530
SALT LAKE CITY, UT 841450530
(801) 578-5630
Signed 2016-10-11

Plan features & details

Pension benefit codes1A1E3H
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).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
  • 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
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$20.2M
$1259 / participant
  • Investment mgmt$16M80.8%
  • Other / not subdivided$4M19.2%
% of EOY assets
0.390%
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
DELOITTE & TOUCHE LLP
Auditor EIN
113891517
Audit fees
(not subdivided)
Opinion code
Unqualified