Retirement plan
DESERET MUTUAL THRIFT PLAN
DESERET MUTUAL BENEFIT ADMINISTRATORSEIN 87-0440163Plan #006PY 2015
P.O. BOX 45530 - SALT LAKE CITY, UT 84145801-578-5795dmba.comLinkedIn201-500 employeesfinancial services
Prospect flagsRecently cancelled planLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. RASBAND
Signed 09/22/2016
Summary metrics
Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-126.42%
No prior year
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants<25
Cohort27,820 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $5,692
0
Employer contribution / active EE
$0
median $2,970
0
Participation rate
0.0%
median 100.0%
0
Avg account balance
$0
median $79,108
0
Admin fee / account holder
$0
median $483
0
Annual return
-126.42%
median -1.23%
Overall peer rank
0of 100
0th percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
GREAT-WEST TRUST COMPANY, LLC1+ years Service code 15 ATTN 401K OPERATIONS · DENVER, CO 802561148 | Recordkeeping | $359,809 |
BLACKROCK1+ years Service code 21 · EIN 94-3112180 | Bank Trustee | $2,353 |
Plan features & details
Pension benefit codes2E2F2G2J2K2S2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2KCode section 401(m) arrangementEmployee 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.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
- InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.
Expense breakdown
Schedule H Part II
Admin total
$237K
- Contract admin$237K100.0%
% of EOY assets
-
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
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified