PlanOptica
Retirement plan

DESERET MUTUAL TRANSITIONAL MASTER RETIREMENT PLAN

DESERET MUTUAL BENEFIT ADMINISTRATORSEIN 87-0440163Plan #007PY 2016
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
4 filings
#001Retirement-$5.63B assets#003Retirement-$3.17B assets#004Retirement-$51.7M assets#005Retirement-$914K assets
Prospect flagsLow returns

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 10/11/2017
Plan administrator entity
DESERET MUTUAL BENEFIT ADMINISTRATORS
EIN 870440163
150 SOCIAL HALL AVENUE, SUITE 170 · SALT LAKE CITY, UT 84145
How to read this page

Summary metrics

Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-1.93%
+1.93 pp from 2016

Benchmarks

See 2,882 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants<25
Cohort2,882 peers
Snapshot2016
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $30,133
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $193,452
Admin fee / account holder
$0
median $140
Annual return
-1.93%
median 4.34%
Overall peer rank
8th percentileavg across 6 metrics

Analytics

2015 - 2018
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$0
Not enough data
2 years with per-participant data
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
600
Not enough data
1 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Not enough data
2 years with eligibility data
Contributions (total)
Employer and participant dollars contributed each year
$389
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.00%
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
Not enough data
1 years with F_SCH_H allocation on file

Service providers

Top 1 by compensation
ProviderService typeCompensation
KIRTON MCCONKIE1 year
Service code 29 · EIN 87-0375296
Legal
$231,044

Plan features & details

Pension benefit codes1A1I1H3H
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).
  • 1H
    PBGC terminated and closed out plan
    Plan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 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

1 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$551K
  • Other / not subdivided$551K100.0%
% of EOY assets
-
all-in expense ratio
Categories reported
0 / 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