Retirement plan
DESERET MUTUAL TRANSITIONAL MASTER RETIREMENT PLAN
DESERET MUTUAL BENEFIT ADMINISTRATORSEIN 87-0440163Plan #007PY 2017
PO BOX 45530 - SALT LAKE CITY, UT 841450530801-578-5795dmba.comLinkedIn201-500 employeesfinancial services
Other plans on this EIN
4 filingsProspect flagsLow participationLow employer contribution
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MICHAEL J. RASBAND
Signed 10/09/2018
Plan administrator entity
DESERET MUTUAL BENEFIT ADMINISTRATORS
EIN 870440163
150 SOCIAL HALL AVENUE, SUITE 170 ยท SALT LAKE CITY, UT 84145
Summary metrics
Total assets (EOY)
$0
No prior year
Total participants
2
No prior year
Average account balance
$0
No prior year
Annual return
0.00%
+1.93 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants<25
Cohort2,912 peers
Snapshot2017
0
Participant deferral / active EE
$0
median $0
14
Employer contribution / active EE
$2,727
median $29,282
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $345,258
0
Admin fee / account holder
$0
median $165
0
Annual return
0.00%
median 8.82%
Overall peer rank
7of 100
7th 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
This year's asset flow
No Schedule H asset amounts on this filing
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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Plan features & details
Pension benefit codes1A1I1H3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1HPBGC terminated and closed out planPlan 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).
- 1IFrozen planAs 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.
- 3HControlled group memberPlan 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.
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$5K
$2727 / participant
- Other / not subdivided$5K100.0%
% of EOY assets
-
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -