Retirement plan

KATAHDIN FEDERAL CREDIT UNION TARGET BENEFIT PLAN AND TRUST

Name: KATAHDIN FEDERAL CREDIT UNION - KATAHDIN FEDERAL CREDIT UNION TARGET BENEFIT PLAN AND TRUST (2015) Form 5500
Creator: KATAHDIN FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KATAHDIN FEDERAL CREDIT UNION TARGET BENEFIT PLAN AND TRUST, KATAHDIN FEDERAL CREDIT UNION

KATAHDIN FEDERAL CREDIT UNIONEIN 01-0227130Plan #002PY 2015

1000 CENTRAL ST - MILLINOCKET, ME 044622111207-723-9718katahdinfcu.orgLinkedIn11-50 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$954K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

No prior year

Total participants

No prior year

Average account balance

$42,835

No prior year

Annual return

0.71%

No prior year

Benchmarks

See 27,820 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort27,820 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-6.93%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

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 codes2B2F2G3D3H2T

Plan features

2B
Target benefit plan
Defined contribution plan whose contribution formula is designed to fund a targeted benefit at retirement.
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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$108K

$4700 / participant

Other / not subdivided$108K100.0%

% of EOY assets

10.516%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,835

$140,592-69.5%

$123,105-65.2%

$125,389-65.8%

Participation rate

91.3%

88.2%+3.1pp

86.8%+4.5pp

83.2%+8.1pp

Annual return

0.71%

16.80%-16.1pp

13.22%-12.5pp

282.24%-281.5pp

Employer contribution / active EE

$3,624

$6,041-40.0%

$5,151-29.6%

$4,866-25.5%

Participant deferral / active EE

$6,980-100.0%

$6,229-100.0%

$5,352-100.0%

Admin fee / account holder

$4,504

$11,198-59.8%

$9,014-50.0%

$9,541-52.8%

KATAHDIN FEDERAL CREDIT UNION TARGET BENEFIT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KATAHDIN FEDERAL CREDIT UNION TARGET BENEFIT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion