Retirement plan

DIRECT FEDERAL CREDIT UNION PENSION PLAN

Name: DIRECT FEDERAL CREDIT UNION - DIRECT FEDERAL CREDIT UNION PENSION PLAN (2017) Form 5500
Creator: DIRECT FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIRECT FEDERAL CREDIT UNION PENSION PLAN, DIRECT FEDERAL CREDIT UNION

DIRECT FEDERAL CREDIT UNIONEIN 04-2177945Plan #001PY 2017

50 CABOT STREET - P.O. BOX 9123 - NEEDHAM, MA 024949123781-433-2900LinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$6.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.1M

+11.1% from 2016

Total participants

+12.7% from 2016

Average account balance

$130,109

-0.3% from 2016

Annual return

12.57%

+3.45 pp from 2016

Benchmarks

See 7,574 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,574 peers

Snapshot2017

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

Not enough data

0 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

-89.52%

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$572K

$11223 / participant

Other / not subdivided$572K100.0%

% of EOY assets

5.640%

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

$130,109

$100,060+30.0%

$149,721-13.1%

$70,126+85.5%

Participation rate

96.1%

83.6%+12.5pp

87.1%+9.0pp

69.5%+26.5pp

Annual return

12.57%

27.46%-14.9pp

1501.67%-1489.1pp

73.15%-60.6pp

Employer contribution / active EE

$8,627

$3,661+135.7%

$5,444+58.5%

$2,343+268.3%

Participant deferral / active EE

$4,982-100.0%

$6,568-100.0%

$3,332-100.0%

Admin fee / account holder

$7,338

$8,285-11.4%

$11,282-35.0%

$4,645+58.0%

DIRECT FEDERAL CREDIT UNION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIRECT FEDERAL CREDIT UNION PENSION PLAN

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