Retirement plan

ATTLEBORO MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION BASIC 401(K) PLAN AND TRUST

Name: ATTLEBORO MUNICIPAL EFCU - ATTLEBORO MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION BASIC 401(K) PLAN AND TRUST (2018) Form 5500
Creator: ATTLEBORO MUNICIPAL EFCU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATTLEBORO MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION BASIC 401(K) PLAN AND TRUST, ATTLEBORO MUNICIPAL EFCU

ATTLEBORO MUNICIPAL EFCUEIN 04-2434427Plan #001PY 2018

138 S MAIN ST - ATTLEBORO, MA 027033909508-226-0140

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$456K

-0.5% from 2017

Total participants

0.0% from 2017

Average account balance

$113,939

-25.4% from 2017

Annual return

-4.29%

-21.69 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$832K

Not enough data

1 years with asset history on file

Average account balance

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

$166K

Not enough data

1 years with per-participant data

Participants with account balance

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

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77220

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 codes2F2G2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash 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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$113,939

$160,059-28.8%

$140,019-18.6%

$135,380-15.8%

Participation rate

60.0%

88.5%-28.5pp

87.5%-27.5pp

82.6%-22.6pp

Annual return

-4.29%

911.48%-915.8pp

651.17%-655.5pp

519.81%-524.1pp

Employer contribution / active EE

$6,420-100.0%

$5,605-100.0%

$4,779-100.0%

Participant deferral / active EE

$3,432

$7,641-55.1%

$6,927-50.5%

$5,609-38.8%

Admin fee / account holder

$13,328-100.0%

$10,705-100.0%

$10,828-100.0%

ATTLEBORO MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION BASIC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ATTLEBORO MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION BASIC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion