Retirement plan

COBALT CREDIT UNION 401(K) PLAN

Name: COBALT CREDIT UNION - COBALT CREDIT UNION 401(K) PLAN (2022) Form 5500
Creator: COBALT CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COBALT CREDIT UNION 401(K) PLAN, COBALT CREDIT UNION

COBALT CREDIT UNIONEIN 04-7036486Plan #004PY 2022

7148 TOWNE CENTER PARKWAY - PAPILLION, NE 68046402-292-8000cobaltcu.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$14.2M

-12.7% from 2021

Total participants

281

+11.5% from 2021

Average account balance

$70,727

-17.5% from 2021

Annual return

-13.59%

-26.76 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.60M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

209

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.

68.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+19.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$442

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$49,271
H BECK INC2 years Service code 55 11140 ROCKVILLE PIKE 4TH FL · ROCKVILLE, MD 20852	Other Commissions	$25,946
GROVE POINT INVESTMENTS LLC1 year Filed as: GROVE POINT ADVISORS LLC Service code 27 2440 RESEARCH BLVD 500 · ROCKVILLE, MD 20850	Advisory (Plan)	$9,183
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$186
ROLAND CRISS FIDUCIARY SERVICES1 year Service code 31 · EIN 75-2866255 2011 E. LAMAR BLVD, SUITE 150 · ARLINGTON, TX 76006	Named fiduciary	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$59K

$235 / participant

Contract admin$59K100.0%

% of EOY assets

0.412%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,727

$86,897-18.6%

$151,639-53.4%

$64,819+9.1%

Participation rate

68.0%

87.3%-19.3pp

87.5%-19.5pp

71.5%-3.5pp

Annual return

-13.59%

-3.57%-10.0pp

3.34%-16.9pp

32.84%-46.4pp

Employer contribution / active EE

$2,126

$4,010-47.0%

$6,165-65.5%

$2,507-15.2%

Participant deferral / active EE

$3,403

$6,690-49.1%

$8,363-59.3%

$4,311-21.1%

Admin fee / account holder

$292

$153+90.7%

$11,613-97.5%

$188+55.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$49,271

H BECK INC2 years

Service code 55

11140 ROCKVILLE PIKE 4TH FL · ROCKVILLE, MD 20852

Other Commissions

$25,946

GROVE POINT INVESTMENTS LLC1 year

Filed as: GROVE POINT ADVISORS LLC

Service code 27

2440 RESEARCH BLVD 500 · ROCKVILLE, MD 20850

Advisory (Plan)

$9,183

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$186

ROLAND CRISS FIDUCIARY SERVICES1 year

Service code 31 · EIN 75-2866255

2011 E. LAMAR BLVD, SUITE 150 · ARLINGTON, TX 76006

Named fiduciary

COBALT CREDIT UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COBALT CREDIT UNION 401(K) 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