Retirement plan

TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN

Name: TONAWANDA COMMUNITY FEDERAL CREDIT UNION - TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN (2019) Form 5500
Creator: TONAWANDA COMMUNITY FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN, TONAWANDA COMMUNITY FEDERAL CREDIT UNION

TONAWANDA COMMUNITY FEDERAL CREDIT UNIONEIN 16-6206798Plan #033PY 2019

257 HIGHLAND PKWY - BUFFALO, NY 142231407716-873-4688toncomfcu.comLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$470K assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$213K

+24.3% from 2018

Total participants

0.0% from 2018

Average account balance

$26,664

+24.3% from 2018

Annual return

17.73%

+21.57 pp from 2018

Benchmarks

See 31,997 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,997 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106K

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

42.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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 codes2F2G2T3D2J

Plan features

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$222 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.834%

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

$26,664

$183,968-85.5%

$162,166-83.6%

$152,870-82.6%

Participation rate

75.0%

88.5%-13.5pp

87.6%-12.6pp

82.4%-7.4pp

Annual return

17.73%

150.77%-133.0pp

115.59%-97.9pp

345.34%-327.6pp

Employer contribution / active EE

$6,371-100.0%

$5,614-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,408

$8,034-82.5%

$7,298-80.7%

$5,850-75.9%

Admin fee / account holder

$222

$13,121-98.3%

$10,842-98.0%

$11,597-98.1%

TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION 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