Retirement plan

TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN

Name: TONAWANDA COMMUNITY FEDERAL CREDIT UNION - TONAWANDA COMMUNITY FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$517K assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$262K

+22.9% from 2019

Total participants

0.0% from 2019

Average account balance

$32,769

+22.9% from 2019

Annual return

16.71%

-1.02 pp from 2019

Benchmarks

See 32,149 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,149 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$89K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

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

+9.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28587

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

$340 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.907%

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

$32,769

$197,637-83.4%

$177,848-81.6%

$158,982-79.4%

Participation rate

71.4%

88.5%-17.1pp

87.7%-16.3pp

82.0%-10.5pp

Annual return

16.71%

58.77%-42.1pp

48.33%-31.6pp

302.99%-286.3pp

Employer contribution / active EE

$6,698-100.0%

$5,919-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,884

$8,405-77.6%

$7,714-75.6%

$5,983-68.5%

Admin fee / account holder

$297

$15,406-98.1%

$12,431-97.6%

$11,252-97.4%

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