Retirement plan

COUNTY EDUCATORS FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Name: COUNTY EDUCATORS FEDERAL CREDIT UNION - COUNTY EDUCATORS FEDERAL CREDIT UNION 401(K) PLAN AND TRUST (2024) Form 5500
Creator: COUNTY EDUCATORS FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNTY EDUCATORS FEDERAL CREDIT UNION 401(K) PLAN AND TRUST, COUNTY EDUCATORS FEDERAL CREDIT UNION

COUNTY EDUCATORS FEDERAL CREDIT UNIONEIN 22-1487101Plan #002PY 2024

16 E LINCOLN AVE - ROSELLE PARK, NJ 072041743908-245-0173

Other plans on this EIN

1 filing

#001Retirement-$2.1M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$487K

+33.4% from 2023

Total participants

+15.8% from 2023

Average account balance

$30,456

+25.1% from 2023

Annual return

22.78%

+9.80 pp from 2023

Benchmarks

See 37,087 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,087 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$563K

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1202

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

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.

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

$30,456

$201,372-84.9%

$184,260-83.5%

$145,884-79.1%

Participation rate

68.4%

87.5%-19.1pp

86.8%-18.4pp

80.3%-11.9pp

Annual return

22.78%

29.04%-6.3pp

28.84%-6.1pp

551.85%-529.1pp

Employer contribution / active EE

$7,024-100.0%

$6,427-100.0%

$4,662-100.0%

Participant deferral / active EE

$2,039

$9,808-79.2%

$9,133-77.7%

$6,690-69.5%

Admin fee / account holder

$16,362-100.0%

$13,898-100.0%

$13,392-100.0%

COUNTY EDUCATORS FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

COUNTY EDUCATORS FEDERAL CREDIT UNION 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