Retirement plan

PECO ENERGY COMPANY BENEFICIAL ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Name: PECO ENERGY COMPANY BENEFICIAL ASSOCIATION - PECO ENERGY COMPANY BENEFICIAL ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: PECO ENERGY COMPANY BENEFICIAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PECO ENERGY COMPANY BENEFICIAL ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST, PECO ENERGY COMPANY BENEFICIAL ASSOCIATION

PECO ENERGY COMPANY BENEFICIAL ASSOCIATIONEIN 23-6234715Plan #001PY 2020

201 N. LYNN BLVD. - UPPER DARBY, PA 19082610-734-7926

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

+19.2% from 2019

Total participants

-3.4% from 2019

Average account balance

$105,748

+23.6% from 2019

Annual return

16.18%

-3.74 pp from 2019

Benchmarks

See 1,417 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,417 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.81M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$219K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1954

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 codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$72K

$5573 / participant

Other / not subdivided$72K100.0%

% of EOY assets

2.537%

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

$105,748

$111,301-5.0%

$112,977-6.4%

$158,966-33.5%

Participation rate

92.3%

83.5%+8.8pp

82.6%+9.7pp

82.0%+10.3pp

Annual return

16.18%

26.40%-10.2pp

24.24%-8.1pp

302.95%-286.8pp

Employer contribution / active EE

$6,715

$4,471+50.2%

$4,255+57.8%

$4,762+41.0%

Participant deferral / active EE

$3,793

$5,880-35.5%

$5,836-35.0%

$5,983-36.6%

Admin fee / account holder

$2,683

$8,392-68.0%

$6,294-57.4%

$11,250-76.2%

PECO ENERGY COMPANY BENEFICIAL ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PECO ENERGY COMPANY BENEFICIAL ASSOCIATION 401(K) PROFIT SHARING PLAN & TRUST

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