Retirement plan

FIRST TECH FEDERAL PR QUALIFIED EE SAVING RET PLAN

Name: FIRST TECH FEDERAL CREDIT UNION - FIRST TECH FEDERAL PR QUALIFIED EE SAVING RET PLAN (2017) Form 5500
Creator: FIRST TECH FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST TECH FEDERAL PR QUALIFIED EE SAVING RET PLAN, FIRST TECH FEDERAL CREDIT UNION

FIRST TECH FEDERAL CREDIT UNIONEIN 23-7062675Plan #001PY 2017

1011 SUNSET BLVD, PO BOX 779004 - ROCKLIN, CA 956779004650-236-2864firsttechfed.comLinkedIn1001-5000 employeesfinancial services

Other plans on this EIN

2 filings

#003Retirement-$106.4M assets #004Retirement-$45.9M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$600K

-22.7% from 2017

Total participants

-35.7% from 2017

Average account balance

$42,850

+20.3% from 2017

Annual return

16.77%

-12.36 pp from 2017

Benchmarks

See 114,324 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,324 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

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

$7K

$485 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.133%

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

$42,850

$150,447-71.5%

$136,298-68.6%

$147,587-71.0%

Participation rate

100.0%

84.4%+15.6pp

81.9%+18.1pp

82.8%+17.2pp

Annual return

16.77%

1049.15%-1032.4pp

5156.27%-5139.5pp

578.60%-561.8pp

Employer contribution / active EE

$2,097

$5,256-60.1%

$4,696-55.4%

$4,876-57.0%

Participant deferral / active EE

$2,528

$6,631-61.9%

$6,247-59.5%

$5,439-53.5%

Admin fee / account holder

$485

$10,906-95.5%

$9,244-94.7%

$10,886-95.5%

FIRST TECH FEDERAL PR QUALIFIED EE SAVING RET PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST TECH FEDERAL PR QUALIFIED EE SAVING RET 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