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 (2019) 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 2019

PO BOX 2100 - BEAVERTON, OR 970752100855-855-8805firsttechfed.comLinkedIn1001-5000 employeesfinancial services

Other plans on this EIN

2 filings

#003Retirement-$141.7M assets #004Retirement-$48.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$797K

-22.7% from 2017

Total participants

-35.7% from 2017

Average account balance

$66,456

+20.3% from 2017

Annual return

26.16%

-12.36 pp from 2017

Benchmarks

See 119,324 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,324 peers

Snapshot2019

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$6K

$507 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.763%

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

$66,456

$157,307-57.8%

$141,200-52.9%

$152,914-56.5%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

26.16%

64.34%-38.2pp

71.41%-45.2pp

345.48%-319.3pp

Employer contribution / active EE

$3,080

$5,263-41.5%

$4,736-35.0%

$4,764-35.3%

Participant deferral / active EE

$4,306

$7,111-39.4%

$6,710-35.8%

$5,852-26.4%

Admin fee / account holder

$507

$12,126-95.8%

$10,265-95.1%

$11,601-95.6%

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