Retirement plan

KEMBA CREDIT UNION PROFIT SHARING 401(K) PLAN AND TRUST

Name: KEMBA CREDIT UNION, INC. - KEMBA CREDIT UNION PROFIT SHARING 401(K) PLAN AND TRUST (2015) Form 5500
Creator: KEMBA CREDIT UNION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEMBA CREDIT UNION PROFIT SHARING 401(K) PLAN AND TRUST, KEMBA CREDIT UNION, INC.

KEMBA CREDIT UNION, INC.EIN 31-6034125Plan #003PY 2015

8763 UNION CENTRE BLVD - WEST CHESTER, OH 45069513-762-5070kemba.comLinkedIn201-500 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$11.9M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed June 18, 2024 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

5600 Chappell Crossing Blvd.

West Chester, OH 45069

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (3)

Kemba Credit Union Executive Benefit Plan No. 3 for Dan Sutton1 emp
Kemba Credit Union Executive Benefit Plan No. 2 for Andrew Dunn1 emp
Kemba Credit Union Executive Benefit Plan for Dan Schroer1 emp

Total covered: 3 employees

Open the filing PDF

How to read this page

Total assets (EOY)

$7.8M

No prior year

Total participants

157

No prior year

Average account balance

$50,874

No prior year

Annual return

-0.62%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.62M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

318

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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

1 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 codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$8K

$58 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FLYNN & COMPANY INC
Auditor EIN: 311451941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,874

$70,667-28.0%

$123,105-58.7%

$52,331-2.8%

Participation rate

97.1%

83.7%+13.4pp

86.8%+10.4pp

68.1%+29.0pp

Annual return

-0.62%

6.23%-6.9pp

13.22%-13.8pp

4.54%-5.2pp

Employer contribution / active EE

$2,837

$2,946-3.7%

$5,151-44.9%

$1,882+50.8%

Participant deferral / active EE

$3,244

$4,493-27.8%

$6,229-47.9%

$3,022+7.4%

Admin fee / account holder

$53

$506-89.5%

$9,014-99.4%

$592-91.0%

KEMBA CREDIT UNION PROFIT SHARING 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEMBA CREDIT UNION PROFIT SHARING 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

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