Retirement plan

SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Name: SUN FEDERAL CREDIT UNION - SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST (2016) Form 5500
Creator: SUN FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST, SUN FEDERAL CREDIT UNION

SUN FEDERAL CREDIT UNIONEIN 34-1300434Plan #004PY 2016

1627 HOLLAND RD - MAUMEE, OH 435371622419-893-5070sunfederalcu.orgLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#003Retirement-$15.1M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed August 3, 2021 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1627 Holland Rd.

Maumee, OH 43537

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Plans declared (1)

457(b) Eligible Deferred Compensation Plan7 emp

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Total assets (EOY)

$12.8M

No prior year

Total participants

154

No prior year

Average account balance

$86,393

No prior year

Annual return

2.06%

No prior year

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.66M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

217

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
CMFG LIFE INSURANCE COMPANY1+ years Service code 15 · EIN 39-0230590	Recordkeeping	$1,600

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$15 / participant

Contract admin$2K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 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: CINDRICH, MAHALAK & CO.
Auditor EIN: 382336859
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,393

$74,089+16.6%

$133,975-35.5%

$55,167+56.6%

Participation rate

94.5%

84.3%+10.3pp

87.1%+7.5pp

69.0%+25.6pp

Annual return

2.06%

12.11%-10.1pp

29.29%-27.2pp

169.23%-167.2pp

Employer contribution / active EE

$3,022

$3,064-1.4%

$5,211-42.0%

$1,963+54.0%

Participant deferral / active EE

$4,245

$4,678-9.2%

$6,282-32.4%

$3,054+39.0%

Admin fee / account holder

$11

$458-97.6%

$9,324-99.9%

$504-97.9%

Provider

Service type

Compensation

CMFG LIFE INSURANCE COMPANY1+ years

Service code 15 · EIN 39-0230590

Recordkeeping

$1,600

SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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