Retirement plan

401(K) PLAN FOR EMPLOYEES OF THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA

Name: THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA - 401(K) PLAN FOR EMPLOYEES OF THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA (2020) Form 5500
Creator: THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR EMPLOYEES OF THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA, THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA

THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICAEIN 36-1635410Plan #002PY 2020

6100 N CICERO AVE - CHICAGO, IL 60646773-286-0500

Other plans on this EIN

1 filing

#001Retirement-$14.1M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$20.3M

+10.3% from 2019

Total participants

117

-3.3% from 2019

Average account balance

$197,223

+14.6% from 2019

Annual return

12.77%

-5.24 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.92M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$441K

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

+14.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$394

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

Top 4 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC6+ years Filed as: BPU INVESTMENT MANAGEMENT, INC. Service code 28 · EIN 25-1503421	Investment Management	$34,036
EPIC RETIREMENT PLAN SERVICES3 years Service code 15 · EIN 16-1450952	Recordkeeping	$10,083
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 82-3967259	Securities Custodian	$8,530
CHARLES SCHWAB & CO., INC.6+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$44K

$658 / participant

Investment mgmt$10K22.9%
Other / not subdivided$34K77.1%

% of EOY assets

0.217%

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: FRANK J. BAKER & COMPANY, LTD
Auditor EIN: 363086616
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,223

$123,793+59.3%

$177,840+10.9%

$79,852+147.0%

Participation rate

79.1%

84.7%-5.6pp

87.7%-8.6pp

69.6%+9.5pp

Annual return

12.77%

22.82%-10.0pp

48.32%-35.6pp

31.72%-18.9pp

Employer contribution / active EE

$2,738

$4,095-33.1%

$5,919-53.7%

$2,471+10.8%

Participant deferral / active EE

$3,850

$5,956-35.4%

$7,714-50.1%

$3,740+2.9%

Admin fee / account holder

$428

$7,243-94.1%

$12,431-96.6%

$5,306-91.9%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC6+ years

Filed as: BPU INVESTMENT MANAGEMENT, INC.

Service code 28 · EIN 25-1503421

Investment Management

$34,036

EPIC RETIREMENT PLAN SERVICES3 years

Service code 15 · EIN 16-1450952

Recordkeeping

$10,083

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 82-3967259

Securities Custodian

$8,530

CHARLES SCHWAB & CO., INC.6+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

401(K) PLAN FOR EMPLOYEES OF THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR EMPLOYEES OF THE POLISH NATIONAL ALLIANCE OF THE UNITED STATES OF NORTH AMERICA

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