Retirement plan

MAX CREDIT UNION CAPITAL ACCUMULATION PLAN

Name: MAX CREDIT UNION - MAX CREDIT UNION CAPITAL ACCUMULATION PLAN (2016) Form 5500
Creator: MAX CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAX CREDIT UNION CAPITAL ACCUMULATION PLAN, MAX CREDIT UNION

MAX CREDIT UNIONEIN 36-4618706Plan #002PY 2016

400 EASTDALE CIRCLE - MONTGOMERY, AL 36117334-260-2600mymax.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$28.3M

+12.3% from 2015

Total participants

305

+7.0% from 2015

Average account balance

$96,347

+3.1% from 2015

Annual return

6.59%

+5.75 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.33M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

377

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 2 by compensation

Provider	Service type	Compensation
CORPORATE FINANCIAL SERVICES, LLC2+ years Service code 15 P.O. BOX 240098 · MONTGOMERY, AL 36124	Recordkeeping	$45,306
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$12,718

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.

Opportunity flags

1 tripped

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

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: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,347

$71,802+34.2%

$133,975-28.1%

$57,658+67.1%

Participation rate

96.0%

85.5%+10.5pp

87.1%+8.9pp

70.2%+25.7pp

Annual return

6.59%

13.51%-6.9pp

29.29%-22.7pp

5.13%+1.5pp

Employer contribution / active EE

$4,820

$3,161+52.5%

$5,211-7.5%

$1,974+144.2%

Participant deferral / active EE

$3,735

$4,606-18.9%

$6,282-40.5%

$3,061+22.0%

Admin fee / account holder

$88-100.0%

$9,324-100.0%

$95-100.0%

Provider

Service type

Compensation

CORPORATE FINANCIAL SERVICES, LLC2+ years

Service code 15

P.O. BOX 240098 · MONTGOMERY, AL 36124

Recordkeeping

$45,306

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$12,718

MAX CREDIT UNION CAPITAL ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MAX CREDIT UNION CAPITAL ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion