Retirement plan

CREDIT UNION ONE CAPITAL ACCUMULATION PLAN

Name: CREDIT UNION ONE - CREDIT UNION ONE CAPITAL ACCUMULATION PLAN (2019) Form 5500
Creator: CREDIT UNION ONE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREDIT UNION ONE CAPITAL ACCUMULATION PLAN, CREDIT UNION ONE

CREDIT UNION ONEEIN 38-0536242Plan #033PY 2019

400 EAST 9 MILE ROAD - FERNDALE, MI 48220248-398-1210cuone.orgLinkedIn201-500 employeesbanking

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 2, 2004 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$26.8M

+21.4% from 2018

Total participants

531

+15.2% from 2018

Average account balance

$51,594

+7.4% from 2018

Annual return

20.45%

+23.54 pp from 2018

Benchmarks

See 1,467 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,467 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.56M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

407

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 10 of 15 by compensation

Provider	Service type	Compensation
HANTZ FINANCIAL SERVICES INC1 year Filed as: HANTZ FINANCIAL SERVICES, INC. Service code 27 · EIN 38-3431708	Advisory (Plan)	$35,119
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$18,784
AMERICAN CENTURY2 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
GLENMEDE2 years Service code 52 · EIN 23-1512117	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
JANUS HENDERSON2 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
LEGG MASON2 years Service code 52 · EIN 13-4146187	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT2 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3F2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$135 / participant

Investment mgmt$35K65.2%
Contract admin$18K34.3%
Other / not subdivided$3200.6%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

2 / 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: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,594

$88,515-41.7%

$162,185-68.2%

$67,582-23.7%

Participation rate

97.0%

86.8%+10.2pp

87.6%+9.4pp

71.3%+25.7pp

Annual return

20.45%

27.04%-6.6pp

115.61%-95.2pp

378.57%-358.1pp

Employer contribution / active EE

$1,631

$3,563-54.2%

$5,613-70.9%

$2,148-24.1%

Participant deferral / active EE

$3,393

$5,724-40.7%

$7,297-53.5%

$3,539-4.1%

Admin fee / account holder

$104

$124-16.0%

$10,844-99.0%

$142-27.0%

Provider

Service type

Compensation

HANTZ FINANCIAL SERVICES INC1 year

Filed as: HANTZ FINANCIAL SERVICES, INC.

Service code 27 · EIN 38-3431708

Advisory (Plan)

$35,119

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$18,784

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

GLENMEDE2 years

Service code 52 · EIN 23-1512117

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

JANUS HENDERSON2 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

LEGG MASON2 years

Service code 52 · EIN 13-4146187

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT2 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

CREDIT UNION ONE CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREDIT UNION ONE CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

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