Retirement plan

PFCU 401(K) SAVINGS PLAN

Name: PFCU - PFCU 401(K) SAVINGS PLAN (2020) Form 5500
Creator: PFCU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PFCU 401(K) SAVINGS PLAN, PFCU

PFCUEIN 38-1379433Plan #001PY 2020

9077 CHARLOTTE HWY - PORTLAND, MI 48875517-647-7571pfcu4me.comLinkedIn51-200 employeesfinancial services

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 29, 2025 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

9077 Charlotte Highway

Portland, MI 48875

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Plans declared (10)

Tammy Bengel Supplemental Compensation Benefit Agreement effective January 1, 20251 emp
Theresa Burgess Supplemental Compensation Benefit Agreement effective January 1, 20251 emp
LeAnne Hixson Supplemental Compensation Benefit Agreement effective January 1, 20251 emp
Sean Krebs Supplemental Compensation Benefit Agreement effective January 1, 20251 emp
Michele Makley Supplemental Compensation Benefit Agreement effective January 1, 20251 emp
+5 more

Total covered: 10 employees

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Total assets (EOY)

$16M

+17.2% from 2019

Total participants

189

-6.4% from 2019

Average account balance

$84,895

+25.3% from 2019

Annual return

13.35%

-7.29 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.12M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

207

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$2,928

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3K

$17 / participant

Contract admin$3K100.0%

% of EOY assets

0.018%

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: DOEREN MAYHEW
Auditor EIN: 364745545
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,895

$136,307-37.7%

$177,848-52.3%

$73,497+15.5%

Participation rate

100.0%

86.1%+13.9pp

87.7%+12.3pp

70.7%+29.3pp

Annual return

13.35%

18.68%-5.3pp

48.33%-35.0pp

28.51%-15.2pp

Employer contribution / active EE

$5,162

$3,712+39.1%

$5,919-12.8%

$2,270+127.4%

Participant deferral / active EE

$4,319

$5,829-25.9%

$7,714-44.0%

$3,740+15.5%

Admin fee / account holder

$15

$596-97.4%

$12,431-99.9%

$513-97.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$2,928

PFCU 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (10)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PFCU 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (10)

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