Retirement plan

FARM CREDIT EMPLOYEES FEDERAL CREDIT UNION 401K PLAN & TRUST

Name: FARM CREDIT EMPLOYEES FEDERAL CR - FARM CREDIT EMPLOYEES FEDERAL CREDIT UNION 401K PLAN & TRUST (2021) Form 5500
Creator: FARM CREDIT EMPLOYEES FEDERAL CR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARM CREDIT EMPLOYEES FEDERAL CREDIT UNION 401K PLAN & TRUST, FARM CREDIT EMPLOYEES FEDERAL CR

FARM CREDIT EMPLOYEES FEDERAL CREIN 41-6029654Plan #002PY 2021

375 JACKSON ST, STE 100 - ST PAUL, MN 55101651-282-8881fcefcu.comLinkedIn1-10 employeesbanking

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+7.1% from 2020

Total participants

+50.0% from 2020

Average account balance

$454,985

-28.6% from 2020

Annual return

12.50%

-2.10 pp from 2020

Benchmarks

See 33,477 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort33,477 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+24.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$88K

$29428 / participant

Other / not subdivided$88K100.0%

% of EOY assets

6.468%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$454,985

$209,840+116.8%

$189,517+140.1%

$167,497+171.6%

Participation rate

100.0%

88.7%+11.3pp

87.8%+12.2pp

82.1%+17.9pp

Annual return

12.50%

748.35%-735.8pp

555.19%-542.7pp

478.62%-466.1pp

Employer contribution / active EE

$1,787

$6,914-74.1%

$6,162-71.0%

$4,838-63.1%

Participant deferral / active EE

$3,575

$8,935-60.0%

$8,221-56.5%

$6,341-43.6%

Admin fee / account holder

$29,428

$14,294+105.9%

$12,045+144.3%

$12,310+139.1%

FARM CREDIT EMPLOYEES FEDERAL CREDIT UNION 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARM CREDIT EMPLOYEES FEDERAL CREDIT UNION 401K PLAN & TRUST

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