Retirement plan

AMERICAN CENTURY RETIREMENT PLAN

Name: AMERICAN CENTURY SERVICES, LLC - AMERICAN CENTURY RETIREMENT PLAN (2016) Form 5500
Creator: AMERICAN CENTURY SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CENTURY RETIREMENT PLAN, AMERICAN CENTURY SERVICES, LLC

AMERICAN CENTURY SERVICES, LLCEIN 44-0619208Plan #001PY 2016

4500 MAIN STREET - KANSAS CITY, MO 641117709816-531-5575LinkedIn1001-5000 employeesinvestment management

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed March 10, 1998 (most recent of 2 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)

$641.8M

-7.5% from 2016

Total participants

2,071

-0.9% from 2016

Average account balance

$312,003

-6.5% from 2016

Annual return

8.16%

-9.80 pp from 2016

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09B

Not enough data

1 years with asset history on file

Average account balance

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

$480K

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.

2,280

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+14.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$30,584
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES Service code 15 · EIN 34-1479833	Recordkeeping	$9,600
ONEDIGITAL INVESTMENT ADVISORS LLC2+ years Filed as: ONE RETIREMENT LLC Service code 26 · EIN 45-4357540	Advisory (Participants)	$9,045
SUNRISE ADVISORS2+ years Filed as: SUNRISE ADVISORS INC. Service code 26 · EIN 48-1140404	Advisory (Participants)	$8,093
GOLDMAN SACHS2+ years Filed as: KAVAR CAPITAL PARTNERS LLC Service code 26 · EIN 27-4687115	Advisory (Participants)	$6,259
FINANCIAL ADVISORY SERVICE INC.1 year Service code 26 · EIN 48-0948682	Advisory (Participants)	$5,256
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$1
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2S2J2K2R2T3I3F3H

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$46K

$34 / participant

Investment mgmt$37K79.2%
Other / not subdivided$10K20.8%

% of EOY assets

0.007%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$312,003

$80,354+288.3%

$133,975+132.9%

$63,975+387.7%

Participation rate

99.0%

87.5%+11.5pp

87.1%+11.9pp

71.1%+27.8pp

Annual return

8.16%

13.11%-4.9pp

29.29%-21.1pp

48.65%-40.5pp

Employer contribution / active EE

$13,215

$3,503+277.2%

$5,211+153.6%

$2,182+505.7%

Participant deferral / active EE

$9,687

$5,239+84.9%

$6,282+54.2%

$3,356+188.6%

Admin fee / account holder

$23

$69-67.4%

$9,324-99.8%

$70-67.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$30,584

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES

Service code 15 · EIN 34-1479833

Recordkeeping

$9,600

ONEDIGITAL INVESTMENT ADVISORS LLC2+ years

Filed as: ONE RETIREMENT LLC

Service code 26 · EIN 45-4357540

Advisory (Participants)

$9,045

SUNRISE ADVISORS2+ years

Filed as: SUNRISE ADVISORS INC.

Service code 26 · EIN 48-1140404

Advisory (Participants)

$8,093

GOLDMAN SACHS2+ years

Filed as: KAVAR CAPITAL PARTNERS LLC

Service code 26 · EIN 27-4687115

Advisory (Participants)

$6,259

FINANCIAL ADVISORY SERVICE INC.1 year

Service code 26 · EIN 48-0948682

Advisory (Participants)

$5,256

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

AMERICAN CENTURY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN CENTURY RETIREMENT 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