Retirement plan

AMERICAN CENTURY RETIREMENT PLAN

Name: AMERICAN CENTURY SERVICES, LLC - AMERICAN CENTURY RETIREMENT PLAN (2018) 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 2018

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

Prospect flagsLow returnsHigh 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)

$676.8M

-7.5% from 2016

Total participants

2,085

-0.9% from 2016

Average account balance

$326,500

-6.5% from 2016

Annual return

-6.95%

-9.80 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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 10 of 13 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.,INC Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage; ...	$24,559
HALYARD FINANCIAL LLC1 year Service code 26 · EIN 82-3310677	Advisory (Participants)	$21,556
SUNRISE ADVISORS1 year Filed as: SUNRISE ADVISORS INC Service code 26 · EIN 48-1140404	Advisory (Participants)	$11,629
ONE ADVISORY PARTNERS LLC2 years Service code 26 · EIN 45-4357540	Advisory (Participants)	$10,554
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$9,583
GOLDMAN SACHS4+ years Filed as: KAVAR CAPITAL PARTNERS LLC Service code 26 · EIN 27-4687115	Advisory (Participants)	$8,068
WISE WEALTH LLC1 year Service code 26 · EIN 20-8420967	Advisory (Participants)	$7,294
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING INC Service code 26 · EIN 43-1270780	Advisory (Participants)	$6,818
FINANCIAL ADVISORY SERVICE INC.1 year Filed as: FINANCIAL ADVISORY SERVICE INC Service code 26 · EIN 48-0948682	Advisory (Participants)	$5,848
SOUND STEWARDSHIP LLC1 year Service code 26 · EIN 20-0401194	Advisory (Participants)	$5,112

Plan features & details

Pension benefit codes2E2F2J2K2R2S2T3F3H3I

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

3 tripped

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

$94K

$69 / participant

Investment mgmt$84K89.8%
Other / not subdivided$10K10.2%

% of EOY assets

0.014%

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: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$326,500

$82,546+295.5%

$140,019+133.2%

$75,289+333.7%

Participation rate

99.1%

88.4%+10.8pp

87.5%+11.6pp

72.4%+26.7pp

Annual return

-6.95%

-0.36%-6.6pp

651.19%-658.1pp

-0.04%-6.9pp

Employer contribution / active EE

$12,634

$3,856+227.7%

$5,605+125.4%

$2,405+425.3%

Participant deferral / active EE

$10,997

$5,731+91.9%

$6,927+58.8%

$3,739+194.1%

Admin fee / account holder

$45

$86-47.1%

$10,705-99.6%

$102-55.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.,INC

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage; ...

$24,559

HALYARD FINANCIAL LLC1 year

Service code 26 · EIN 82-3310677

Advisory (Participants)

$21,556

SUNRISE ADVISORS1 year

Filed as: SUNRISE ADVISORS INC

Service code 26 · EIN 48-1140404

Advisory (Participants)

$11,629

ONE ADVISORY PARTNERS LLC2 years

Service code 26 · EIN 45-4357540

Advisory (Participants)

$10,554

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$9,583

GOLDMAN SACHS4+ years

Filed as: KAVAR CAPITAL PARTNERS LLC

Service code 26 · EIN 27-4687115

Advisory (Participants)

$8,068

WISE WEALTH LLC1 year

Service code 26 · EIN 20-8420967

Advisory (Participants)

$7,294

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING INC

Service code 26 · EIN 43-1270780

Advisory (Participants)

$6,818

FINANCIAL ADVISORY SERVICE INC.1 year

Filed as: FINANCIAL ADVISORY SERVICE INC

Service code 26 · EIN 48-0948682

Advisory (Participants)

$5,848

SOUND STEWARDSHIP LLC1 year

Service code 26 · EIN 20-0401194

Advisory (Participants)

$5,112

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