Retirement plan

COMMUNITYAMERICA CREDIT UNION 401(K) SAVINGS PLAN

Name: COMMUNITYAMERICA CREDIT UNION - COMMUNITYAMERICA CREDIT UNION 401(K) SAVINGS PLAN (2024) Form 5500
Creator: COMMUNITYAMERICA CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITYAMERICA CREDIT UNION 401(K) SAVINGS PLAN, COMMUNITYAMERICA CREDIT UNION

COMMUNITYAMERICA CREDIT UNIONEIN 44-6015072Plan #002PY 2024

9777 RIDGE DRIVE - LENEXA, KS 62219913-905-8047

Prospect flagsHigh retiree %Low returnsLow participation

Top hat statement on fileNQDC

Filed January 4, 2018

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How to read this page

Total assets (EOY)

$577.8M

-2.4% from 2023

Total participants

2,823

-12.8% from 2023

Average account balance

$240,638

+13.2% from 2023

Annual return

10.65%

-2.89 pp from 2023

Benchmarks

See 610 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort610 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$577.77M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

2,401

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.

60.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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 by compensation

Provider	Service type	Compensation
EXECUTIVE DIRECTOR10+ years Service code 30 · EIN 52-1529689	Direct payment from the plan; Employe...	$206,162
FIDUCIENT ADVISORS LLC3 years Service code 16 · EIN 36-4001764	Consulting	$96,658
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$93,951
IMA WEALTH INC2 years Filed as: IMA FINANCIAL GROUP Service code 23 · EIN 48-0805634	Direct payment from the plan; Insuran...	$51,985
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$39,069
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ CPAS P.C. Service code 10 · EIN 43-1947695	Accounting	$36,750
VINCENT FEDELE10+ years Filed as: VINCENT LOMBARDI Service code 27 · EIN 52-1529689	Advisory (Plan)	$21,475
THOMPSON COBURN LLP9 years Service code 29 · EIN 43-0666662	Legal	$12,487
PARAGON OFFICE PROPERTY GROUP LLC2 years Service code 49 · EIN 83-0526215	Other Services	$7,505
MARCO1 year Service code 50 · EIN 47-5342615	Direct Payment	$6,666

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$597K

$560 / participant

Recordkeeping$94K15.7%
Investment mgmt$157K26.3%
Legal$12K2.1%
Salaries / allowances$206K34.5%
Other / not subdivided$127K21.3%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $36,750
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,638

$122,693+96.1%

$184,203+30.6%

$199,593+20.6%

Participation rate

60.4%

86.8%-26.3pp

86.8%-26.4pp

72.0%-11.5pp

Annual return

10.65%

143.91%-133.3pp

28.81%-18.2pp

34.25%-23.6pp

Employer contribution / active EE

$6,497

$4,584+41.7%

$6,427+1.1%

$3,034+114.1%

Participant deferral / active EE

$6,661

$7,990-16.6%

$9,131-27.1%

$5,087+30.9%

Admin fee / account holder

$249

$121+106.4%

$13,901-98.2%

$269-7.5%

Provider

Service type

Compensation

EXECUTIVE DIRECTOR10+ years

Service code 30 · EIN 52-1529689

Direct payment from the plan; Employe...

$206,162

FIDUCIENT ADVISORS LLC3 years

Service code 16 · EIN 36-4001764

Consulting

$96,658

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$93,951

IMA WEALTH INC2 years

Filed as: IMA FINANCIAL GROUP

Service code 23 · EIN 48-0805634

Direct payment from the plan; Insuran...

$51,985

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$39,069

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ CPAS P.C.

Service code 10 · EIN 43-1947695

Accounting

$36,750

VINCENT FEDELE10+ years

Filed as: VINCENT LOMBARDI

Service code 27 · EIN 52-1529689

Advisory (Plan)

$21,475

THOMPSON COBURN LLP9 years

Service code 29 · EIN 43-0666662

Legal

$12,487

PARAGON OFFICE PROPERTY GROUP LLC2 years

Service code 49 · EIN 83-0526215

Other Services

$7,505

MARCO1 year

Service code 50 · EIN 47-5342615

Direct Payment

$6,666

COMMUNITYAMERICA CREDIT UNION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITYAMERICA CREDIT UNION 401(K) SAVINGS 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