Retirement plan

ALLOYA CORPORATE FEDERAL CREDIT UNION SAVINGS RETIREMENT PLAN

Name: ALLOYA CORPORATE FEDERAL CREDIT UNION - ALLOYA CORPORATE FEDERAL CREDIT UNION SAVINGS RETIREMENT PLAN (2024) Form 5500
Creator: ALLOYA CORPORATE FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLOYA CORPORATE FEDERAL CREDIT UNION SAVINGS RETIREMENT PLAN, ALLOYA CORPORATE FEDERAL CREDIT UNION

ALLOYA CORPORATE FEDERAL CREDIT UNIONEIN 45-2090875Plan #003PY 2024

184 SHUMAN BOULEVARD, SUITE 400 - NAPERVILLE, IL 60563800-782-2431

Prospect flagsHigh feesHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$74.6M

+13.1% from 2023

Total participants

297

+1.7% from 2023

Average account balance

$254,517

+12.3% from 2023

Annual return

14.41%

-3.66 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.04M

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

315

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

$5.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5 years Filed as: CERITY PARTNERS RETIREMENT PLAN Service code 27 · EIN 35-2467663	Advisory (Plan)	$51,606
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$40,931
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,242

Plan features & details

Pension benefit codes3H2F2G2J2K2T2E3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$105K

$519 / participant

Recordkeeping$41K39.1%
Investment mgmt$64K60.9%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$254,517

$122,239+108.2%

$184,200+38.2%

$74,546+241.4%

Participation rate

98.0%

85.5%+12.5pp

86.8%+11.2pp

67.2%+30.8pp

Annual return

14.41%

19.95%-5.5pp

28.80%-14.4pp

1366.03%-1351.6pp

Employer contribution / active EE

$8,997

$4,537+98.3%

$6,424+40.1%

$2,624+242.8%

Participant deferral / active EE

$14,280

$7,139+100.0%

$9,132+56.4%

$4,347+228.5%

Admin fee / account holder

$358

$1,260-71.6%

$13,907-97.4%

$1,944-81.6%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5 years

Filed as: CERITY PARTNERS RETIREMENT PLAN

Service code 27 · EIN 35-2467663

Advisory (Plan)

$51,606

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$40,931

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,242

ALLOYA CORPORATE FEDERAL CREDIT UNION SAVINGS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLOYA CORPORATE FEDERAL CREDIT UNION SAVINGS RETIREMENT PLAN

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