Retirement plan

CUNA MUTUAL PENSION PLAN FOR NON-REPRESENTED EMPLOYEES

Name: TRUSTAGE FINANCIAL GROUP, INC. - CUNA MUTUAL PENSION PLAN FOR NON-REPRESENTED EMPLOYEES (2020) Form 5500
Creator: TRUSTAGE FINANCIAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUNA MUTUAL PENSION PLAN FOR NON-REPRESENTED EMPLOYEES, TRUSTAGE FINANCIAL GROUP, INC.

TRUSTAGE FINANCIAL GROUP, INC.EIN 45-4418520Plan #009PY 2020

P.O. BOX 391 - MADISON, WI 537010391608-238-5851

Other plans on this EIN

1 filing

#001Retirement-$264.2M assets

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$769M

-8.5% from 2016

Total participants

6,301

-0.4% from 2016

Average account balance

No prior year

Annual return

13.21%

-8.42 pp from 2016

Benchmarks

See 977 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort977 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$591.21M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

3,607

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+1.72%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.6+ years Filed as: MILLIMAN USA Service code 11 · EIN 91-0675641	Actuarial	$376,898
GRANT THORNTON LLP6+ years Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$51,250
STATE STREET GLOBAL ADVISORS6+ years Filed as: STATE STREET BANK & TRUST Service code 21 · EIN 43-1661502	Bank Trustee	$0

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C1E3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1E
Section 401(h) arrangement
Plan contains separate accounts under Code section 401(h) to provide employee health benefits.
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

2 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$410 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,964,387-100.0%

Participation rate

0.0%

0.0%0pp

14.3%-14.3pp

0.0%0pp

Annual return

13.21%

12.86%+0.3pp

21681.50%-21668.3pp

12.86%+0.3pp

Employer contribution / active EE

$13,687-100.0%

$87,430-100.0%

$13,687-100.0%

Participant deferral / active EE

$833-100.0%

$70-100.0%

$833-100.0%

Admin fee / account holder

$3,693-100.0%

Provider

Service type

Compensation

MILLIMAN, INC.6+ years

Filed as: MILLIMAN USA

Service code 11 · EIN 91-0675641

Actuarial

$376,898

GRANT THORNTON LLP6+ years

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$51,250

STATE STREET GLOBAL ADVISORS6+ years

Filed as: STATE STREET BANK & TRUST

Service code 21 · EIN 43-1661502

Bank Trustee

CUNA MUTUAL PENSION PLAN FOR NON-REPRESENTED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUNA MUTUAL PENSION PLAN FOR NON-REPRESENTED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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