Retirement plan

TENASKA RETIREMENT PLAN

Name: TENASKA, INC - TENASKA RETIREMENT PLAN (2017) Form 5500
Creator: TENASKA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TENASKA RETIREMENT PLAN, TENASKA, INC

TENASKA, INCEIN 47-0701708Plan #001PY 2017

14302 FNB PARKWAY - OMAHA, NE 68154402-691-9511tenaska.comLinkedIn501-1000 employeesoil & energy

Prospect flagsLow returnsHigh feesLow participationHigh assets / participant

Top hat statement on fileNQDC

Filed May 21, 2012 (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)

$214M

+14.6% from 2016

Total participants

892

+17.5% from 2016

Average account balance

$340,158

+37.7% from 2016

Annual return

15.65%

+7.21 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$438.29M

Not enough data

1 years with asset history on file

Average account balance

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

$429K

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.

1,022

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Float revenue; Investment management;...	$127,612
FIRST NATIONAL BANK OF OMAHA3+ years Service code 16 1620 DODGE ST · OMAHA, NE 68197	Consulting	$50,549
LUTZ & COMPANY, PC3+ years Service code 10 · EIN 47-0625816	Accounting	$14,305
NATIONAL FINANCIAL SERCIVES3+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2S2T3H3D2E

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$192K

$317 / participant

Investment mgmt$52K26.9%
Other / not subdivided$141K73.1%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LUTZ & COMPANY, PC
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$340,158

$155,795+118.3%

$136,294+149.6%

$69,631+388.5%

Participation rate

56.7%

75.2%-18.6pp

81.9%-25.2pp

70.7%-14.0pp

Annual return

15.65%

232464.33%-232448.7pp

5155.94%-5140.3pp

27571.02%-27555.4pp

Employer contribution / active EE

$9,675

$2,991+223.5%

$4,695+106.0%

$2,032+376.1%

Participant deferral / active EE

$10,867

$5,394+101.5%

$6,247+74.0%

$3,224+237.1%

Admin fee / account holder

$306

$128+138.6%

$9,243-96.7%

$110+177.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Float revenue; Investment management;...

$127,612

FIRST NATIONAL BANK OF OMAHA3+ years

Service code 16

1620 DODGE ST · OMAHA, NE 68197

Consulting

$50,549

LUTZ & COMPANY, PC3+ years

Service code 10 · EIN 47-0625816

Accounting

$14,305

NATIONAL FINANCIAL SERCIVES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES3+ years

Service code 33

Securities brokerage; Securities brok...

TENASKA RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TENASKA 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