Retirement plan

CITY OF ORD MONEY PURCHASE PENSION TRUST

Name: CITY OF ORD - CITY OF ORD MONEY PURCHASE PENSION TRUST (2020) Form 5500
Creator: CITY OF ORD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITY OF ORD MONEY PURCHASE PENSION TRUST, CITY OF ORD

CITY OF ORDEIN 47-6006307Plan #001PY 2020

201 SOUTH 17TH ST, P.O. BOX 96 - ORD, NE 68862308-728-5791LinkedIn11-50 employeesexecutive office

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.6M

+3.2% from 2019

Total participants

-4.2% from 2019

Average account balance

$68,606

+7.7% from 2019

Annual return

8.38%

-4.13 pp from 2019

Benchmarks

See 347 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort347 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.91M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7131

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2F2G3D2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$195K

$11466 / participant

Other / not subdivided$195K100.0%

% of EOY assets

12.353%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,606

$76,312-10.1%

$67,221+2.1%

$158,982-56.8%

Participation rate

100.0%

84.3%+15.7pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

8.38%

22.77%-14.4pp

20.72%-12.3pp

302.99%-294.6pp

Employer contribution / active EE

$4,624

$4,476+3.3%

$3,723+24.2%

$4,763-2.9%

Participant deferral / active EE

$1,046

$5,264-80.1%

$4,384-76.1%

$5,983-82.5%

Admin fee / account holder

$8,475

$8,005+5.9%

$5,844+45.0%

$11,252-24.7%

CITY OF ORD MONEY PURCHASE PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITY OF ORD MONEY PURCHASE PENSION TRUST

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