Retirement plan

CITY OF ORD MONEY PURCHASE PENSION TRUST

Name: CITY OF ORD - CITY OF ORD MONEY PURCHASE PENSION TRUST (2021) 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 2021

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

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+7.1% from 2020

Total participants

0.0% from 2020

Average account balance

$73,465

+7.1% from 2020

Annual return

10.08%

+1.70 pp from 2020

Benchmarks

See 359 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort359 peers

Snapshot2021

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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$158K

$8797 / participant

Other / not subdivided$158K100.0%

% of EOY assets

9.371%

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

$73,465

$84,149-12.7%

$76,080-3.4%

$167,536-56.1%

Participation rate

100.0%

84.9%+15.1pp

79.4%+20.6pp

82.1%+17.9pp

Annual return

10.08%

54.99%-44.9pp

42.50%-32.4pp

478.82%-468.7pp

Employer contribution / active EE

$4,122

$4,618-10.8%

$3,962+4.0%

$4,839-14.8%

Participant deferral / active EE

$499

$5,796-91.4%

$4,905-89.8%

$6,342-92.1%

Admin fee / account holder

$6,884

$6,410+7.4%

$4,883+41.0%

$12,315-44.1%

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