Retirement plan

METRO HEALTH SERVICES FEDERAL CREDIT UNION 401(K) SAFE HARBOR PLAN

Name: METRO HEALTH SERVICES FEDERAL CREDI - METRO HEALTH SERVICES FEDERAL CREDIT UNION 401(K) SAFE HARBOR PLAN (2015) Form 5500
Creator: METRO HEALTH SERVICES FEDERAL CREDI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METRO HEALTH SERVICES FEDERAL CREDIT UNION 401(K) SAFE HARBOR PLAN, METRO HEALTH SERVICES FEDERAL CREDI

METRO HEALTH SERVICES FEDERAL CREDIEIN 47-6026142Plan #002PY 2015

14517 F STREET - SUITE 211 - OMAHA, NE 68137402-551-3052

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed January 13, 2013 (most recent of 5 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)

$4.5M

No prior year

Total participants

118

No prior year

Average account balance

$38,493

No prior year

Annual return

-2.17%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.90M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

118

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$710K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$386

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$18,835
KELLEY FINANCIAL SERVICES, INC.1+ years Service code 13 17110 MARCY ST., STE. 104 · OMAHA, NE 68118	Contract Administrator	$4,534
CHARLES SCHWAB & CO., INC.1+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$81
GOLDMAN SACHS1+ years Filed as: CORBIN L LAMBERT Service code 53 17117 BURT ST - SUITE 302 · OMAHA, NE 68118	Insurance Commissions	$0
NICHOLAS PENSION CONSULTANTS1+ years Filed as: F NICHOLAS KELLEY Service code 53 17110 MARCY STREET - SUITE 104 · OMAHA, NE 68118	Insurance Commissions	$0
KELLEY FINANCIAL SERVICES, INC.1+ years Filed as: KELLEY FINANCIAL SERVICES INC. Service code 13 · EIN 47-0800241	Contract Administrator	$0
NATHAN & BERNSTEIN CPA'S, PC1+ years Filed as: NATHAN MAGDANZ Service code 53 17117 BURT ST - SUITE 302 · OMAHA, NE 68118	Insurance Commissions	$0
SECURITIES AMERICA INC1+ years Service code 53 · EIN 11-2551174	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$19K

$179 / participant

Investment mgmt$11K57.9%
Contract admin$8K42.1%

% of EOY assets

0.415%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,493

$70,667-45.5%

$123,105-68.7%

$52,331-26.4%

Participation rate

100.0%

83.7%+16.3pp

86.8%+13.2pp

68.1%+31.9pp

Annual return

-2.17%

6.23%-8.4pp

13.22%-15.4pp

4.54%-6.7pp

Employer contribution / active EE

$3,686

$2,946+25.1%

$5,151-28.4%

$1,882+95.9%

Participant deferral / active EE

$2,714

$4,493-39.6%

$6,229-56.4%

$3,022-10.2%

Admin fee / account holder

$160

$506-68.5%

$9,014-98.2%

$592-73.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$18,835

KELLEY FINANCIAL SERVICES, INC.1+ years

Service code 13

17110 MARCY ST., STE. 104 · OMAHA, NE 68118

Contract Administrator

$4,534

CHARLES SCHWAB & CO., INC.1+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$81

GOLDMAN SACHS1+ years

Filed as: CORBIN L LAMBERT

Service code 53

17117 BURT ST - SUITE 302 · OMAHA, NE 68118

Insurance Commissions

NICHOLAS PENSION CONSULTANTS1+ years

Filed as: F NICHOLAS KELLEY

Service code 53

17110 MARCY STREET - SUITE 104 · OMAHA, NE 68118

Insurance Commissions

KELLEY FINANCIAL SERVICES, INC.1+ years

Filed as: KELLEY FINANCIAL SERVICES INC.

Service code 13 · EIN 47-0800241

Contract Administrator

NATHAN & BERNSTEIN CPA'S, PC1+ years

Filed as: NATHAN MAGDANZ

Service code 53

17117 BURT ST - SUITE 302 · OMAHA, NE 68118

Insurance Commissions

SECURITIES AMERICA INC1+ years

Service code 53 · EIN 11-2551174

Insurance Commissions

METRO HEALTH SERVICES FEDERAL CREDIT UNION 401(K) SAFE HARBOR PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METRO HEALTH SERVICES FEDERAL CREDIT UNION 401(K) SAFE HARBOR 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