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 (2019) 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 2019

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

Prospect flagsHigh fees

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)

$8.5M

+28.1% from 2018

Total participants

137

-10.5% from 2018

Average account balance

$65,205

+38.0% from 2018

Annual return

21.30%

+28.08 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$38,060
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$6,296
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA ADVISORS Service code 27 · EIN 47-0648506	Advisory (Plan)	$6,296
KELLEY FINANCIAL SERVICES, INC.5+ years Service code 13 · EIN 47-0800241 17110 MARCY STREET · OMAHA, NE 68118	Contract Administrator	$4,071
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BAIRD FUNDS1 year Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
IVY FUNDS1 year Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$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

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

$51K

$444 / participant

Investment mgmt$42K83.9%
Contract admin$8K16.1%

% of EOY assets

0.597%

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

$65,205

$98,982-34.1%

$162,185-59.8%

$65,1860%

Participation rate

93.9%

85.8%+8.1pp

87.6%+6.3pp

70.2%+23.7pp

Annual return

21.30%

24.84%-3.5pp

115.61%-94.3pp

29.39%-8.1pp

Employer contribution / active EE

$2,452

$3,467-29.3%

$5,613-56.3%

$2,177+12.6%

Participant deferral / active EE

$3,670

$5,384-31.8%

$7,297-49.7%

$3,514+4.4%

Admin fee / account holder

$389

$596-34.8%

$10,844-96.4%

$847-54.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$38,060

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$6,296

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA ADVISORS

Service code 27 · EIN 47-0648506

Advisory (Plan)

$6,296

KELLEY FINANCIAL SERVICES, INC.5+ years

Service code 13 · EIN 47-0800241

17110 MARCY STREET · OMAHA, NE 68118

Contract Administrator

$4,071

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BAIRD FUNDS1 year

Service code 52 · EIN 39-6037917

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

IVY FUNDS1 year

Service code 52 · EIN 04-6006759

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

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