Retirement plan

SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS

Name: NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION - SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS (2018) Form 5500
Creator: NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS, NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATION

NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATIONEIN 52-0741336Plan #334PY 2018

4121 WILSON BLVD., 10TH FLOOR - ARLINGTON, VA 22203703-351-2000

Other plans on this EIN

1 filing

#333Retirement-$2.24B assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 15, 2011 (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)

$2005.5M

-6.5% from 2016

Total participants

25,517

-0.4% from 2016

Average account balance

$96,982

-5.6% from 2016

Annual return

-3.65%

-6.54 pp from 2016

Benchmarks

See 43 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.36B

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

23,709

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.

72.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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 11 by compensation

Provider	Service type	Compensation
SERVICES MANAGEMENT CORPORATION4+ years Service code 13 · EIN 52-1200541	Contract Administrator	$1,712,613
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: J.P. MORGAN INVESTMENT MANAGEMENT I Service code 27 · EIN 13-3200244	Advisory (Plan)	$646,962
GROOM LAW GROUP4+ years Service code 29 · EIN 52-1219029	Legal	$99,057
BLACKROCK4+ years Filed as: BLACKROCK INSTITUTIONAL TRUST CO Service code 21 · EIN 94-3112180	Bank Trustee	$52,751
WILSHIRE ASSOCIATES INCORPORATED4+ years Filed as: WILSHIRE ASSOCIATES Service code 27 · EIN 95-2755361	Advisory (Plan)	$45,000
ALLEGRA2 years Service code 36 · EIN 56-2075508	Direct payment from the plan; Copying...	$22,690
CLIFTONLARSONALLEN LLP4+ years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 47-0746749	Accounting	$21,440
THE BANK OF NEW YORK MELLON4+ years Filed as: BANK OF AMERICA Service code 49 · EIN 05-5169452	Other Services	$11,568
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 27 · EIN 04-2647786	Advisory (Plan)	$0
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Filed as: FIDELITY INVESTMENTS Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2C2F2G2J2K3B2T3H2R

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.1M

$101 / participant

Investment mgmt$50K2.4%
Contract admin$2M84.0%
Other / not subdivided$282K13.6%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN
Auditor EIN: 470746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,982

$94,115+3.0%

$83,327+16.4%

$73,367+32.2%

Participation rate

76.5%

83.7%-7.2pp

77.8%-1.2pp

69.5%+7.0pp

Annual return

-3.65%

-6.12%+2.5pp

10.64%-14.3pp

173.45%-177.1pp

Employer contribution / active EE

$2,274

$2,931-22.4%

$3,379-32.7%

$2,499-9.0%

Participant deferral / active EE

$3,667

$6,759-45.7%

$5,565-34.1%

$4,033-9.1%

Admin fee / account holder

$100

$75+33.4%

$7,540-98.7%

$68+46.6%

Provider

Service type

Compensation

SERVICES MANAGEMENT CORPORATION4+ years

Service code 13 · EIN 52-1200541

Contract Administrator

$1,712,613

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: J.P. MORGAN INVESTMENT MANAGEMENT I

Service code 27 · EIN 13-3200244

Advisory (Plan)

$646,962

GROOM LAW GROUP4+ years

Service code 29 · EIN 52-1219029

Legal

$99,057

BLACKROCK4+ years

Filed as: BLACKROCK INSTITUTIONAL TRUST CO

Service code 21 · EIN 94-3112180

Bank Trustee

$52,751

WILSHIRE ASSOCIATES INCORPORATED4+ years

Filed as: WILSHIRE ASSOCIATES

Service code 27 · EIN 95-2755361

Advisory (Plan)

$45,000

ALLEGRA2 years

Service code 36 · EIN 56-2075508

Direct payment from the plan; Copying...

$22,690

CLIFTONLARSONALLEN LLP4+ years

Filed as: CLIFTONLARSONALLEN, LLP

Service code 10 · EIN 47-0746749

Accounting

$21,440

THE BANK OF NEW YORK MELLON4+ years

Filed as: BANK OF AMERICA

Service code 49 · EIN 05-5169452

Other Services

$11,568

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 27 · EIN 04-2647786

Advisory (Plan)

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Filed as: FIDELITY INVESTMENTS

Service code 60

Sub-TA Fees

SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS PLAN FOR EMPLOYEES OF NTCA AND ITS MEMBERS

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