Retirement plan

EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS ASSOCIATION

Name: AMERICAN BANKERS ASSOCIATION - EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS ASSOCIATION (2017) Form 5500
Creator: AMERICAN BANKERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS ASSOCIATION, AMERICAN BANKERS ASSOCIATION

AMERICAN BANKERS ASSOCIATIONEIN 52-1001304Plan #002PY 2017

1120 CONNECTICUT AVENUE NW - WASHINGTON, DC 200363902202-663-5000aba.comLinkedIn201-500 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$172.2M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$129.4M

+12.8% from 2016

Total participants

494

+2.5% from 2016

Average account balance

$262,452

+9.6% from 2016

Annual return

16.73%

+5.64 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$197.89M

Not enough data

1 years with asset history on file

Average account balance

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

$384K

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.

515

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+15.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 26 · EIN 04-3516284	Advisory (Participants)	$8,073
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$6,631

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$15K

$42 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$262,452

$81,537+221.9%

$149,716+75.3%

$69,631+276.9%

Participation rate

99.7%

86.1%+13.6pp

87.1%+12.6pp

70.7%+29.0pp

Annual return

16.73%

22.79%-6.1pp

1501.67%-1484.9pp

27571.02%-27554.3pp

Employer contribution / active EE

$9,983

$3,239+208.2%

$5,444+83.4%

$2,032+391.3%

Participant deferral / active EE

$10,853

$4,994+117.3%

$6,568+65.2%

$3,224+236.7%

Admin fee / account holder

$30

$107-72.1%

$11,282-99.7%

$110-73.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L

Service code 26 · EIN 04-3516284

Advisory (Participants)

$8,073

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$6,631

EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS ASSOCIATION

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