Retirement plan

NATIONAL ASSOCIATION OF POSTAL SUPERVISORS 401(K) PROFIT SHARING PLAN

Name: NATIONAL ASSOCIATION OF POSTAL SUPERVISORS - NATIONAL ASSOCIATION OF POSTAL SUPERVISORS 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: NATIONAL ASSOCIATION OF POSTAL SUPERVISORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ASSOCIATION OF POSTAL SUPERVISORS 401(K) PROFIT SHARING PLAN, NATIONAL ASSOCIATION OF POSTAL SUPERVISORS

NATIONAL ASSOCIATION OF POSTAL SUPERVISORSEIN 53-0188062Plan #002PY 2022

1727 KING STREET, SUITE 400 - ALEXANDRIA, VA 223142700703-836-9660naps.orgLinkedIn11-50 employeeslegislative office

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$309K

-16.4% from 2021

Total participants

-7.7% from 2021

Average account balance

$38,663

-5.9% from 2021

Annual return

-15.88%

-27.46 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$395K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9412

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 codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer 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.)

Expense breakdown

Schedule H Part II

Admin total

$49K

$6072 / participant

Other / not subdivided$49K100.0%

% of EOY assets

15.705%

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

$38,663

$92,766-58.3%

$82,763-53.3%

$134,545-71.3%

Participation rate

50.0%

75.2%-25.2pp

72.6%-22.6pp

81.2%-31.2pp

Annual return

-15.88%

946.97%-962.9pp

702.45%-718.3pp

418.37%-434.2pp

Employer contribution / active EE

$3,273-100.0%

$3,008-100.0%

$4,742-100.0%

Participant deferral / active EE

$5,731

$4,802+19.3%

$4,395+30.4%

$6,401-10.5%

Admin fee / account holder

$6,072

$5,978+1.6%

$5,325+14.0%

$11,431-46.9%

NATIONAL ASSOCIATION OF POSTAL SUPERVISORS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ASSOCIATION OF POSTAL SUPERVISORS 401(K) PROFIT SHARING PLAN

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