Retirement plan

AMERICAN RED CROSS SAVINGS PLAN

Name: AMERICAN NATIONAL RED CROSS - AMERICAN RED CROSS SAVINGS PLAN (2024) Form 5500
Creator: AMERICAN NATIONAL RED CROSS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN RED CROSS SAVINGS PLAN, AMERICAN NATIONAL RED CROSS

AMERICAN NATIONAL RED CROSSEIN 53-0196605Plan #008PY 2024

431 18TH STREET NW - WASHINGTON, DC 200065304202-303-5343

Other plans on this EIN

1 filing

#001Retirement-$1.12B assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed July 1, 1992

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.

Open the filing PDF

How to read this page

Total assets (EOY)

$1741.8M

+13.5% from 2023

Total participants

24,260

-0.8% from 2023

Average account balance

$78,186

+10.0% from 2023

Annual return

12.59%

-4.67 pp from 2023

Benchmarks

See 275 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort275 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.74B

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

22,277

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141.12M

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

+12.59%

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 8 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES5 years Filed as: EDELMAN FINANCIAL ENGINES LLC Service code 26 · EIN 47-5324976	Advisory (Participants)	$1,287,309
ALIGHT SOLUTIONS LLC8 years Service code 15 · EIN 82-1061233	Recordkeeping	$936,878
NORTHERN TRUST COMPANY10+ years Filed as: NORTHERN TRUST INC. Service code 21 · EIN 36-1561860	Bank Trustee	$209,004
KPMG LLP10+ years Service code 10 · EIN 13-5565207	Accounting	$102,400
ZARAGOZA & ALVARADO LLP1 year Filed as: ZARAGOZA ALVARADO Service code 29 · EIN 66-0611885	Legal	$30,407
GROOM LAW GROUP3 years Service code 29 · EIN 52-1219029	Legal	$24,530
THE BANK OF NEW YORK MELLON10+ years Filed as: PERSHING LLC Service code 33 · EIN 13-2741729	Finders' fees / placement fees; Share...	$9,463
ALIGHT SOLUTIONS LLC8 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Securities brokerage; Distribution (1...	$4,275

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3J

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.
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.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2.6M

$144 / participant

Recordkeeping$912K35.5%
Trustee / custodial$209K8.1%
Investment mgmt$1M50.1%
Legal$59K2.3%
Other / not subdivided$102K4.0%

% of EOY assets

0.148%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KPMG LLP
Auditor EIN: 135565207
Audit fees: $102,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,186

$73,283+6.7%

$155,574-49.7%

$106,553-26.6%

Participation rate

88.9%

73.3%+15.6pp

78.2%+10.7pp

69.8%+19.1pp

Annual return

12.59%

15.76%-3.2pp

64.87%-52.3pp

17.37%-4.8pp

Employer contribution / active EE

$2,721

$2,241+21.4%

$4,676-41.8%

$3,359-19.0%

Participant deferral / active EE

$5,167

$4,567+13.1%

$5,629-8.2%

$5,562-7.1%

Admin fee / account holder

$115

$56+106.3%

$15,914-99.3%

$80+44.8%

Provider

Service type

Compensation

FINANCIAL ENGINES5 years

Filed as: EDELMAN FINANCIAL ENGINES LLC

Service code 26 · EIN 47-5324976

Advisory (Participants)

$1,287,309

ALIGHT SOLUTIONS LLC8 years

Service code 15 · EIN 82-1061233

Recordkeeping

$936,878

NORTHERN TRUST COMPANY10+ years

Filed as: NORTHERN TRUST INC.

Service code 21 · EIN 36-1561860

Bank Trustee

$209,004

KPMG LLP10+ years

Service code 10 · EIN 13-5565207

Accounting

$102,400

ZARAGOZA & ALVARADO LLP1 year

Filed as: ZARAGOZA ALVARADO

Service code 29 · EIN 66-0611885

Legal

$30,407

GROOM LAW GROUP3 years

Service code 29 · EIN 52-1219029

Legal

$24,530

THE BANK OF NEW YORK MELLON10+ years

Filed as: PERSHING LLC

Service code 33 · EIN 13-2741729

Finders' fees / placement fees; Share...

$9,463

ALIGHT SOLUTIONS LLC8 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Securities brokerage; Distribution (1...

$4,275

AMERICAN RED CROSS SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN RED CROSS SAVINGS 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