Retirement plan

AMERICAN RED CROSS SAVINGS PLAN

Name: AMERICAN NATIONAL RED CROSS - AMERICAN RED CROSS SAVINGS PLAN (2016) 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 2016

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

Other plans on this EIN

2 filings

#001Retirement-$1.98B assets #010Retirement--

Prospect flagsLow participationFailed to transmit contributionsCorrective 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.

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Total assets (EOY)

$951.6M

+6.3% from 2015

Total participants

35,811

+0.1% from 2015

Average account balance

$40,169

+12.8% from 2015

Annual return

9.42%

+8.94 pp from 2015

Benchmarks

See 193 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort193 peers

Snapshot2016

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
HEWITT ASSOCIATES LLC2+ years Service code 15 · EIN 36-2235791	Recordkeeping	$1,048,720
NORTHERN TRUST COMPANY2+ years Filed as: NORTHERN TRUST INC. Service code 21 · EIN 36-1561860	Bank Trustee	$350,332
AMERICAN REALTY ADVISORS2+ years Filed as: AMERICAN RED CROSS Service code 30 · EIN 53-0196605	Direct payment from the plan; Employe...	$263,193
FINANCIAL ENGINES2+ years Service code 26 · EIN 94-3250323	Advisory (Participants)	$258,550
KPMG LLP2+ years Service code 10 · EIN 13-5565207	Accounting	$43,150
BALLARD SPAHR LLP2+ years Filed as: BALLARD SPAHR LLC Service code 29 · EIN 23-0382195	Legal	$14,079
THE BANK OF NEW YORK MELLON2+ years Filed as: PERSHING LLC Service code 33 · EIN 13-2741729	Securities brokerage; Shareholder ser...	$1,222
HEWITT ASSOCIATES LLC2+ years Filed as: HEWITT FINANCIAL SERVICES LLC Service code 33 · EIN 36-3943169	Finders' fees / placement fees; Secur...	$900

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

3 tripped

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

$2.3M

$79 / participant

Investment mgmt$256K11.2%
Contract admin$1M45.8%
Other / not subdivided$987K43.1%

% of EOY assets

0.241%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,169

$49,270-18.5%

$156,552-74.3%

$329,111-87.8%

Participation rate

58.4%

68.1%-9.7pp

84.0%-25.6pp

67.9%-9.5pp

Annual return

9.42%

23.25%-13.8pp

32.23%-22.8pp

16.35%-6.9pp

Employer contribution / active EE

$1,041

$1,534-32.2%

$5,501-81.1%

$2,303-54.8%

Participant deferral / active EE

$2,087

$2,920-28.5%

$4,871-57.2%

$3,682-43.3%

Admin fee / account holder

$97

$51+91.4%

$13,028-99.3%

$754-87.2%

Provider

Service type

Compensation

HEWITT ASSOCIATES LLC2+ years

Service code 15 · EIN 36-2235791

Recordkeeping

$1,048,720

NORTHERN TRUST COMPANY2+ years

Filed as: NORTHERN TRUST INC.

Service code 21 · EIN 36-1561860

Bank Trustee

$350,332

AMERICAN REALTY ADVISORS2+ years

Filed as: AMERICAN RED CROSS

Service code 30 · EIN 53-0196605

Direct payment from the plan; Employe...

$263,193

FINANCIAL ENGINES2+ years

Service code 26 · EIN 94-3250323

Advisory (Participants)

$258,550

KPMG LLP2+ years

Service code 10 · EIN 13-5565207

Accounting

$43,150

BALLARD SPAHR LLP2+ years

Filed as: BALLARD SPAHR LLC

Service code 29 · EIN 23-0382195

Legal

$14,079

THE BANK OF NEW YORK MELLON2+ years

Filed as: PERSHING LLC

Service code 33 · EIN 13-2741729

Securities brokerage; Shareholder ser...

$1,222

HEWITT ASSOCIATES LLC2+ years

Filed as: HEWITT FINANCIAL SERVICES LLC

Service code 33 · EIN 36-3943169

Finders' fees / placement fees; Secur...

$900

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