Retirement plan

AMERICAN RED CROSS SAVINGS PLAN

Name: AMERICAN NATIONAL RED CROSS - AMERICAN RED CROSS SAVINGS PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#001Retirement-$2.13B assets

Prospect flagsLow returnsLow participationCorrective 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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How to read this page

Total assets (EOY)

$1013.2M

-5.9% from 2016

Total participants

34,106

-0.1% from 2016

Average account balance

$43,809

-11.3% from 2016

Annual return

-5.73%

-8.94 pp from 2016

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort224 peers

Snapshot2018

Participant deferral / active EE

$2,481

median $3,263

Employer contribution / active EE

$1,199

median $1,456

Participation rate

60.2%

median 81.9%

Avg account balance

$43,809

median $42,754

Admin fee / account holder

$80

median $39

Annual return

-5.73%

median -4.42%

Overall peer rank

29of 100

29th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$1.74B

Average account balance

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

$78K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

22,277

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.9%

Contributions (total)

Employer and participant dollars contributed each year

$141.12M

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.59%

Admin fee / account holder

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

$115

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC2 years Service code 15 · EIN 82-1061233	Recordkeeping	$1,146,089
AMERICAN REALTY ADVISORS4+ years Filed as: AMERICAN RED CROSS Service code 30 · EIN 53-0196605	Direct payment from the plan; Other f...	$238,909
NORTHERN TRUST COMPANY4+ years Filed as: NORTHERN TRUST INC. Service code 21 · EIN 36-1561860	Bank Trustee	$196,097
FINANCIAL ENGINES4+ years Service code 26 · EIN 94-3250323	Advisory (Participants)	$120,780
KPMG LLP4+ years Service code 10 · EIN 13-5565207	Accounting	$53,740
BALLARD SPAHR LLP4+ years Filed as: BALLARD SPAHR LLC Service code 29 · EIN 23-0382195	Legal	$18,425
THE BANK OF NEW YORK MELLON4+ years Filed as: PERSHING LLC Service code 33 · EIN 13-2741729	Finders' fees / placement fees; Other...	$7,011
ALIGHT SOLUTIONS LLC2 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 61 · EIN 82-1061233	Finders' fees / placement fees; Distr...	$512

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.
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

$1.9M

$67 / participant

Investment mgmt$228K12.3%
Contract admin$1M61.9%
Other / not subdivided$478K25.8%

% of EOY assets

0.183%

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

$43,809

$46,969-6.7%

$154,110-71.6%

$73,367-40.3%

Participation rate

60.2%

72.4%-12.2pp

83.0%-22.9pp

69.5%-9.3pp

Annual return

-5.73%

821.68%-827.4pp

735.22%-740.9pp

173.45%-179.2pp

Employer contribution / active EE

$1,199

$1,723-30.4%

$5,298-77.4%

$2,499-52.0%

Participant deferral / active EE

$2,481

$3,162-21.5%

$5,081-51.2%

$4,033-38.5%

Admin fee / account holder

$80

$47+72.2%

$13,412-99.4%

$68+17.4%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC2 years

Service code 15 · EIN 82-1061233

Recordkeeping

$1,146,089

AMERICAN REALTY ADVISORS4+ years

Filed as: AMERICAN RED CROSS

Service code 30 · EIN 53-0196605

Direct payment from the plan; Other f...

$238,909

NORTHERN TRUST COMPANY4+ years

Filed as: NORTHERN TRUST INC.

Service code 21 · EIN 36-1561860

Bank Trustee

$196,097

FINANCIAL ENGINES4+ years

Service code 26 · EIN 94-3250323

Advisory (Participants)

$120,780

KPMG LLP4+ years

Service code 10 · EIN 13-5565207

Accounting

$53,740

BALLARD SPAHR LLP4+ years

Filed as: BALLARD SPAHR LLC

Service code 29 · EIN 23-0382195

Legal

$18,425

THE BANK OF NEW YORK MELLON4+ years

Filed as: PERSHING LLC

Service code 33 · EIN 13-2741729

Finders' fees / placement fees; Other...

$7,011

ALIGHT SOLUTIONS LLC2 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 61 · EIN 82-1061233

Finders' fees / placement fees; Distr...

$512

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