Retirement plan

AFSCME EMPLOYEES SALARY SAVINGS PLAN

Name: AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES - AFSCME EMPLOYEES SALARY SAVINGS PLAN (2017) Form 5500
Creator: AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFSCME EMPLOYEES SALARY SAVINGS PLAN, AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES

AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEESEIN 53-0237789Plan #002PY 2017

1625 L ST., N.W. - WASHINGTON, DC 200365687202-429-1000LinkedIn11-50 employees

Other plans on this EIN

1 filing

#001Retirement-$1.37B assets

Prospect flagsLow returnsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$172.8M

+0.1% from 2016

Total participants

1,927

+3.4% from 2016

Average account balance

$89,688

-3.2% from 2016

Annual return

11.61%

-3.27 pp from 2016

Benchmarks

See 217 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort217 peers

Snapshot2017

Participant deferral / active EE

$5,404

median $1,287

Employer contribution / active EE

$160

median $747

Participation rate

100.0%

median 71.5%

Avg account balance

$89,688

median $28,002

Admin fee / account holder

$17

median $45

Annual return

11.61%

median 16.70%

Overall peer rank

60of 100

60th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$195.31M

Average account balance

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

$126K

Participants with account balance

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

1,548

Eligible Participants and Participation

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

96.0%

Contributions (total)

Employer and participant dollars contributed each year

$7.45M

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.19%

Admin fee / account holder

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

$21

Asset composition

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

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 1 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 37 · EIN 06-1050034	Loan Processing	$33,448

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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$33K

$23 / participant

Contract admin$33K100.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH AND BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,688

$41,256+117.4%

$86,593+3.6%

$77,958+15.0%

Participation rate

100.0%

63.0%+37.0pp

73.5%+26.5pp

71.6%+28.4pp

Annual return

11.61%

17.67%-6.1pp

965.08%-953.5pp

20.87%-9.3pp

Employer contribution / active EE

$160

$1,613-90.1%

$2,840-94.4%

$2,310-93.1%

Participant deferral / active EE

$5,404

$2,332+131.7%

$3,609+49.7%

$3,537+52.8%

Admin fee / account holder

$17

$71-75.5%

$4,904-99.6%

$97-82.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 37 · EIN 06-1050034

Loan Processing

$33,448

AFSCME EMPLOYEES SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFSCME EMPLOYEES SALARY SAVINGS 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