Retirement plan

NORTH CAROLINA ASSOCIATION OF EDUCATORS 401(K) PLAN

Name: NORTH CAROLINA ASSOCIATION OF EDUCATORS,INC. - NORTH CAROLINA ASSOCIATION OF EDUCATORS 401(K) PLAN (2016) Form 5500
Creator: NORTH CAROLINA ASSOCIATION OF EDUCATORS,INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH CAROLINA ASSOCIATION OF EDUCATORS 401(K) PLAN, NORTH CAROLINA ASSOCIATION OF EDUCATORS,INC.

NORTH CAROLINA ASSOCIATION OF EDUCATORS,INC.EIN 56-0948289Plan #001PY 2016

700 S SALISBURY STREET - RALEIGH, NC 27601919-832-3000ncae.orgLinkedIn51-200 employeeseducation management

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3.9M

-4.6% from 2015

Total participants

-7.3% from 2015

Average account balance

$88,652

+4.1% from 2015

Annual return

4.15%

+3.95 pp from 2015

Benchmarks

See 3,682 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,682 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$253K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8661

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

2 tripped

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

$535K

$15288 / participant

Other / not subdivided$535K100.0%

% of EOY assets

13.718%

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

$88,652

$39,132+126.5%

$57,196+55.0%

$62,881+41.0%

Participation rate

80.0%

70.5%+9.5pp

75.3%+4.7pp

69.3%+10.7pp

Annual return

4.15%

9.24%-5.1pp

14.59%-10.4pp

20.14%-16.0pp

Employer contribution / active EE

$137

$1,874-92.7%

$2,683-94.9%

$2,281-94.0%

Participant deferral / active EE

$3,923

$2,374+65.2%

$3,096+26.7%

$3,203+22.5%

Admin fee / account holder

$12,161

$2,594+368.8%

$3,141+287.2%

$4,296+183.1%

NORTH CAROLINA ASSOCIATION OF EDUCATORS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH CAROLINA ASSOCIATION OF EDUCATORS 401(K) 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