Retirement plan

FAMILY TRUST FEDERAL CREDIT UNION 401(K) PLAN

Name: FAMILY TRUST FED. CREDIT UNION - FAMILY TRUST FEDERAL CREDIT UNION 401(K) PLAN (2020) Form 5500
Creator: FAMILY TRUST FED. CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY TRUST FEDERAL CREDIT UNION 401(K) PLAN, FAMILY TRUST FED. CREDIT UNION

FAMILY TRUST FED. CREDIT UNIONEIN 57-0400781Plan #033PY 2020

PO BOX 10233 - ROCK HILL, SC 29731803-367-4100familytrust.orgLinkedIn51-200 employeesfinancial services

Other plans on this EIN

1 filing

#022Retirement-$12.6M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 27, 2006 (most recent of 2 filings on file)

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)

$10.1M

+2.6% from 2019

Total participants

166

0.0% from 2019

Average account balance

$60,713

+0.1% from 2019

Annual return

14.66%

-13.69 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.92M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

161

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.

47.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$737K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 49 · EIN 04-1590850	Other Services	$13,762
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-2482877	Indirect Investment Fees	$0
DOUBLELINE CAPITAL LP4 years Filed as: DOUBLELINE FUNDS Service code 52 · EIN 39-1982827	Indirect Investment Fees	$0
IVY FUNDS1 year Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
PGIM INVESTMENTS4 years Service code 52 · EIN 13-3040042	Indirect Investment Fees	$0
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1151266	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD Service code 52 · EIN 51-0082711	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$14K

$89 / participant

Investment mgmt$12K86.3%
Contract admin$2K11.4%
Other / not subdivided$3172.3%

% of EOY assets

0.137%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,713

$136,307-55.5%

$177,821-65.9%

$73,488-17.4%

Participation rate

100.0%

86.1%+13.9pp

87.7%+12.3pp

70.7%+29.3pp

Annual return

14.66%

18.68%-4.0pp

48.32%-33.7pp

28.51%-13.9pp

Employer contribution / active EE

$3,052

$3,712-17.8%

$5,918-48.4%

$2,270+34.5%

Participant deferral / active EE

$3,408

$5,829-41.5%

$7,714-55.8%

$3,740-8.9%

Admin fee / account holder

$83

$596-86.1%

$12,427-99.3%

$513-83.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 49 · EIN 04-1590850

Other Services

$13,762

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-2482877

Indirect Investment Fees

DOUBLELINE CAPITAL LP4 years

Filed as: DOUBLELINE FUNDS

Service code 52 · EIN 39-1982827

Indirect Investment Fees

IVY FUNDS1 year

Service code 52 · EIN 04-6006759

Indirect Investment Fees

PGIM INVESTMENTS4 years

Service code 52 · EIN 13-3040042

Indirect Investment Fees

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1151266

Indirect Investment Fees

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD

Service code 52 · EIN 51-0082711

Indirect Investment Fees

FAMILY TRUST FEDERAL CREDIT UNION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY TRUST FEDERAL CREDIT UNION 401(K) 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