Retirement plan

SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Name: SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION - SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION MONEY PURCHASE PLAN AND TRUST (2016) Form 5500
Creator: SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION MONEY PURCHASE PLAN AND TRUST, SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION

SARASOTA MUNICIPAL EMPLOYEES CREDIT UNIONEIN 59-0965738Plan #001PY 2016

1558 1ST ST - SARASOTA, FL 342368502941-953-67441streetcu.comLinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$445K

No prior year

Total participants

No prior year

Average account balance

$44,480

No prior year

Annual return

6.08%

No prior year

Benchmarks

See 30,342 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,342 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$332K

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$485

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23227

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 codes2C3D2T2D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

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

$44,480

$153,769-71.1%

$133,975-66.8%

$273,972-83.8%

Participation rate

100.0%

88.4%+11.6pp

87.1%+12.9pp

83.0%+17.0pp

Annual return

6.08%

36.51%-30.4pp

29.29%-23.2pp

41.46%-35.4pp

Employer contribution / active EE

$5,301

$6,029-12.1%

$5,211+1.7%

$4,869+8.9%

Participant deferral / active EE

$6,958-100.0%

$6,282-100.0%

$5,287-100.0%

Admin fee / account holder

$11,765-100.0%

$9,324-100.0%

$10,133-100.0%

SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SARASOTA MUNICIPAL EMPLOYEES CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion