Retirement plan

TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. RETIREMENT PLAN

Name: TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. - TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. RETIREMENT PLAN (2020) Form 5500
Creator: TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. RETIREMENT PLAN, TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC.

TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC.EIN 62-0382231Plan #003PY 2020

590 FLORENCE ROAD - SAVANNAH, TN 38372731-925-4916tvec.comLinkedIn51-200 employeesutilities

Other plans on this EIN

1 filing

#002Retirement-$9.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$20.7M

+9.1% from 2019

Total participants

+3.5% from 2019

Average account balance

$235,568

+5.4% from 2019

Annual return

8.87%

+6.44 pp from 2019

Benchmarks

See 569 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort569 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.70M

Not enough data

1 years with asset history on file

Average account balance

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

$252K

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.

118.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$412K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+21.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8171

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$458K

$6365 / participant

Other / not subdivided$458K100.0%

% of EOY assets

2.211%

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

$235,568

$88,370+166.6%

$112,977+108.5%

$79,856+195.0%

Participation rate

100.0%

76.8%+23.2pp

82.6%+17.4pp

69.6%+30.4pp

Annual return

8.87%

23.16%-14.3pp

24.24%-15.4pp

31.71%-22.8pp

Employer contribution / active EE

$6,966

$3,398+105.0%

$4,255+63.7%

$2,471+181.9%

Participant deferral / active EE

$4,536-100.0%

$5,836-100.0%

$3,741-100.0%

Admin fee / account holder

$5,208

$5,750-9.4%

$6,294-17.3%

$5,306-1.9%

TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TENNESSEE VALLEY ELECTRIC COOPERATIVE, INC. RETIREMENT 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