Retirement plan

METHODIST HEALTH SYSTEMS FED CREDIT UNION P/P

Name: METHODIST HLTH SYS FED CR UNION - METHODIST HEALTH SYSTEMS FED CREDIT UNION P/P (2016) Form 5500
Creator: METHODIST HLTH SYS FED CR UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METHODIST HEALTH SYSTEMS FED CREDIT UNION P/P, METHODIST HLTH SYS FED CR UNION

METHODIST HLTH SYS FED CR UNIONEIN 62-0681601Plan #002PY 2016

3980 NEW COVINGTON PIKE #302, PO BOX 280387 - CORDOVA, TN 380164991901-453-3500methodistcu.orgLinkedIn11-50 employeesbanking

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$505K

+9.1% from 2015

Total participants

-19.0% from 2015

Average account balance

$31,536

+43.2% from 2015

Annual return

3.88%

+3.18 pp from 2015

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

$477K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

222.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+19.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20940

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 codes2E2F2G2J3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant 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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$1239 / participant

Other / not subdivided$16K100.0%

% of EOY assets

3.192%

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

$31,536

$153,769-79.5%

$133,975-76.5%

$273,972-88.5%

Participation rate

92.3%

88.4%+3.9pp

87.1%+5.2pp

83.0%+9.3pp

Annual return

3.88%

36.51%-32.6pp

29.29%-25.4pp

41.46%-37.6pp

Employer contribution / active EE

$1,738

$6,029-71.2%

$5,211-66.6%

$4,869-64.3%

Participant deferral / active EE

$1,334

$6,958-80.8%

$6,282-78.8%

$5,287-74.8%

Admin fee / account holder

$1,007

$11,765-91.4%

$9,324-89.2%

$10,133-90.1%

METHODIST HEALTH SYSTEMS FED CREDIT UNION P/P

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METHODIST HEALTH SYSTEMS FED CREDIT UNION P/P

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