Retirement plan

COPPER BASIN FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

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

COPPER BASIN FEDERAL CUEIN 62-6075431Plan #001PY 2016

771 OCOEE ST - COPPERHILL, TN 373174110423-496-7554cbfcreditunion.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$734K

No prior year

Total participants

No prior year

Average account balance

$61,192

No prior year

Annual return

8.82%

No prior year

Benchmarks

See 228 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants<25

Cohort228 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$719K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2C2F2G3D

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.
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

1 tripped

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

$31K

$2859 / participant

Other / not subdivided$31K100.0%

% of EOY assets

4.283%

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

$61,192

$78,988-22.5%

$273,968-77.7%

Participation rate

100.0%

74.5%+25.5pp

83.0%+17.0pp

Annual return

8.82%

18.48%-9.7pp

41.45%-32.6pp

Employer contribution / active EE

$2,346

$4,066-42.3%

$4,869-51.8%

Participant deferral / active EE

$3,397-100.0%

$5,287-100.0%

Admin fee / account holder

$2,621

$13,270-80.2%

$10,132-74.1%

COPPER BASIN FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COPPER BASIN FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

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