Retirement plan

OUACHITA VALLEY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Name: OUACHITA VALLEY FEDERAL CREDIT UNION - OUACHITA VALLEY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST (2019) Form 5500
Creator: OUACHITA VALLEY FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OUACHITA VALLEY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST, OUACHITA VALLEY FEDERAL CREDIT UNION

OUACHITA VALLEY FEDERAL CREDIT UNIONEIN 72-0568100Plan #003PY 2019

PO DRAWER 1477 - WEST MONROE, LA 712921477318-387-4592ouachitavalleyfcu.orgLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$5.9M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$802K

+39.1% from 2018

Total participants

115

+6.5% from 2018

Average account balance

$9,329

+37.5% from 2018

Annual return

24.20%

+30.17 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.31M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

106

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$322K

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

+18.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$408

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 codes2F2G2T2J3D2E

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$10K

$100 / participant

Other / not subdivided$10K100.0%

% of EOY assets

1.278%

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

$9,329

$98,982-90.6%

$162,185-94.2%

$65,186-85.7%

Participation rate

71.8%

85.8%-13.9pp

87.6%-15.7pp

70.2%+1.6pp

Annual return

24.20%

24.84%-0.6pp

115.61%-91.4pp

29.39%-5.2pp

Employer contribution / active EE

$3,467-100.0%

$5,613-100.0%

$2,177-100.0%

Participant deferral / active EE

$879

$5,384-83.7%

$7,297-88.0%

$3,514-75.0%

Admin fee / account holder

$119

$596-80.0%

$10,844-98.9%

$847-85.9%

OUACHITA VALLEY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OUACHITA VALLEY FEDERAL CREDIT UNION 401(K) 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