Retirement plan

CARNEGIE TELEPHONE COMPANY EMPLOYEE PENSION TRUST

Name: CARNEGIE TELEPHONE COMPANY - CARNEGIE TELEPHONE COMPANY EMPLOYEE PENSION TRUST (2023) Form 5500
Creator: CARNEGIE TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARNEGIE TELEPHONE COMPANY EMPLOYEE PENSION TRUST, CARNEGIE TELEPHONE COMPANY

CARNEGIE TELEPHONE COMPANYEIN 73-0673928Plan #001PY 2023

P.O. BOX 96 - CARNEGIE, OK 73015580-654-1002carnegietelco.comLinkedIn11-50 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$360K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+12.4% from 2022

Total participants

+9.1% from 2022

Average account balance

$123,518

+3.0% from 2022

Annual return

7.69%

+23.25 pp from 2022

Benchmarks

See 11,286 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort11,286 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.48M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

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

+7.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2294

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 codes2C2G3D

Plan features

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

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

$28K

$2294 / participant

Other / not subdivided$28K100.0%

% of EOY assets

1.857%

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

$123,518

$105,149+17.5%

$94,659+30.5%

$139,427-11.4%

Participation rate

100.0%

82.4%+17.6pp

80.8%+19.2pp

80.3%+19.7pp

Annual return

7.69%

38.04%-30.4pp

156.75%-149.1pp

373.27%-365.6pp

Employer contribution / active EE

$5,187

$4,106+26.3%

$3,673+41.2%

$4,752+9.2%

Participant deferral / active EE

$7,600-100.0%

$7,419-100.0%

$6,711-100.0%

Admin fee / account holder

$2,294

$8,986-74.5%

$7,232-68.3%

$11,404-79.9%

CARNEGIE TELEPHONE COMPANY EMPLOYEE PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARNEGIE TELEPHONE COMPANY EMPLOYEE PENSION 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