Retirement plan

SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN

Name: SAM HOUSTON ELECTRIC COOPERATIVE, INC. - SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN (2016) Form 5500
Creator: SAM HOUSTON ELECTRIC COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN, SAM HOUSTON ELECTRIC COOPERATIVE, INC.

SAM HOUSTON ELECTRIC COOPERATIVE, INC.EIN 74-0695563Plan #002PY 2016

1157 E. CHURCH STREET - LIVINGSTON, TX 77351936-328-1214LinkedIn51-200 employeesutilities

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$27.3M

+8.4% from 2015

Total participants

162

-3.0% from 2015

Average account balance

$168,747

+9.0% from 2015

Annual return

7.28%

+8.44 pp from 2015

Benchmarks

See 150 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort150 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.33M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

182

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+9.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$671

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC2+ years Filed as: CETERA ADVISORS LLC Service code 49 · EIN 84-0858799	Other Services	$60,793
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416 7425 HOLLISTER ST. · HOUSTON, TX 77040	Contract Administrator	$39,256
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$14,772
THE BANK OF NEW YORK MELLON1 year Filed as: PERSHING Service code 33 · EIN 13-2741729	Securities brokerage; Recordkeeping f...	$11,302

Plan features & details

Pension benefit codes2C2E2F2G2J2T3D

Plan features

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21K

$134 / participant

Contract admin$21K100.0%

% of EOY assets

0.075%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: AXLEY RODE, LLP
Auditor EIN: 750767305
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,747

$91,051+85.3%

$88,497+90.7%

$55,167+205.9%

Participation rate

100.0%

79.5%+20.5pp

82.4%+17.6pp

69.0%+31.0pp

Annual return

7.28%

9.63%-2.3pp

7.63%-0.3pp

169.23%-162.0pp

Employer contribution / active EE

$3,946

$3,430+15.0%

$4,036-2.2%

$1,963+101.1%

Participant deferral / active EE

$4,255

$4,954-14.1%

$4,899-13.1%

$3,054+39.3%

Admin fee / account holder

$127

$539-76.4%

$6,220-98.0%

$504-74.8%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC2+ years

Filed as: CETERA ADVISORS LLC

Service code 49 · EIN 84-0858799

Other Services

$60,793

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON

Service code 13 · EIN 76-0500416

7425 HOLLISTER ST. · HOUSTON, TX 77040

Contract Administrator

$39,256

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$14,772

THE BANK OF NEW YORK MELLON1 year

Filed as: PERSHING

Service code 33 · EIN 13-2741729

Securities brokerage; Recordkeeping f...

$11,302

SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION 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