Retirement plan

SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN

Name: SAM HOUSTON ELECTRIC COOPERATIVE, INC. - SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$34.5M

+7.6% from 2019

Total participants

166

+3.8% from 2019

Average account balance

$214,015

+5.6% from 2019

Annual return

13.12%

-4.93 pp from 2019

Benchmarks

See 172 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort172 peers

Snapshot2020

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$137,237
CETERA ADVISOR NETWORKS LLC6+ years Filed as: CETERA ADVISORS LLC Service code 27 · EIN 84-0858799	Advisory (Plan)	$50,877
ALLIANCE BENEFIT GROUP1 year Service code 13	Contract Administrator	$42,815
ALLIANCE BENEFIT GROUP6+ years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416	Contract Administrator	$42,815
AXLEY & RODE, LLP1 year Service code 10 · EIN 75-0767305	Accounting	$5,844

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

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

$135K

$847 / participant

Investment mgmt$7750.6%
Contract admin$126K93.8%
Other / not subdivided$8K5.6%

% of EOY assets

0.391%

all-in expense ratio

Categories reported

2 / 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

$214,015

$118,971+79.9%

$112,977+89.4%

$73,497+191.2%

Participation rate

96.9%

83.3%+13.5pp

82.6%+14.3pp

70.7%+26.2pp

Annual return

13.12%

17.79%-4.7pp

24.24%-11.1pp

28.51%-15.4pp

Employer contribution / active EE

$4,365

$4,091+6.7%

$4,255+2.6%

$2,270+92.3%

Participant deferral / active EE

$5,732

$6,133-6.5%

$5,836-1.8%

$3,740+53.3%

Admin fee / account holder

$837

$573+46.0%

$6,294-86.7%

$513+63.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$137,237

CETERA ADVISOR NETWORKS LLC6+ years

Filed as: CETERA ADVISORS LLC

Service code 27 · EIN 84-0858799

Advisory (Plan)

$50,877

ALLIANCE BENEFIT GROUP1 year

Service code 13

Contract Administrator

$42,815

ALLIANCE BENEFIT GROUP6+ years

Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON

Service code 13 · EIN 76-0500416

Contract Administrator

$42,815

AXLEY & RODE, LLP1 year

Service code 10 · EIN 75-0767305

Accounting

$5,844

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