Retirement plan

SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN

Name: SAM HOUSTON ELECTRIC COOPERATIVE, INC. - SAM HOUSTON ELECTRIC COOPERATIVE, INC. PENSION PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$32.4M

-17.3% from 2021

Total participants

172

+2.4% from 2021

Average account balance

$192,585

-17.8% from 2021

Annual return

-13.93%

-24.76 pp from 2021

Benchmarks

See 181 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort181 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$145,017
CETERA ADVISOR NETWORKS LLC8+ years Filed as: CETERA ADVISORS LLC Service code 27 · EIN 84-0858799	Advisory (Plan)	$54,183
ALLIANCE BENEFIT GROUP8+ years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 13 · EIN 76-0500416	Contract Administrator	$48,106
AXLEY & RODE, LLP3 years Service code 10	Accounting	$12,500
AXLEY & RODE, LLP1 year Filed as: AXLEY & RODE Service code 10 · EIN 75-0767305	Accounting	$0

Plan features & details

Pension benefit codes2C2E2F2G2J2T

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.

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

$139K

$877 / participant

Investment mgmt$2740.2%
Contract admin$131K94.5%
Other / not subdivided$7K5.3%

% of EOY assets

0.428%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$192,585

$99,016+94.5%

$93,786+105.3%

$66,949+187.7%

Participation rate

97.5%

82.1%+15.3pp

81.0%+16.5pp

69.8%+27.6pp

Annual return

-13.93%

-14.59%+0.7pp

-11.32%-2.6pp

1.57%-15.5pp

Employer contribution / active EE

$4,899

$4,769+2.7%

$4,328+13.2%

$2,545+92.5%

Participant deferral / active EE

$6,909

$6,689+3.3%

$6,100+13.3%

$4,239+63.0%

Admin fee / account holder

$825

$477+72.8%

$7,184-88.5%

$594+39.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$145,017

CETERA ADVISOR NETWORKS LLC8+ years

Filed as: CETERA ADVISORS LLC

Service code 27 · EIN 84-0858799

Advisory (Plan)

$54,183

ALLIANCE BENEFIT GROUP8+ years

Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON

Service code 13 · EIN 76-0500416

Contract Administrator

$48,106

AXLEY & RODE, LLP3 years

Service code 10

Accounting

$12,500

AXLEY & RODE, LLP1 year

Filed as: AXLEY & RODE

Service code 10 · EIN 75-0767305

Accounting

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