Retirement plan

TEXELL CREDIT UNION 401K PLAN

Name: TEXELL CREDIT UNION - TEXELL CREDIT UNION 401K PLAN (2021) Form 5500
Creator: TEXELL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXELL CREDIT UNION 401K PLAN, TEXELL CREDIT UNION

TEXELL CREDIT UNIONEIN 74-1109882Plan #002PY 2021

17 SOUTH 1ST - TEMPLE, TX 76501254-773-1604texell.orgLinkedIn201-500 employeesbanking

Prospect flagsLow assets / participantLow participant contribution

Top hat statement on fileNQDC

Filed May 20, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$5.8M

+25.3% from 2020

Total participants

232

+24.1% from 2020

Average account balance

$30,831

+2.1% from 2020

Annual return

16.34%

-13.54 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.67M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

233

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.

83.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+23.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 65 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Account Maintenance	$31,757
GWN SECURITIES, INC4 years Filed as: GWN SECURITIES, INC. Service code 22	Insurance Broker	$19,597
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044	Recordkeeping	$10,105
INWEST RETIREMENT SOLUTIONS6+ years Service code 15 4305 N GARFIELD · MIDLAND, TX 79705	Recordkeeping	$7,482
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: MEEDER INVESTMENT MANAGEMENT Service code 22 · EIN 31-1332744	Insurance Broker	$5,120
GWN SECURITIES, INC4 years Service code 22 11440 N. JOG ROAD · PALM BEACH GARDENS, FL 33418	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$48K

$280 / participant

Investment mgmt$6K11.8%
Contract admin$37K76.6%
Other / not subdivided$6K11.6%

% of EOY assets

0.823%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PSK, LLP
Auditor EIN: 751486711
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,831

$121,341-74.6%

$189,513-83.7%

$79,386-61.2%

Participation rate

74.9%

86.1%-11.3pp

87.8%-13.0pp

70.7%+4.1pp

Annual return

16.34%

21.08%-4.7pp

555.15%-538.8pp

116.85%-100.5pp

Employer contribution / active EE

$1,772

$3,915-54.7%

$6,162-71.2%

$2,427-27.0%

Participant deferral / active EE

$2,708

$6,395-57.7%

$8,221-67.1%

$4,046-33.1%

Admin fee / account holder

$254

$651-61.1%

$12,045-97.9%

$626-59.5%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 65

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Account Maintenance

$31,757

GWN SECURITIES, INC4 years

Filed as: GWN SECURITIES, INC.

Service code 22

Insurance Broker

$19,597

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

Recordkeeping

$10,105

INWEST RETIREMENT SOLUTIONS6+ years

Service code 15

4305 N GARFIELD · MIDLAND, TX 79705

Recordkeeping

$7,482

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 22 · EIN 31-1332744

Insurance Broker

$5,120

GWN SECURITIES, INC4 years

Service code 22

11440 N. JOG ROAD · PALM BEACH GARDENS, FL 33418

Insurance Broker

TEXELL CREDIT UNION 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXELL CREDIT UNION 401K PLAN

Top hat statement on fileNQDC

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