Retirement plan

GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN

Name: GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION - GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN (2016) Form 5500
Creator: GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN, GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION

GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNIONEIN 74-1557545Plan #033PY 2016

PO BOX 3429 - GALVESTON, TX 775520429409-762-4974

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$336K

+8.6% from 2015

Total participants

+33.3% from 2015

Average account balance

$112,142

+8.6% from 2015

Annual return

4.39%

+6.21 pp from 2015

Benchmarks

See 30,342 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,342 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$291K

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+3.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9137

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 codes2F2G2J2E2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$3K

$1306 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.776%

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

$112,142

$153,769-27.1%

$133,975-16.3%

$273,972-59.1%

Participation rate

50.0%

88.4%-38.4pp

87.1%-37.1pp

83.0%-33.0pp

Annual return

4.39%

36.51%-32.1pp

29.29%-24.9pp

41.46%-37.1pp

Employer contribution / active EE

$3,139

$6,029-47.9%

$5,211-39.8%

$4,869-35.5%

Participant deferral / active EE

$3,348

$6,958-51.9%

$6,282-46.7%

$5,287-36.7%

Admin fee / account holder

$870

$11,765-92.6%

$9,324-90.7%

$10,133-91.4%

GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION CAPITAL ACCUMULATION 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