Retirement plan

NORTHWEST VOLUNTEER FIRE DEPARTMENT 403(B) PLAN

Name: NORTHWEST VOLUNTEER FIRE DEPARTMENT - NORTHWEST VOLUNTEER FIRE DEPARTMENT 403(B) PLAN (2017) Form 5500
Creator: NORTHWEST VOLUNTEER FIRE DEPARTMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWEST VOLUNTEER FIRE DEPARTMENT 403(B) PLAN, NORTHWEST VOLUNTEER FIRE DEPARTMENT

NORTHWEST VOLUNTEER FIRE DEPARTMENTEIN 74-1695633Plan #001PY 2017

7706 FALLBROOK DR - HOUSTON, TX 77086281-583-8014northwestfiredept.comLinkedIn51-200 employeespublic safety

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+59.3% from 2016

Total participants

-40.3% from 2016

Average account balance

$36,310

+42.9% from 2016

Annual return

17.36%

+9.23 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.29M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

75.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$960K

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10721

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 codes2F2G2M2S2T

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$35K

$1128 / participant

Other / not subdivided$35K100.0%

% of EOY assets

2.470%

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

$36,310

$53,128-31.7%

$86,582-58.1%

$70,126-48.2%

Participation rate

96.8%

65.3%+31.5pp

73.5%+23.2pp

69.5%+27.2pp

Annual return

17.36%

27.66%-10.3pp

965.08%-947.7pp

73.15%-55.8pp

Employer contribution / active EE

$7,908

$2,068+282.4%

$2,839+178.5%

$2,343+237.6%

Participant deferral / active EE

$5,228

$2,695+94.0%

$3,609+44.9%

$3,332+56.9%

Admin fee / account holder

$897

$3,584-75.0%

$4,904-81.7%

$4,645-80.7%

NORTHWEST VOLUNTEER FIRE DEPARTMENT 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWEST VOLUNTEER FIRE DEPARTMENT 403(B) 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