Retirement plan

P1FCU 401(K) PLAN AND TRUST

Name: POTLACH NO. 1 FINANCIAL CREDIT UNION - P1FCU 401(K) PLAN AND TRUST (2023) Form 5500
Creator: POTLACH NO. 1 FINANCIAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, P1FCU 401(K) PLAN AND TRUST, POTLACH NO. 1 FINANCIAL CREDIT UNION

POTLACH NO. 1 FINANCIAL CREDIT UNIONEIN 82-0201645Plan #002PY 2023

1025 WARNER AVENUE, P.O. BOX 897 - LEWISTON, ID 83501208-746-8900

Other plans on this EIN

1 filing

#001Retirement-$60.3M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 3, 2020 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

PO Box 897

Lewiston, ID 83501

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Plans declared (1)

Retention Payment Plan10 emp

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Total assets (EOY)

$23.7M

+30.8% from 2022

Total participants

492

+8.1% from 2022

Average account balance

$49,420

+21.3% from 2022

Annual return

20.62%

+38.73 pp from 2022

Benchmarks

See 1,521 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,521 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.58M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

501

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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 2 by compensation

Provider	Service type	Compensation
CMFG LIFE INSURANCE COMPANY9+ years Service code 15 · EIN 39-0230590	Recordkeeping	$25,008
MINNESOTA LIFE INSURANCE COMPANY3 years Service code 13 · EIN 41-0417830	Contract Administrator	$2,610

Plan features & details

Pension benefit codes2E2F2G2I2K2S2T3D

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.
2I
Stock bonus
Stock bonus plan.
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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$28K

$60 / participant

Recordkeeping$15K55.7%
Contract admin$12K44.3%

% of EOY assets

0.116%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,420

$100,272-50.7%

$170,057-70.9%

$74,473-33.6%

Participation rate

97.4%

87.4%+10.0pp

87.0%+10.4pp

70.7%+26.6pp

Annual return

20.62%

66.12%-45.5pp

53.42%-32.8pp

34.36%-13.7pp

Employer contribution / active EE

$2,641

$4,266-38.1%

$6,790-61.1%

$2,638+0.1%

Participant deferral / active EE

$4,901

$7,147-31.4%

$10,411-52.9%

$4,530+8.2%

Admin fee / account holder

$58

$235-75.5%

$12,826-99.6%

$347-83.4%

Provider

Service type

Compensation

CMFG LIFE INSURANCE COMPANY9+ years

Service code 15 · EIN 39-0230590

Recordkeeping

$25,008

MINNESOTA LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 41-0417830

Contract Administrator

$2,610

P1FCU 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

P1FCU 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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