Retirement plan

PIONEER FEDERAL CREDIT UNION 401(K) PLAN & TRUST

Name: PIONEER FEDERAL CREDIT UNION - PIONEER FEDERAL CREDIT UNION 401(K) PLAN & TRUST (2017) Form 5500
Creator: PIONEER FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIONEER FEDERAL CREDIT UNION 401(K) PLAN & TRUST, PIONEER FEDERAL CREDIT UNION

PIONEER FEDERAL CREDIT UNIONEIN 82-0230214Plan #002PY 2017

250 WEST 3RD SOUTH - MOUNTAIN HOME, ID 83647208-587-3304pioneerfcu.orgLinkedIn51-200 employeesfinancial services

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed August 8, 2019 (most recent of 2 filings on file)

Plan administrator

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250 W 3rd South

Mountain Home, ID 83647

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Plans declared (1)

Retention Payment Plan1 emp

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Total assets (EOY)

$5.9M

+27.7% from 2016

Total participants

182

+19.7% from 2016

Average account balance

$33,536

+7.4% from 2016

Annual return

21.38%

+10.97 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.15M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

222

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$52,115
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE Service code 52 · EIN 52-2264646	Indirect Investment Fees	$6,705
IVY FUNDS1 year Filed as: DLEAWARE INVESTMENTS Service code 52	Indirect Investment Fees	$2,787
PINNACLE PENSION SERVICES2 years Service code 13	Contract Administrator	$2,538
NORTHERN FUNDS1 year Service code 52 · EIN 39-1777365	Indirect Investment Fees	$1,437
AB FUNDS1 year Service code 52 · EIN 13-4064930	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
DELAWARE INVESTMENTS1 year Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 28 · EIN 61-1732930	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$192 / participant

Investment mgmt$30K100.0%

% of EOY assets

0.500%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,536

$89,739-62.6%

$149,721-77.6%

$62,293-46.2%

Participation rate

96.1%

85.1%+11.0pp

87.1%+9.0pp

69.5%+26.6pp

Annual return

21.38%

21.01%+0.4pp

1501.67%-1480.3pp

28.90%-7.5pp

Employer contribution / active EE

$1,588

$3,233-50.9%

$5,444-70.8%

$2,042-22.2%

Participant deferral / active EE

$2,495

$4,797-48.0%

$6,568-62.0%

$3,169-21.3%

Admin fee / account holder

$168

$551-69.6%

$11,282-98.5%

$479-65.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$52,115

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE

Service code 52 · EIN 52-2264646

Indirect Investment Fees

$6,705

IVY FUNDS1 year

Filed as: DLEAWARE INVESTMENTS

Service code 52

Indirect Investment Fees

$2,787

PINNACLE PENSION SERVICES2 years

Service code 13

Contract Administrator

$2,538

NORTHERN FUNDS1 year

Service code 52 · EIN 39-1777365

Indirect Investment Fees

$1,437

AB FUNDS1 year

Service code 52 · EIN 13-4064930

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

DELAWARE INVESTMENTS1 year

Service code 52 · EIN 23-2651520

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 28 · EIN 61-1732930

Investment Management

PIONEER FEDERAL CREDIT UNION 401(K) PLAN & 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

PIONEER FEDERAL CREDIT UNION 401(K) PLAN & 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