Retirement plan

NORTHERN NEW MEXICO SCHOOL EMPLOYEES FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Name: NORTHERN NEW MEXICO SCHOOL EFCU - NORTHERN NEW MEXICO SCHOOL EMPLOYEES FEDERAL CREDIT UNION 401(K) PLAN AND TRUST (2019) Form 5500
Creator: NORTHERN NEW MEXICO SCHOOL EFCU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN NEW MEXICO SCHOOL EMPLOYEES FEDERAL CREDIT UNION 401(K) PLAN AND TRUST, NORTHERN NEW MEXICO SCHOOL EFCU

NORTHERN NEW MEXICO SCHOOL EFCUEIN 85-6073289Plan #002PY 2019

614 ALTA VISTA ST - SANTA FE, NM 875054149505-982-3802nnmc.eduLinkedIn201-500 employeeshigher education

Other plans on this EIN

1 filing

#003Retirement-$1.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$462K

-16.9% from 2018

Total participants

+33.3% from 2018

Average account balance

$57,762

-37.7% from 2018

Annual return

6.87%

+8.75 pp from 2018

Benchmarks

See 31,991 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,991 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$583K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1115

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 codes2F2G2T2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$150K

$30076 / participant

Other / not subdivided$150K100.0%

% of EOY assets

32.543%

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

$57,762

$183,988-68.6%

$162,177-64.4%

$152,897-62.2%

Participation rate

100.0%

88.5%+11.5pp

87.6%+12.4pp

82.5%+17.5pp

Annual return

6.87%

150.79%-143.9pp

115.60%-108.7pp

345.43%-338.6pp

Employer contribution / active EE

$6,370-100.0%

$5,613-100.0%

$4,764-100.0%

Participant deferral / active EE

$3,570

$8,032-55.6%

$7,297-51.1%

$5,851-39.0%

Admin fee / account holder

$18,797

$13,123+43.2%

$10,843+73.4%

$11,599+62.1%

NORTHERN NEW MEXICO SCHOOL EMPLOYEES FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN NEW MEXICO SCHOOL EMPLOYEES FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

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