Retirement plan

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT 401(K) PLAN

Name: NATIONAL ASSOCIATION OF CREDIT MANAGEMENT - NATIONAL ASSOCIATION OF CREDIT MANAGEMENT 401(K) PLAN (2019) Form 5500
Creator: NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ASSOCIATION OF CREDIT MANAGEMENT 401(K) PLAN, NATIONAL ASSOCIATION OF CREDIT MANAGEMENT

NATIONAL ASSOCIATION OF CREDIT MANAGEMENTEIN 91-0402070Plan #002PY 2019

2118 3RD AVE. - SEATTLE, WA 98121800-423-5710

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.8M

+6.1% from 2018

Total participants

+5.6% from 2018

Average account balance

$155,013

+6.1% from 2018

Annual return

3.35%

-11.43 pp from 2018

Benchmarks

See 31,989 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,989 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.89M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$76K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+6.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1156

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 codes2E2F2G2J2T3D

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

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

$64K

$4290 / participant

Other / not subdivided$64K100.0%

% of EOY assets

2.306%

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

$155,013

$184,000-15.8%

$162,185-4.4%

$152,909+1.4%

Participation rate

93.3%

88.5%+4.8pp

87.6%+5.8pp

82.5%+10.9pp

Annual return

3.35%

150.80%-147.4pp

115.61%-112.3pp

345.46%-342.1pp

Employer contribution / active EE

$1,766

$6,370-72.3%

$5,613-68.5%

$4,764-62.9%

Participant deferral / active EE

$6,365

$8,033-20.8%

$7,297-12.8%

$5,851+8.8%

Admin fee / account holder

$3,575

$13,124-72.8%

$10,844-67.0%

$11,601-69.2%

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ASSOCIATION OF CREDIT MANAGEMENT 401(K) 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