Retirement plan

AMERICAS CREDIT UNION, A FEDERAL CREDIT UNION 401(K) SAVINGS PLAN

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

AMERICAS CREDIT UNION, A FEDERAL CREDIT UNIONEIN 91-0620623Plan #002PY 2017

P.O. BOX 5060 - DUPONT, WA 983275060253-964-6166

Other plans on this EIN

1 filing

#001Retirement-$7.0M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$7.2M

+24.3% from 2016

Total participants

200

+1.5% from 2016

Average account balance

$51,710

+18.0% from 2016

Annual return

19.70%

+13.23 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

$15.36M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

263

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PANAGIOTU PENSION ADVISORS, INC.2 years Filed as: PANAGIOTU PENSION ADVISORS Service code 13 · EIN 91-3464664 7350 CIRQUE DR. W. STE 201 · UNIVERSITY PLACE, WA 984672241	Contract Administrator	$4,500
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 64 · EIN 95-1411037	Recordkeeping Fees	$1,325

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$19 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 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: HAUSER JONES AND SAS PLLC
Auditor EIN: 451225955
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,710

$89,739-42.4%

$149,721-65.5%

$62,293-17.0%

Participation rate

65.9%

85.1%-19.2pp

87.1%-21.2pp

69.5%-3.6pp

Annual return

19.70%

21.01%-1.3pp

1501.67%-1482.0pp

28.90%-9.2pp

Employer contribution / active EE

$1,884

$3,233-41.7%

$5,444-65.4%

$2,042-7.8%

Participant deferral / active EE

$2,334

$4,797-51.3%

$6,568-64.5%

$3,169-26.3%

Admin fee / account holder

$24

$551-95.6%

$11,282-99.8%

$479-94.9%

Provider

Service type

Compensation

PANAGIOTU PENSION ADVISORS, INC.2 years

Filed as: PANAGIOTU PENSION ADVISORS

Service code 13 · EIN 91-3464664

7350 CIRQUE DR. W. STE 201 · UNIVERSITY PLACE, WA 984672241

Contract Administrator

$4,500

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 64 · EIN 95-1411037

Recordkeeping Fees

$1,325

AMERICAS CREDIT UNION, A FEDERAL CREDIT UNION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAS CREDIT UNION, A FEDERAL CREDIT UNION 401(K) SAVINGS 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