Retirement plan

WASHINGTON ASSOCIATION. OF SHERIFFS & POLICE CHIEFS MONEY PURCHASE PLAN

Name: WASHINGTON ASSOC. OF SHERIFFS & POLICE CHIEFS - WASHINGTON ASSOCIATION. OF SHERIFFS & POLICE CHIEFS MONEY PURCHASE PLAN (2016) Form 5500
Creator: WASHINGTON ASSOC. OF SHERIFFS & POLICE CHIEFS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON ASSOCIATION. OF SHERIFFS & POLICE CHIEFS MONEY PURCHASE PLAN, WASHINGTON ASSOC. OF SHERIFFS & POLICE CHIEFS

WASHINGTON ASSOC. OF SHERIFFS & POLICE CHIEFSEIN 91-0961051Plan #002PY 2016

3060 WILLIAMETTE DRIVE NORTHEAST, STE 200 - LACEY, WA 98516360-486-2380LinkedIn1-10 employeeslaw enforcement

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+9.3% from 2015

Total participants

0.0% from 2015

Average account balance

$74,141

+9.3% from 2015

Annual return

8.40%

+5.56 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.43M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

115.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

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

+22.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43703

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 codes2C2F2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$86K

$4785 / participant

Other / not subdivided$86K100.0%

% of EOY assets

4.647%

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

$74,141

$90,486-18.1%

$78,676-5.8%

$273,972-72.9%

Participation rate

100.0%

76.5%+23.5pp

73.6%+26.4pp

83.0%+17.0pp

Annual return

8.40%

75.62%-67.2pp

62.19%-53.8pp

41.46%-33.1pp

Employer contribution / active EE

$5,638

$3,175+77.6%

$2,850+97.8%

$4,869+15.8%

Participant deferral / active EE

$3,901-100.0%

$3,517-100.0%

$5,287-100.0%

Admin fee / account holder

$3,445

$5,263-34.5%

$4,510-23.6%

$10,133-66.0%

WASHINGTON ASSOCIATION. OF SHERIFFS & POLICE CHIEFS MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON ASSOCIATION. OF SHERIFFS & POLICE CHIEFS MONEY PURCHASE 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