Retirement plan

PUGET CONSUMERS CO-OP UNION EMPLOYEES 401K RETIREMENT PLAN

Name: PUGET CONSUMERS CO-OP - PUGET CONSUMERS CO-OP UNION EMPLOYEES 401K RETIREMENT PLAN (2016) Form 5500
Creator: PUGET CONSUMERS CO-OP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PUGET CONSUMERS CO-OP UNION EMPLOYEES 401K RETIREMENT PLAN, PUGET CONSUMERS CO-OP

PUGET CONSUMERS CO-OPdba PCC NATURAL MARKETSEIN 91-6031913Plan #002PY 2016

4201 ROOSEVELT WAY NE - SEATTLE, WA 981056092206-547-1222

Other plans on this EIN

1 filing

#003Retirement-$19.2M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10M

+10.3% from 2015

Total participants

925

-12.7% from 2015

Average account balance

$29,190

+3.8% from 2015

Annual return

7.27%

+9.15 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.93M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

432

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.

28.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081	Recordkeeping	$22,189
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$20,558

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$43K

$50 / participant

Contract admin$21K48.1%
Other / not subdivided$22K51.9%

% of EOY assets

0.428%

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: PETERSON SULLIVAN LLP
Auditor EIN: 910605875
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,190

$37,044-21.2%

$71,796-59.3%

$57,658-49.4%

Participation rate

31.3%

61.1%-29.9pp

69.1%-37.9pp

70.2%-39.0pp

Annual return

7.27%

12.64%-5.4pp

78.04%-70.8pp

5.13%+2.1pp

Employer contribution / active EE

$720-100.0%

$1,924-100.0%

$1,974-100.0%

Participant deferral / active EE

$875

$1,974-55.7%

$2,794-68.7%

$3,061-71.4%

Admin fee / account holder

$125

$101+23.9%

$4,815-97.4%

$95+32.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.2+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$22,189

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$20,558

PUGET CONSUMERS CO-OP UNION EMPLOYEES 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PUGET CONSUMERS CO-OP UNION EMPLOYEES 401K RETIREMENT 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