Retirement plan

MATANUSKA TELEPHONE ASSOCIATION, INC. DEFINED CONTRIBUTION AND 401(K) PLAN

Name: MATANUSKA TELEPHONE ASSOCIATION, INC. - MATANUSKA TELEPHONE ASSOCIATION, INC. DEFINED CONTRIBUTION AND 401(K) PLAN (2017) Form 5500
Creator: MATANUSKA TELEPHONE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATANUSKA TELEPHONE ASSOCIATION, INC. DEFINED CONTRIBUTION AND 401(K) PLAN, MATANUSKA TELEPHONE ASSOCIATION, INC.

MATANUSKA TELEPHONE ASSOCIATION, INC.EIN 92-0020417Plan #002PY 2017

1740 SOUTH CHUGACH STREET - PALMER, AK 99645907-745-3211mea.coopLinkedIn201-500 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$52.0M assets

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$29.1M

+4.9% from 2016

Total participants

276

+6.6% from 2016

Average account balance

$140,757

+7.5% from 2016

Annual return

14.83%

+8.73 pp from 2016

Benchmarks

See 843 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort843 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.02M

Not enough data

1 years with asset history on file

Average account balance

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

$181K

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.

315

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$689

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MOSS ADAMS LLP3+ years Filed as: MOSS ADAMS, LLP Service code 28 · EIN 91-0189318	Investment Management	$27,077
MOSS ADAMS LLP3+ years Filed as: MOSS ADAMS WEALTH ADVISORS, LLC Service code 28 · EIN 91-1870849	Investment Management	$9,407
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO. INC AND AFFILI Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.3+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$164 / participant

Investment mgmt$36K100.0%

% of EOY assets

0.125%

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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,757

$59,535+136.4%

$90,161+56.1%

$62,293+126.0%

Participation rate

68.9%

73.0%-4.1pp

76.9%-8.0pp

69.5%-0.6pp

Annual return

14.83%

23.53%-8.7pp

34.89%-20.1pp

28.90%-14.1pp

Employer contribution / active EE

$3,839

$1,826+110.3%

$3,318+15.7%

$2,042+88.0%

Participant deferral / active EE

$4,287

$4,639-7.6%

$5,287-18.9%

$3,169+35.3%

Admin fee / account holder

$176

$337-47.6%

$5,943-97.0%

$479-63.2%

Provider

Service type

Compensation

MOSS ADAMS LLP3+ years

Filed as: MOSS ADAMS, LLP

Service code 28 · EIN 91-0189318

Investment Management

$27,077

MOSS ADAMS LLP3+ years

Filed as: MOSS ADAMS WEALTH ADVISORS, LLC

Service code 28 · EIN 91-1870849

Investment Management

$9,407

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO. INC AND AFFILI

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.3+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

MATANUSKA TELEPHONE ASSOCIATION, INC. DEFINED CONTRIBUTION AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATANUSKA TELEPHONE ASSOCIATION, INC. DEFINED CONTRIBUTION AND 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