Retirement plan

NANA REGIONAL CORPORATION, INC. COMPENSATION DEFERRAL PLAN

Name: NANA REGIONAL CORPORATION, INC. - NANA REGIONAL CORPORATION, INC. COMPENSATION DEFERRAL PLAN (2017) Form 5500
Creator: NANA REGIONAL CORPORATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NANA REGIONAL CORPORATION, INC. COMPENSATION DEFERRAL PLAN, NANA REGIONAL CORPORATION, INC.

NANA REGIONAL CORPORATION, INC.EIN 92-0042024Plan #333PY 2017

909 W. 9TH AVENUE - ANCHORAGE, AK 99501907-265-4100LinkedIn10001+ employeesmining & metals

Other plans on this EIN

1 filing

#002Retirement-$23.1M assets

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 15, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$129.7M

-1.7% from 2016

Total participants

5,000

+10.1% from 2016

Average account balance

$38,329

-16.2% from 2016

Annual return

-16.27%

-8.22 pp from 2016

Benchmarks

See 142 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort142 peers

Snapshot2017

Participant deferral / active EE

$3,119

median $3,986

Employer contribution / active EE

$317

median $2,120

Participation rate

61.6%

median 93.2%

Avg account balance

$38,329

median $74,894

Admin fee / account holder

$126

median $67

Annual return

-16.27%

median 18.02%

Overall peer rank

16of 100

16th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$199.42M

Average account balance

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

$54K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,664

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

77.0%

Contributions (total)

Employer and participant dollars contributed each year

$19.44M

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.22%

Admin fee / account holder

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

$131

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070	Contract Administrator	$302,630
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$44,777
GRANT THORNTON LLP3+ years Filed as: GRANT THORNTON Service code 10 · EIN 36-6055558	Accounting	$25,200
ACCURATE ACCOUNTING SOLUTIONS1 year Filed as: SOLUTIONS ACCURATE ACCOUNTING Service code 10 · EIN 46-2930909	Accounting	$23,776
ASCENSUS LLC1 year Filed as: MEANS AND ASSOCIATES Service code 16 · EIN 81-3396218	Consulting	$22,500
SOLSTICE CPAS1 year Service code 10 · EIN 82-1614979	Accounting	$7,988

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$427K

$101 / participant

Investment mgmt$45K10.5%
Contract admin$303K70.9%
Other / not subdivided$79K18.6%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

2 / 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: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,329

$117,734-67.4%

$115,752-66.9%

$77,958-50.8%

Participation rate

61.6%

82.0%-20.4pp

77.8%-16.1pp

71.6%-10.0pp

Annual return

-16.27%

17.65%-33.9pp

19.41%-35.7pp

20.87%-37.1pp

Employer contribution / active EE

$317

$2,736-88.4%

$3,492-90.9%

$2,310-86.3%

Participant deferral / active EE

$3,119

$4,435-29.7%

$5,204-40.1%

$3,537-11.8%

Admin fee / account holder

$126

$75+68.3%

$6,278-98.0%

$97+29.5%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$302,630

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$44,777

GRANT THORNTON LLP3+ years

Filed as: GRANT THORNTON

Service code 10 · EIN 36-6055558

Accounting

$25,200

ACCURATE ACCOUNTING SOLUTIONS1 year

Filed as: SOLUTIONS ACCURATE ACCOUNTING

Service code 10 · EIN 46-2930909

Accounting

$23,776

ASCENSUS LLC1 year

Filed as: MEANS AND ASSOCIATES

Service code 16 · EIN 81-3396218

Consulting

$22,500

SOLSTICE CPAS1 year

Service code 10 · EIN 82-1614979

Accounting

$7,988

NANA REGIONAL CORPORATION, INC. COMPENSATION DEFERRAL PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NANA REGIONAL CORPORATION, INC. COMPENSATION DEFERRAL PLAN

Top hat statement on fileNQDC

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