Retirement plan

FIRST U. S. COMMUNITY CREDIT UNION RETIREMENT SAVINGS FUND

Name: FIRST U.S. COMMUNITY CREDIT UNION - FIRST U. S. COMMUNITY CREDIT UNION RETIREMENT SAVINGS FUND (2021) Form 5500
Creator: FIRST U.S. COMMUNITY CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST U. S. COMMUNITY CREDIT UNION RETIREMENT SAVINGS FUND, FIRST U.S. COMMUNITY CREDIT UNION

FIRST U.S. COMMUNITY CREDIT UNIONEIN 94-1019805Plan #002PY 2021

580 UNIVERSITY AVENUE - SACRAMENTO, CA 958256512916-576-5700firstus.orgLinkedIn51-200 employeesfinancial services

Other plans on this EIN

1 filing

#033Retirement-$4.7M assets

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed May 29, 2024 (most recent of 2 filings on file)

Plan administrator

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580 University Avenue

Sacramento, CA 95825

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$6.1M

+7.0% from 2020

Total participants

+1.1% from 2020

Average account balance

$69,016

+5.8% from 2020

Annual return

11.39%

-3.38 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.42M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

114

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.

148.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$436K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8884

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

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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 codes2C2D2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$666K

$10743 / participant

Other / not subdivided$666K100.0%

% of EOY assets

10.843%

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

$69,016

$137,414-49.8%

$189,537-63.6%

$85,847-19.6%

Participation rate

100.0%

84.6%+15.4pp

87.8%+12.2pp

69.3%+30.7pp

Annual return

11.39%

38.14%-26.7pp

555.34%-543.9pp

318.61%-307.2pp

Employer contribution / active EE

$6,153

$4,344+41.6%

$6,161-0.1%

$2,565+139.9%

Participant deferral / active EE

$6,260-100.0%

$8,220-100.0%

$3,952-100.0%

Admin fee / account holder

$7,484

$8,630-13.3%

$12,048-37.9%

$6,261+19.5%

FIRST U. S. COMMUNITY CREDIT UNION RETIREMENT SAVINGS FUND

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST U. S. COMMUNITY CREDIT UNION RETIREMENT SAVINGS FUND

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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