Retirement plan

STANDARD CHARTERED BANK EMPLOYEES CAPITAL ACCUMULATION PLAN

Name: STANDARD CHARTERED BANK - STANDARD CHARTERED BANK EMPLOYEES CAPITAL ACCUMULATION PLAN (2019) Form 5500
Creator: STANDARD CHARTERED BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STANDARD CHARTERED BANK EMPLOYEES CAPITAL ACCUMULATION PLAN, STANDARD CHARTERED BANK

STANDARD CHARTERED BANKEIN 94-1595409Plan #002PY 2019

2 GATEWAY CENTER, 13TH FLOOR - NEWARK, NJ 07102212-667-0381LinkedIn11-50 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$183.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$274.7M

-13.4% from 2016

Total participants

1,825

-8.7% from 2016

Average account balance

$150,528

-5.1% from 2016

Annual return

22.72%

-9.89 pp from 2016

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$407.33M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

1,828

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$202,928
KPMG LLP5+ years Filed as: KPMG Service code 10 · EIN 13-5565207	Accounting	$69,650
FORVIS, LLP2 years Filed as: MAZARS USA Service code 17 135 WEST 50TH STREET · NEW YORK, NY 10020	Pension Consulting	$19,000

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$292K

$252 / participant

Investment mgmt$65K22.3%
Contract admin$157K53.8%
Other / not subdivided$70K23.9%

% of EOY assets

0.106%

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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,528

$95,776+57.2%

$162,185-7.2%

$77,775+93.5%

Participation rate

100.0%

88.6%+11.4pp

87.6%+12.4pp

73.2%+26.8pp

Annual return

22.72%

37.03%-14.3pp

115.61%-92.9pp

32.58%-9.9pp

Employer contribution / active EE

$10,534

$3,874+171.9%

$5,613+87.7%

$2,504+320.7%

Participant deferral / active EE

$12,301

$6,125+100.8%

$7,297+68.6%

$3,966+210.2%

Admin fee / account holder

$160

$88+82.2%

$10,844-98.5%

$100+59.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$202,928

KPMG LLP5+ years

Filed as: KPMG

Service code 10 · EIN 13-5565207

Accounting

$69,650

FORVIS, LLP2 years

Filed as: MAZARS USA

Service code 17

135 WEST 50TH STREET · NEW YORK, NY 10020

Pension Consulting

$19,000

STANDARD CHARTERED BANK EMPLOYEES CAPITAL ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STANDARD CHARTERED BANK EMPLOYEES CAPITAL ACCUMULATION 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