Retirement plan

KEYPOINT CREDIT UNION 401(K) PROFIT SHARING PLAN

Name: KEYPOINT CREDIT UNION - KEYPOINT CREDIT UNION 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: KEYPOINT CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEYPOINT CREDIT UNION 401(K) PROFIT SHARING PLAN, KEYPOINT CREDIT UNION

KEYPOINT CREDIT UNIONEIN 94-2600376Plan #001PY 2020

2805 BOWERS AVENUE - SANTA CLARA, CA 95051408-731-4162kpcu.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed August 29, 2013 (most recent of 2 filings on file)

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)

$38.8M

+25.1% from 2019

Total participants

289

+2.1% from 2019

Average account balance

$137,492

+20.2% from 2019

Annual return

21.23%

-3.94 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.42M

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

255

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.

87.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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
ABD RETIREMENT SERVICES INC4 years Filed as: ABD RETIREMENT SERVICE, INC Service code 26 · EIN 80-0833114 450 SANSOME ST · SAN FRANCISCO, CA 94111	Advisory (Participants)	$45,551
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969	Contract Administrator	$20,644
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 24 · EIN 27-4411131	Discretionary Trustee	$15,184

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$81K

$465 / participant

Investment mgmt$46K56.0%
Contract admin$21K25.4%
Other / not subdivided$15K18.7%

% of EOY assets

0.210%

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: MILLER, KAPLAN, ARASE LLP
Auditor EIN: 952036250
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,492

$136,307+0.9%

$177,827-22.7%

$73,493+87.1%

Participation rate

96.0%

86.1%+9.9pp

87.7%+8.3pp

70.7%+25.3pp

Annual return

21.23%

18.68%+2.5pp

48.32%-27.1pp

28.51%-7.3pp

Employer contribution / active EE

$3,785

$3,712+2.0%

$5,918-36.1%

$2,270+66.7%

Participant deferral / active EE

$7,945

$5,829+36.3%

$7,713+3.0%

$3,740+112.4%

Admin fee / account holder

$289

$596-51.5%

$12,429-97.7%

$513-43.8%

Provider

Service type

Compensation

ABD RETIREMENT SERVICES INC4 years

Filed as: ABD RETIREMENT SERVICE, INC

Service code 26 · EIN 80-0833114

450 SANSOME ST · SAN FRANCISCO, CA 94111

Advisory (Participants)

$45,551

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

Contract Administrator

$20,644

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 24 · EIN 27-4411131

Discretionary Trustee

$15,184

KEYPOINT CREDIT UNION 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEYPOINT CREDIT UNION 401(K) PROFIT SHARING 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