Retirement plan

OLIVE VIEW EMPLOYEES FEDERAL CREDIT UNION PENSION TRUST

Name: OLIVE VIEW FEDERAL CREDIT UNION - OLIVE VIEW EMPLOYEES FEDERAL CREDIT UNION PENSION TRUST (2023) Form 5500
Creator: OLIVE VIEW FEDERAL CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLIVE VIEW EMPLOYEES FEDERAL CREDIT UNION PENSION TRUST, OLIVE VIEW FEDERAL CREDIT UNION

OLIVE VIEW FEDERAL CREDIT UNIONEIN 95-1653044Plan #001PY 2023

14445 OLIVE VIEW DR, BUILDING O-1 - SYLMAR, CA 913421437818-367-1057LinkedIn1-10 employeesbanking

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1M

+15.6% from 2022

Total participants

+25.0% from 2022

Average account balance

$103,369

-7.5% from 2022

Annual return

8.41%

+16.82 pp from 2022

Benchmarks

See 36,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,180 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$957K

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+22.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61522

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

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

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 codes2E2F2G2J3D

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.
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

$27K

$5395 / participant

Other / not subdivided$27K100.0%

% of EOY assets

2.610%

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

$103,369

$185,856-44.4%

$170,028-39.2%

$139,456-25.9%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

8.41%

60.52%-52.1pp

53.39%-45.0pp

373.45%-365.0pp

Employer contribution / active EE

$15,233

$7,593+100.6%

$6,788+124.4%

$4,753+220.5%

Participant deferral / active EE

$3,046

$11,623-73.8%

$10,409-70.7%

$6,711-54.6%

Admin fee / account holder

$2,698

$15,387-82.5%

$12,820-79.0%

$11,407-76.4%

OLIVE VIEW EMPLOYEES FEDERAL CREDIT UNION PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLIVE VIEW EMPLOYEES FEDERAL CREDIT UNION PENSION TRUST

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