Retirement plan

FIRST ENTERTAINMENT CREDIT UNION DEFINED CONTRIBUTION PLAN

Name: FIRST ENTERTAINMENT CREDIT UNION - FIRST ENTERTAINMENT CREDIT UNION DEFINED CONTRIBUTION PLAN (2015) Form 5500
Creator: FIRST ENTERTAINMENT CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST ENTERTAINMENT CREDIT UNION DEFINED CONTRIBUTION PLAN, FIRST ENTERTAINMENT CREDIT UNION

FIRST ENTERTAINMENT CREDIT UNIONEIN 95-2513485Plan #001PY 2015

6735 FOREST LAWN DRIVE - HOLLYWOOD, CA 90068888-800-3328firstent.orgLinkedIn201-500 employeesbanking

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed April 30, 2024 (most recent of 4 filings on file)

Plan administrator

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6735 Forest Lawn Drive

Hollywood, CA 90068

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Plans declared (1)

Retention Payment Plan6 emp

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Total assets (EOY)

$14.2M

No prior year

Total participants

183

No prior year

Average account balance

$77,538

No prior year

Annual return

-0.60%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.06M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

311

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 12 · EIN 13-3689044	Sales loads (front end and deferred);...	$85,948
GALLAGHER FIDUCIARY ADVISORS, LLC1+ years Filed as: GALLAGHER BENEFIT SERVICES Service code 16 · EIN 36-4291971	Consulting	$21,585
SAGEVIEW ADVISORY GROUP, LLC1+ years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 · EIN 33-0818667	Consulting	$6,988
MID ATLANTIC CAPITAL CORPORATION1+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES1+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$115K

$731 / participant

Investment mgmt$29K24.9%
Other / not subdivided$86K75.1%

% of EOY assets

0.809%

all-in expense ratio

Categories reported

1 / 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: TURNER, WARREN, HWANG & CONRAD, AC
Auditor EIN: 954083485
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,538

$70,667+9.7%

$123,105-37.0%

$52,331+48.2%

Participation rate

100.0%

83.7%+16.3pp

86.8%+13.2pp

68.1%+31.9pp

Annual return

-0.60%

6.23%-6.8pp

13.22%-13.8pp

4.54%-5.1pp

Employer contribution / active EE

$5,137

$2,946+74.4%

$5,151-0.3%

$1,882+173.0%

Participant deferral / active EE

$4,382

$4,493-2.5%

$6,229-29.7%

$3,022+45.0%

Admin fee / account holder

$627

$506+23.9%

$9,014-93.0%

$592+6.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 12 · EIN 13-3689044

Sales loads (front end and deferred);...

$85,948

GALLAGHER FIDUCIARY ADVISORS, LLC1+ years

Filed as: GALLAGHER BENEFIT SERVICES

Service code 16 · EIN 36-4291971

Consulting

$21,585

SAGEVIEW ADVISORY GROUP, LLC1+ years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16 · EIN 33-0818667

Consulting

$6,988

MID ATLANTIC CAPITAL CORPORATION1+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES1+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

FIRST ENTERTAINMENT CREDIT UNION DEFINED CONTRIBUTION PLAN

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 ENTERTAINMENT CREDIT UNION DEFINED CONTRIBUTION PLAN

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