Retirement plan

TELACU ACCUMULATION PLAN

Name: THE EAST LOS ANGELES COMMUNITY UNION - TELACU ACCUMULATION PLAN (2016) Form 5500
Creator: THE EAST LOS ANGELES COMMUNITY UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TELACU ACCUMULATION PLAN, THE EAST LOS ANGELES COMMUNITY UNION

THE EAST LOS ANGELES COMMUNITY UNIONEIN 95-2554256Plan #002PY 2016

5400 EAST OLYMPIC BLVD. SUITE 300 - LOS ANGELES, CA 900225187323-721-1655LinkedIn201-500 employeesinvestment management

Prospect flagsLow returnsHigh cashLow participation

How to read this page

Total assets (EOY)

$26.9M

+6.7% from 2015

Total participants

515

+1.2% from 2015

Average account balance

$83,646

+16.3% from 2015

Annual return

4.41%

+2.46 pp from 2015

Benchmarks

See 236 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort236 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.05M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

432

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.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.65M

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

+9.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 6 by compensation

Provider	Service type	Compensation
CITIZENS BANK2+ years Filed as: CITIZENS BUSINESS BANK Service code 18 · EIN 95-6806148 1010 COLORADO BLVD 2ND FLOOR · PASADENA, CA 911062311	Custodial (other than securities)	$24,262
THE RYDING COMPANY2+ years Service code 13 · EIN 95-3497679 2659 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$1,700
AMERICAN FUNDS2+ years Service code 28 · EIN 95-1411037 1010 COLORADO BLVD · PASADENA, CA 91106	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY FUNDS Service code 28 · EIN 06-1194217 1010 COLORADO BLVD · PASADENA, CA 91106	Investment Management	$0
NEUBERGER BERMAN2+ years Filed as: NEUBERGER BERMAN MGMT. INC Service code 28 · EIN 13-5521910 1010 COLORADO BLVD · PASADENA, CA 91106	Investment Management	$0
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA RETIREMENT INSURANCE Service code 63 · EIN 71-0294708 1010 COLORADO BLVD · PASADENA, CA 91106	12b-1 Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$26K

$62 / participant

Contract admin$26K100.0%

% of EOY assets

0.099%

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: HEDMAN PARTNERS
Auditor EIN: 954485080
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,646

$65,820+27.1%

$108,745-23.1%

$57,658+45.1%

Participation rate

54.5%

72.7%-18.2pp

77.7%-23.2pp

70.2%-15.8pp

Annual return

4.41%

21.32%-16.9pp

46.22%-41.8pp

5.13%-0.7pp

Employer contribution / active EE

$624

$2,285-72.7%

$3,323-81.2%

$1,974-68.4%

Participant deferral / active EE

$3,138

$3,578-12.3%

$5,121-38.7%

$3,061+2.5%

Admin fee / account holder

$82

$91-9.6%

$6,144-98.7%

$95-12.8%

Provider

Service type

Compensation

CITIZENS BANK2+ years

Filed as: CITIZENS BUSINESS BANK

Service code 18 · EIN 95-6806148

1010 COLORADO BLVD 2ND FLOOR · PASADENA, CA 911062311

Custodial (other than securities)

$24,262

THE RYDING COMPANY2+ years

Service code 13 · EIN 95-3497679

2659 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$1,700

AMERICAN FUNDS2+ years

Service code 28 · EIN 95-1411037

1010 COLORADO BLVD · PASADENA, CA 91106

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY FUNDS

Service code 28 · EIN 06-1194217

1010 COLORADO BLVD · PASADENA, CA 91106

Investment Management

NEUBERGER BERMAN2+ years

Filed as: NEUBERGER BERMAN MGMT. INC

Service code 28 · EIN 13-5521910

1010 COLORADO BLVD · PASADENA, CA 91106

Investment Management

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA RETIREMENT INSURANCE

Service code 63 · EIN 71-0294708

1010 COLORADO BLVD · PASADENA, CA 91106

12b-1 Fees

TELACU ACCUMULATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TELACU 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