Retirement plan

MOUNTAINONE FINANCIAL, INC 401(K) PLAN

Name: MOUNTAINONE FINANCIAL, INC - MOUNTAINONE FINANCIAL, INC 401(K) PLAN (2020) Form 5500
Creator: MOUNTAINONE FINANCIAL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOUNTAINONE FINANCIAL, INC 401(K) PLAN, MOUNTAINONE FINANCIAL, INC

MOUNTAINONE FINANCIAL, INCEIN 04-3413060Plan #002PY 2020

93 MAIN STREET - NORTH ADAMS, MA 01247413-663-5353LinkedIn1-10 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed July 21, 2015 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

93 Main Street

North Adams State: MA Zip Code: 01247

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

MountainOne Bank Nonqualified Deferred Compensation Plan1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$22M

+21.0% from 2019

Total participants

224

+5.7% from 2019

Average account balance

$99,749

+14.4% from 2019

Annual return

15.39%

-5.05 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

$28.69M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

236

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$35,680
RPA FINANCIAL, LLC1 year Service code 27 · EIN 83-1143379	Advisory (Plan)	$13,011
THE ANGELL PENSION GROUP, INC.6+ years Filed as: THE ANGELL PENSION GROUP INC Service code 49	Other Services	$7,955
THE ANGELL PENSION GROUP, INC.6+ years Filed as: THE ANGELL PENSION GROUP Service code 49 · EIN 04-2530412	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$49K

$285 / participant

Other / not subdivided$49K100.0%

% of EOY assets

0.221%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER NEWMAN & NOYES LLC
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,749

$136,307-26.8%

$177,848-43.9%

$73,497+35.7%

Participation rate

98.2%

86.1%+12.1pp

87.7%+10.5pp

70.7%+27.6pp

Annual return

15.39%

18.68%-3.3pp

48.33%-32.9pp

28.51%-13.1pp

Employer contribution / active EE

$3,512

$3,712-5.4%

$5,919-40.7%

$2,270+54.7%

Participant deferral / active EE

$6,010

$5,829+3.1%

$7,714-22.1%

$3,740+60.7%

Admin fee / account holder

$220

$596-63.0%

$12,431-98.2%

$513-57.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,680

RPA FINANCIAL, LLC1 year

Service code 27 · EIN 83-1143379

Advisory (Plan)

$13,011

THE ANGELL PENSION GROUP, INC.6+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 49

Other Services

$7,955

THE ANGELL PENSION GROUP, INC.6+ years

Filed as: THE ANGELL PENSION GROUP

Service code 49 · EIN 04-2530412

Other Services

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

MOUNTAINONE FINANCIAL, INC 401(K) 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

MOUNTAINONE FINANCIAL, INC 401(K) 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