Retirement plan

FIRST NATIONAL BANK OF DRYDEN PENSION PLAN

Name: FIRST NATIONAL BANK OF DRYDEN - FIRST NATIONAL BANK OF DRYDEN PENSION PLAN (2018) Form 5500
Creator: FIRST NATIONAL BANK OF DRYDEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL BANK OF DRYDEN PENSION PLAN, FIRST NATIONAL BANK OF DRYDEN

FIRST NATIONAL BANK OF DRYDENEIN 15-0293643Plan #001PY 2018

7 WEST MAIN STREET, PO BOX 25 - DRYDEN, NY 13053607-844-8141drydenbank.comLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$2.4M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$4.2M

+2.1% from 2017

Total participants

-2.6% from 2017

Average account balance

$114,108

+7.7% from 2017

Annual return

3.38%

-1.43 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.40M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

180.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

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

+4.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4057

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$166K

$7222 / participant

Other / not subdivided$166K100.0%

% of EOY assets

3.934%

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

$114,108

$160,059-28.7%

$140,019-18.5%

$135,379-15.7%

Participation rate

95.7%

88.5%+7.1pp

87.5%+8.2pp

82.6%+13.0pp

Annual return

3.38%

911.44%-908.1pp

651.15%-647.8pp

519.79%-516.4pp

Employer contribution / active EE

$2,972

$6,420-53.7%

$5,605-47.0%

$4,779-37.8%

Participant deferral / active EE

$1,981

$7,641-74.1%

$6,927-71.4%

$5,609-64.7%

Admin fee / account holder

$4,489

$13,328-66.3%

$10,705-58.1%

$10,828-58.5%

FIRST NATIONAL BANK OF DRYDEN PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NATIONAL BANK OF DRYDEN PENSION 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