Retirement plan

FIRST NATIONAL BANK OF DRYDEN EMPLOYEES STOCK OWNERSHIP PLAN

Name: FIRST NATIONAL BANK OF DRYDEN - FIRST NATIONAL BANK OF DRYDEN EMPLOYEES STOCK OWNERSHIP 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 EMPLOYEES STOCK OWNERSHIP PLAN, FIRST NATIONAL BANK OF DRYDEN

FIRST NATIONAL BANK OF DRYDENEIN 15-0293643Plan #002PY 2018

PO BOX 25 - DRYDEN, NY 13053607-844-8141drydenbank.comLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$4.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+3.0% from 2017

Total participants

+8.0% from 2017

Average account balance

$88,307

-4.6% from 2017

Annual return

4.85%

-0.11 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

$1.77M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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

$180K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3004

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 codes2E2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

1 tripped

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

$122K

$5323 / participant

Other / not subdivided$122K100.0%

% of EOY assets

5.134%

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

$88,307

$160,059-44.8%

$140,019-36.9%

$135,380-34.8%

Participation rate

100.0%

88.5%+11.5pp

87.5%+12.5pp

82.6%+17.4pp

Annual return

4.85%

911.48%-906.6pp

651.17%-646.3pp

519.81%-515.0pp

Employer contribution / active EE

$3,478

$6,420-45.8%

$5,605-37.9%

$4,779-27.2%

Participant deferral / active EE

$7,641-100.0%

$6,927-100.0%

$5,609-100.0%

Admin fee / account holder

$4,534

$13,328-66.0%

$10,705-57.6%

$10,828-58.1%

FIRST NATIONAL BANK OF DRYDEN EMPLOYEES STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NATIONAL BANK OF DRYDEN EMPLOYEES STOCK OWNERSHIP 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