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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$3.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-41.5% from 2021

Total participants

-10.7% from 2021

Average account balance

$65,544

-31.8% from 2021

Annual return

2.86%

-2.48 pp from 2021

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

$1.3M

$61047 / participant

Other / not subdivided$1M100.0%

% of EOY assets

85.377%

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

$65,544

$167,533-60.9%

$151,645-56.8%

$134,545-51.3%

Participation rate

95.5%

88.4%+7.1pp

87.5%+8.0pp

81.2%+14.2pp

Annual return

2.86%

7.81%-5.0pp

3.34%-0.5pp

418.37%-415.5pp

Employer contribution / active EE

$6,818

$6,828-0.1%

$6,165+10.6%

$4,742+43.8%

Participant deferral / active EE

$8,985-100.0%

$8,363-100.0%

$6,401-100.0%

Admin fee / account holder

$55,960

$13,781+306.1%

$11,614+381.8%

$11,431+389.6%

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