Retirement plan

THE LYONS NATIONAL BANK 401(K) PROFIT SHARING PLAN

Name: THE LYONS NATIONAL BANK - THE LYONS NATIONAL BANK 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THE LYONS NATIONAL BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LYONS NATIONAL BANK 401(K) PROFIT SHARING PLAN, THE LYONS NATIONAL BANK

THE LYONS NATIONAL BANKEIN 15-0372430Plan #002PY 2020

35 WILLIAM STREET - LYONS, NY 14489315-946-4871

Other plans on this EIN

1 filing

#001Retirement-$21.5M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 15, 2002 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$20.1M

+21.7% from 2019

Total participants

253

+14.0% from 2019

Average account balance

$82,413

+5.7% from 2019

Annual return

18.44%

-3.19 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

$26.95M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

280

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$18,035
LYONS & COMPANY, INC.2 years Filed as: THE LYONS NATIONAL BANK Service code 99 31 WILLIAMS STREET · LYONS, NY 14489	Other Fees	$7,665

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$25K

$123 / participant

Investment mgmt$25K100.0%

% of EOY assets

0.126%

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: MENGEL METZGER BARR & CO, LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,413

$136,307-39.5%

$177,848-53.7%

$73,497+12.1%

Participation rate

95.6%

86.1%+9.5pp

87.7%+7.9pp

70.7%+24.9pp

Annual return

18.44%

18.68%-0.2pp

48.33%-29.9pp

28.51%-10.1pp

Employer contribution / active EE

$2,707

$3,712-27.1%

$5,919-54.3%

$2,270+19.3%

Participant deferral / active EE

$5,022

$5,829-13.8%

$7,714-34.9%

$3,740+34.3%

Admin fee / account holder

$104

$596-82.6%

$12,431-99.2%

$513-79.8%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$18,035

LYONS & COMPANY, INC.2 years

Filed as: THE LYONS NATIONAL BANK

Service code 99

31 WILLIAMS STREET · LYONS, NY 14489

Other Fees

$7,665

THE LYONS NATIONAL BANK 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LYONS NATIONAL BANK 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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