Retirement plan

PROVIDENCE BANK RETIREMENT PLAN

Name: PROVIDENCE BANK & TRUST - PROVIDENCE BANK RETIREMENT PLAN (2017) Form 5500
Creator: PROVIDENCE BANK & TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE BANK RETIREMENT PLAN, PROVIDENCE BANK & TRUST

PROVIDENCE BANK & TRUSTEIN 20-0241351Plan #001PY 2017

630 E. 162ND STREET - SOUTH HOLLAND, IL 60473708-210-0410providencebank.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.8M

+32.9% from 2016

Total participants

148

+13.8% from 2016

Average account balance

$63,935

+14.4% from 2016

Annual return

21.03%

+11.82 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.08M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

196

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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 1 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS ADMIN SERVICES INC Service code 15 · EIN 16-1503696	Recordkeeping	$12,583

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$13K

$97 / participant

Investment mgmt$9K73.8%
Contract admin$3K23.9%
Other / not subdivided$3002.4%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

2 / 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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,935

$89,739-28.8%

$149,716-57.3%

$62,293+2.6%

Participation rate

80.0%

85.1%-5.1pp

87.1%-7.1pp

69.5%+10.5pp

Annual return

21.03%

21.01%0pp

1501.67%-1480.6pp

28.90%-7.9pp

Employer contribution / active EE

$1,714

$3,233-47.0%

$5,444-68.5%

$2,042-16.1%

Participant deferral / active EE

$5,430

$4,797+13.2%

$6,568-17.3%

$3,169+71.3%

Admin fee / account holder

$103

$551-81.3%

$11,282-99.1%

$479-78.5%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS ADMIN SERVICES INC

Service code 15 · EIN 16-1503696

Recordkeeping

$12,583

PROVIDENCE BANK RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE BANK RETIREMENT 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