Retirement plan

WHITE RIVER BANCSHARES COMPANY 401(K) PLAN

Name: WHITE RIVER BANCSHARES COMPANY - WHITE RIVER BANCSHARES COMPANY 401(K) PLAN (2023) Form 5500
Creator: WHITE RIVER BANCSHARES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITE RIVER BANCSHARES COMPANY 401(K) PLAN, WHITE RIVER BANCSHARES COMPANY

WHITE RIVER BANCSHARES COMPANYEIN 20-1209354Plan #002PY 2023

3878 N. CROSSOVER ROAD, SUITE 20 - FAYETTEVILLE, AR 72703479-684-3700LinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$17.5M

+22.7% from 2022

Total participants

222

+6.7% from 2022

Average account balance

$80,402

+13.7% from 2022

Annual return

16.29%

+29.37 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.41M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

226

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+16.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$23,587
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 49 · EIN 85-0833363	Other Services	$8,207
MORNINGSTAR5 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$7,670
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$5,993

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$17K

$84 / participant

Recordkeeping$5K28.6%
Investment mgmt$12K71.4%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERWIN & COMPANY
Auditor EIN: 710603587
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,402

$130,294-38.3%

$170,057-52.7%

$71,529+12.4%

Participation rate

98.0%

86.2%+11.8pp

87.0%+11.0pp

67.9%+30.1pp

Annual return

16.29%

20.36%-4.1pp

53.42%-37.1pp

28.97%-12.7pp

Employer contribution / active EE

$3,162

$4,385-27.9%

$6,790-53.4%

$2,590+22.1%

Participant deferral / active EE

$5,370

$6,928-22.5%

$10,411-48.4%

$4,291+25.1%

Admin fee / account holder

$77

$966-92.0%

$12,826-99.4%

$1,588-95.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$23,587

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 49 · EIN 85-0833363

Other Services

$8,207

MORNINGSTAR5 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

$7,670

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$5,993

WHITE RIVER BANCSHARES COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITE RIVER BANCSHARES COMPANY 401(K) 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