Retirement plan

RELIANT BANK 401(K) PLAN

Name: RELIANT BANK - RELIANT BANK 401(K) PLAN (2016) Form 5500
Creator: RELIANT BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RELIANT BANK 401(K) PLAN, RELIANT BANK

RELIANT BANKEIN 20-3357829Plan #001PY 2016

1736 CAROTHERS PARKWAY, SUITE 100 - BRENTWOOD, TN 37027615-221-2047reliantbank.comLinkedIn51-200 employeesbanking

Prospect flagsRecently reached 100 employees

How to read this page

Total assets (EOY)

$6.8M

No prior year

Total participants

143

No prior year

Average account balance

$50,123

No prior year

Annual return

70.44%

No prior year

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+260.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$5,514
KALOS CAPITAL, INC.1+ years Filed as: KALOS CAPITAL INC Service code 49	Other Services	$3,429
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Service code 15 · EIN 13-3689044	Recordkeeping	$120
AVINTUS1+ years Filed as: AVINTUS, LLC Service code 15 · EIN 04-3682160	Recordkeeping	$0
KALOS CAPITAL, INC.1+ years Filed as: KALOS CAPITAL INC. Service code 49 · EIN 58-2347396	Other Services	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

1 tripped

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$7K

$62 / participant

Contract admin$7K100.0%

% of EOY assets

0.104%

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: MAGGART & ASSOCIATES, P.C.
Auditor EIN: 621036705
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,123

$74,089-32.3%

$133,975-62.6%

$55,167-9.1%

Participation rate

93.9%

84.3%+9.6pp

87.1%+6.8pp

69.0%+24.9pp

Annual return

70.44%

12.11%+58.3pp

29.29%+41.1pp

169.23%-98.8pp

Employer contribution / active EE

$3,604

$3,064+17.6%

$5,211-30.8%

$1,963+83.6%

Participant deferral / active EE

$6,190

$4,678+32.3%

$6,282-1.5%

$3,054+102.7%

Admin fee / account holder

$52

$458-88.6%

$9,324-99.4%

$504-89.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$5,514

KALOS CAPITAL, INC.1+ years

Filed as: KALOS CAPITAL INC

Service code 49

Other Services

$3,429

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Service code 15 · EIN 13-3689044

Recordkeeping

$120

AVINTUS1+ years

Filed as: AVINTUS, LLC

Service code 15 · EIN 04-3682160

Recordkeeping

KALOS CAPITAL, INC.1+ years

Filed as: KALOS CAPITAL INC.

Service code 49 · EIN 58-2347396

Other Services

RELIANT BANK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RELIANT BANK 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