Retirement plan

PEAPACK-GLADSTONE BANK EMPLOYEES SAVINGS AND INVESTMENTS

Name: PEAPACK-GLADSTONE BANK - PEAPACK-GLADSTONE BANK EMPLOYEES SAVINGS AND INVESTMENTS (2015) Form 5500
Creator: PEAPACK-GLADSTONE BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEAPACK-GLADSTONE BANK EMPLOYEES SAVINGS AND INVESTMENTS, PEAPACK-GLADSTONE BANK

PEAPACK-GLADSTONE BANKEIN 22-2491488Plan #002PY 2015

500 HILLS DRIVE, SUITE 100 - BEDMINSTER, NJ 07921908-719-3304

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$32.9M

No prior year

Total participants

395

No prior year

Average account balance

$83,475

No prior year

Annual return

0.05%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$107.40M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

746

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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
CROWE LLP1+ years Filed as: CROWE HORWATH, LLC Service code 10 · EIN 35-0921680	Accounting	$23,575
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 13 · EIN 06-1050034	Contract Administrator	$13,581
COMPREHENSIVE FINANCIAL PLANNING1+ years Filed as: COMPREHENSIVE ASSET MANAGMENT & SER Service code 33 · EIN 22-3526587	Securities brokerage commissions and ...	$0
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 · EIN 22-1211670	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2K3D2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$37K

$123 / participant

Other / not subdivided$37K100.0%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,475

$68,413+22.0%

$123,105-32.2%

$55,191+51.2%

Participation rate

99.7%

84.5%+15.1pp

86.8%+12.9pp

69.2%+30.5pp

Annual return

0.05%

6.30%-6.2pp

13.22%-13.2pp

10.78%-10.7pp

Employer contribution / active EE

$4,875

$3,050+59.8%

$5,151-5.4%

$1,899+156.7%

Participant deferral / active EE

$6,838

$4,490+52.3%

$6,229+9.8%

$3,046+124.5%

Admin fee / account holder

$95

$88+8.2%

$9,014-98.9%

$91+4.7%

Provider

Service type

Compensation

CROWE LLP1+ years

Filed as: CROWE HORWATH, LLC

Service code 10 · EIN 35-0921680

Accounting

$23,575

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$13,581

COMPREHENSIVE FINANCIAL PLANNING1+ years

Filed as: COMPREHENSIVE ASSET MANAGMENT & SER

Service code 33 · EIN 22-3526587

Securities brokerage commissions and ...

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15 · EIN 22-1211670

Recordkeeping

PEAPACK-GLADSTONE BANK EMPLOYEES SAVINGS AND INVESTMENTS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEAPACK-GLADSTONE BANK EMPLOYEES SAVINGS AND INVESTMENTS

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