Retirement plan

FIRST NATIONAL BANK OF NEWTOWN SAVINGS/INCENTIVE PLAN

Name: THE FIRST NATIONAL BANK & TRUST COMPANY OF NEWTOWN - FIRST NATIONAL BANK OF NEWTOWN SAVINGS/INCENTIVE PLAN (2019) Form 5500
Creator: THE FIRST NATIONAL BANK & TRUST COMPANY OF NEWTOWN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL BANK OF NEWTOWN SAVINGS/INCENTIVE PLAN, THE FIRST NATIONAL BANK & TRUST COMPANY OF NEWTOWN

THE FIRST NATIONAL BANK & TRUST COMPANY OF NEWTOWNEIN 23-0916895Plan #002PY 2019

40 SOUTH STATE STREET - NEWTOWN, PA 18940215-968-4203LinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$31.9M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$30.3M

+20.8% from 2018

Total participants

176

+1.1% from 2018

Average account balance

$178,423

+19.4% from 2018

Annual return

25.31%

+29.80 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.22M

Not enough data

1 years with asset history on file

Average account balance

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

$261K

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.

173

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+19.53%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 10 of 27 by compensation

Provider	Service type	Compensation
BLACKROCK2 years Filed as: BLACKROCK FUND ADVISORS Service code 28 · EIN 51-0318674	Investment Management	$0
DELAWARE INVESTMENTS1 year Filed as: DELAWARE COMPANY Service code 28 2005 MARKET ST. · PHILADELPHIA, PA 19103	Investment Management	$0
DELAWARE INVESTMENTS1 year Filed as: DELAWARE MANAGEMENT COMPANY Service code 28	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY & RESEARCH COMPANY Service code 28 82 DEVONSHIRE STREET · BOSTON, MA 02109	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FMR CO INC (FMRC) Service code 28	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FMR CO., INC. (FMRC) Service code 28 82 DEVONSHIRE STREET · BOSTON, MA 02109	Investment Management	$0
INVESCO2 years Filed as: INVESCO CAPITAL MANAGEMENT LLC Service code 28 3500 LACEY ROAD SUITE 700 · DOWNERS GROVE, IL 60515	Investment Management	$0
IVY FUNDS1 year Filed as: IVY INVESTMENT CO Service code 28 · EIN 04-6006759	Investment Management	$0
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: IVY INVESTMENT MANAGEMENT CO Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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: S.R. SNODGRASS P.C.
Auditor EIN: 251616561
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,423

$98,982+80.3%

$162,177+10.0%

$65,185+173.7%

Participation rate

95.8%

85.8%+10.0pp

87.6%+8.3pp

70.2%+25.6pp

Annual return

25.31%

24.84%+0.5pp

115.60%-90.3pp

29.38%-4.1pp

Employer contribution / active EE

$1,223

$3,467-64.7%

$5,613-78.2%

$2,177-43.8%

Participant deferral / active EE

$4,114

$5,384-23.6%

$7,297-43.6%

$3,514+17.1%

Admin fee / account holder

$596-100.0%

$10,843-100.0%

$847-100.0%

Provider

Service type

Compensation

BLACKROCK2 years

Filed as: BLACKROCK FUND ADVISORS

Service code 28 · EIN 51-0318674

Investment Management

DELAWARE INVESTMENTS1 year

Filed as: DELAWARE COMPANY

Service code 28

2005 MARKET ST. · PHILADELPHIA, PA 19103

Investment Management

DELAWARE INVESTMENTS1 year

Filed as: DELAWARE MANAGEMENT COMPANY

Service code 28

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28

82 DEVONSHIRE STREET · BOSTON, MA 02109

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FMR CO INC (FMRC)

Service code 28

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FMR CO., INC. (FMRC)

Service code 28

82 DEVONSHIRE STREET · BOSTON, MA 02109

Investment Management

INVESCO2 years

Filed as: INVESCO CAPITAL MANAGEMENT LLC

Service code 28

3500 LACEY ROAD SUITE 700 · DOWNERS GROVE, IL 60515

Investment Management

IVY FUNDS1 year

Filed as: IVY INVESTMENT CO

Service code 28 · EIN 04-6006759

Investment Management

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: IVY INVESTMENT MANAGEMENT CO

Service code 28

Investment Management

FIRST NATIONAL BANK OF NEWTOWN SAVINGS/INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FIRST NATIONAL BANK OF NEWTOWN SAVINGS/INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion