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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$40.8M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$39.5M

+21.3% from 2022

Total participants

174

+6.1% from 2022

Average account balance

$227,172

+14.3% from 2022

Annual return

19.48%

+35.61 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

$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 5 by compensation

Provider	Service type	Compensation
BLACKROCK6 years Filed as: BLACKROCK FUND ADVISORS Service code 28 · EIN 51-0318674	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217 82 DEVONSHIRE STREET · BOSTON, MA 02109	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL6 years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0
INVESCO6 years Filed as: INVESCO CAPITAL MANAGEMENT LLC Service code 28 3500 LACEY ROAD SUITE 700 · DOWNERS GROVE, IL 60515	Investment Management	$0
VAN ECK ASSOCIATES CORPORATION6 years Service code 28 · EIN 13-3210061	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$227,172

$130,294+74.4%

$170,043+33.6%

$71,511+217.7%

Participation rate

100.0%

86.2%+13.8pp

87.0%+13.0pp

67.9%+32.1pp

Annual return

19.48%

20.36%-0.9pp

53.40%-33.9pp

28.86%-9.4pp

Employer contribution / active EE

$2,126

$4,385-51.5%

$6,790-68.7%

$2,589-17.9%

Participant deferral / active EE

$5,386

$6,928-22.3%

$10,410-48.3%

$4,291+25.5%

Admin fee / account holder

$966-100.0%

$12,824-100.0%

$1,588-100.0%

Provider

Service type

Compensation

BLACKROCK6 years

Filed as: BLACKROCK FUND ADVISORS

Service code 28 · EIN 51-0318674

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

82 DEVONSHIRE STREET · BOSTON, MA 02109

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

INVESCO6 years

Filed as: INVESCO CAPITAL MANAGEMENT LLC

Service code 28

3500 LACEY ROAD SUITE 700 · DOWNERS GROVE, IL 60515

Investment Management

VAN ECK ASSOCIATES CORPORATION6 years

Service code 28 · EIN 13-3210061

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