Retirement plan

PENN COMMUNITY BANK RETIREMENT PLAN

Name: PENN COMMUNITY BANK - PENN COMMUNITY BANK RETIREMENT PLAN (2021) Form 5500
Creator: PENN COMMUNITY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN COMMUNITY BANK RETIREMENT PLAN, PENN COMMUNITY BANK

PENN COMMUNITY BANKEIN 23-1330248Plan #002PY 2021

219 S. 9TH STREET - PERKASIE, PA 18944215-504-6560penncommunitybank.comLinkedIn201-500 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed February 10, 2021 (most recent of 5 filings on file)

Plan administrator

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219 S. Ninth Street

Perkasie, PA 18944

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Plans declared (1)

Penn Community Bank Long Term incentive Plan II24 emp

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Total assets (EOY)

$42.9M

+16.2% from 2020

Total participants

406

+1.2% from 2020

Average account balance

$109,950

+15.0% from 2020

Annual return

14.83%

-3.67 pp from 2020

Benchmarks

See 252 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.53M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

396

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$367

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
WHARTONHILL ADVISORS, LLC7+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$89,197
NEWPORT GROUP, INC.6 years Service code 12 · EIN 27-2037969	Claims processing; Sub-transfer agenc...	$16,826

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

$106K

$359 / participant

Investment mgmt$89K84.1%
Contract admin$17K15.9%

% of EOY assets

0.247%

all-in expense ratio

Categories reported

2 / 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: MAILLIE, LLP
Auditor EIN: 231518888
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,950

$89,904+22.3%

$453,569-75.8%

$86,821+26.6%

Participation rate

94.6%

75.7%+18.8pp

78.0%+16.6pp

72.3%+22.3pp

Annual return

14.83%

19.72%-4.9pp

64.43%-49.6pp

97.94%-83.1pp

Employer contribution / active EE

$4,336

$3,279+32.2%

$4,072+6.5%

$2,406+80.2%

Participant deferral / active EE

$6,141

$5,114+20.1%

$6,211-1.1%

$4,132+48.6%

Admin fee / account holder

$272

$156+74.6%

$11,214-97.6%

$170+60.3%

Provider

Service type

Compensation

WHARTONHILL ADVISORS, LLC7+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$89,197

NEWPORT GROUP, INC.6 years

Service code 12 · EIN 27-2037969

Claims processing; Sub-transfer agenc...

$16,826

PENN COMMUNITY BANK RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN COMMUNITY BANK RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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