Retirement plan

COMMUNITY STATE BANK OF ORBISONIA PROFIT SHARING PLAN

Name: COMMUNITY STATE BANK OF ORBISONIA - COMMUNITY STATE BANK OF ORBISONIA PROFIT SHARING PLAN (2017) Form 5500
Creator: COMMUNITY STATE BANK OF ORBISONIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY STATE BANK OF ORBISONIA PROFIT SHARING PLAN, COMMUNITY STATE BANK OF ORBISONIA

COMMUNITY STATE BANK OF ORBISONIAEIN 23-1354306Plan #002PY 2017

PO BOX 8, 761 ELLIOTT ST - ORBISONIA, PA 17243814-447-5552communitystate.bankLinkedIn51-200 employeesbanking

Prospect flagsHigh feesLow assets / participantLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed December 20, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

478 Ridgley St

Orbisonia, PA 17243

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Plans declared (2)

Plan name not on file1 emp
Plan name not on file1 emp

Total covered: 2 employees

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How to read this page

Total assets (EOY)

$3.8M

+21.5% from 2016

Total participants

118

0.0% from 2016

Average account balance

$32,762

+19.4% from 2016

Annual return

14.69%

+9.70 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.19M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

108

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$598K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$387

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$21,605
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$17,498
THE BENEFIT ADVANTAGE, INC.1 year Filed as: THE BENEFIT ADVANTAGE, INC Service code 13	Contract Administrator	$15,363
PENSIONMARK FINANCIAL GROUP LLC2+ years Filed as: PENSIONMARK FINANCIAL GROUP Service code 27 · EIN 61-1758632	Advisory (Plan)	$10,990
THE BENEFIT ADVANTAGE, INC.1 year Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950	Contract Administrator	$1,500

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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$371 / participant

Other / not subdivided$40K100.0%

% of EOY assets

1.056%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SMITH ELLIOTT KEARNS & CO LLC
Auditor EIN: 520783935
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,762

$89,739-63.5%

$149,718-78.1%

$62,292-47.4%

Participation rate

99.1%

85.1%+14.0pp

87.1%+12.0pp

69.5%+29.6pp

Annual return

14.69%

21.01%-6.3pp

1501.63%-1486.9pp

28.90%-14.2pp

Employer contribution / active EE

$1,004

$3,233-68.9%

$5,445-81.6%

$2,042-50.8%

Participant deferral / active EE

$2,142

$4,797-55.3%

$6,569-67.4%

$3,169-32.4%

Admin fee / account holder

$346

$551-37.2%

$11,283-96.9%

$479-27.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$21,605

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$17,498

THE BENEFIT ADVANTAGE, INC.1 year

Filed as: THE BENEFIT ADVANTAGE, INC

Service code 13

Contract Administrator

$15,363

PENSIONMARK FINANCIAL GROUP LLC2+ years

Filed as: PENSIONMARK FINANCIAL GROUP

Service code 27 · EIN 61-1758632

Advisory (Plan)

$10,990

THE BENEFIT ADVANTAGE, INC.1 year

Filed as: THE BENEFIT ADVANTAGE

Service code 13 · EIN 38-3254950

Contract Administrator

$1,500

COMMUNITY STATE BANK OF ORBISONIA PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY STATE BANK OF ORBISONIA PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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