Retirement plan

FULTON FINANCIAL CORPORATION 401K RETIREMENT PLAN RETIREMENT PLAN

Name: FULTON FINANCIAL CORPORATION - FULTON FINANCIAL CORPORATION 401K RETIREMENT PLAN RETIREMENT PLAN (2017) Form 5500
Creator: FULTON FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FULTON FINANCIAL CORPORATION 401K RETIREMENT PLAN RETIREMENT PLAN, FULTON FINANCIAL CORPORATION

FULTON FINANCIAL CORPORATIONEIN 23-2195389Plan #001PY 2017

ONE PENN SQUARE, P.O. BOX 7989 - LANCASTER, PA 17602717-291-2123fult.comLinkedIn1001-5000 employeesbanking

Other plans on this EIN

1 filing

#004Retirement-$64.8M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 9, 2005 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$368.2M

-7.1% from 2016

Total participants

4,594

-1.5% from 2016

Average account balance

$96,170

-5.4% from 2016

Annual return

16.64%

-10.10 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$569.08M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

4,463

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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 3 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS3+ years Service code 15 · EIN 23-1928421	Recordkeeping	$52,155
GROOM LAW GROUP3+ years Filed as: GROOM LAW GROUP, CHARTERED Service code 17 · EIN 52-1219029	Pension Consulting	$39,139
KPMG LLP1 year Filed as: KPMG Service code 10 · EIN 13-5565207	Accounting	$34,970

Plan features & details

Pension benefit codes2E2G2J2K2O2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$141K

$39 / participant

Other / not subdivided$141K100.0%

% of EOY assets

0.038%

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: KPMG, LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,170

$89,274+7.7%

$149,721-35.8%

$77,958+23.4%

Participation rate

78.9%

87.6%-8.7pp

87.1%-8.2pp

71.6%+7.2pp

Annual return

16.64%

20.36%-3.7pp

1501.67%-1485.0pp

20.87%-4.2pp

Employer contribution / active EE

$2,165

$3,727-41.9%

$5,444-60.2%

$2,310-6.3%

Participant deferral / active EE

$3,596

$5,382-33.2%

$6,568-45.2%

$3,537+1.7%

Admin fee / account holder

$37

$240-84.7%

$11,282-99.7%

$97-62.2%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS3+ years

Service code 15 · EIN 23-1928421

Recordkeeping

$52,155

GROOM LAW GROUP3+ years

Filed as: GROOM LAW GROUP, CHARTERED

Service code 17 · EIN 52-1219029

Pension Consulting

$39,139

KPMG LLP1 year

Filed as: KPMG

Service code 10 · EIN 13-5565207

Accounting

$34,970

FULTON FINANCIAL CORPORATION 401K RETIREMENT PLAN RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FULTON FINANCIAL CORPORATION 401K RETIREMENT PLAN RETIREMENT PLAN

Top hat statement on fileNQDC

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