Retirement plan

THE BANCORP, INC. 401(K) PLAN

Name: THE BANCORP, INC. - THE BANCORP, INC. 401(K) PLAN (2015) Form 5500
Creator: THE BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BANCORP, INC. 401(K) PLAN, THE BANCORP, INC.

THE BANCORP, INC.EIN 23-3016517Plan #001PY 2015

409 SILVERSIDE ROAD - WILMINGTON, DE 19809302-385-5394LinkedIn1-10 employeesinvestment management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$27.1M

No prior year

Total participants

804

No prior year

Average account balance

$38,989

No prior year

Annual return

-5.90%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$120.08M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

961

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+20.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Filed as: LINCOLN FINANCIAL ADVISORS Service code 55 1300 S. CLINTON STREET, #150 · FT. WAYNE, IN 46802	Other Commissions	$54,593
ASSOCIATED BENEFIT PLANNERS, LTD.1+ years Service code 13 215 W. CHURCH ROAD, SUITE 200 · KING OF PRUSSIA, PA 19406	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,782

Plan features & details

Pension benefit codes2E2H2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$7 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

0 / 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: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,989

$68,413-43.0%

$123,105-68.3%

$55,191-29.4%

Participation rate

84.6%

84.5%+0.1pp

86.8%-2.2pp

69.2%+15.4pp

Annual return

-5.90%

6.30%-12.2pp

13.22%-19.1pp

10.78%-16.7pp

Employer contribution / active EE

$1,606

$3,050-47.4%

$5,151-68.8%

$1,899-15.4%

Participant deferral / active EE

$4,388

$4,490-2.3%

$6,229-29.6%

$3,046+44.0%

Admin fee / account holder

$88-91.3%

$9,014-99.9%

$91-91.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 55

1300 S. CLINTON STREET, #150 · FT. WAYNE, IN 46802

Other Commissions

$54,593

ASSOCIATED BENEFIT PLANNERS, LTD.1+ years

Service code 13

215 W. CHURCH ROAD, SUITE 200 · KING OF PRUSSIA, PA 19406

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,782

THE BANCORP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BANCORP, INC. 401(K) PLAN

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