Retirement plan

FIRST COLUMBIA BANK & TRUST CO. EMPLOYEES' PROFIT SHARING PLAN

Name: FIRST COLUMBIA BANK & TRUST CO. - FIRST COLUMBIA BANK & TRUST CO. EMPLOYEES' PROFIT SHARING PLAN (2017) Form 5500
Creator: FIRST COLUMBIA BANK & TRUST CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST COLUMBIA BANK & TRUST CO. EMPLOYEES' PROFIT SHARING PLAN, FIRST COLUMBIA BANK & TRUST CO.

FIRST COLUMBIA BANK & TRUST CO.EIN 24-0528723Plan #002PY 2017

PO BOX 240, 232 EAST STREET - BLOOMSBURG, PA 17815570-784-1660journeybank.comLinkedIn201-500 employeesbanking

Prospect flagsLow returnsLow participant contribution

Top hat statement on fileNQDC

Filed January 12, 2018 (most recent of 5 filings on file)

Plan administrator

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232 East Street

Bloomsburg State: PA Zip Code: 17815

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Plans declared (1)

First Columbia Bank & Trust Co. Supplemental Executive Retirement Plan6 emp

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Total assets (EOY)

$14.2M

+15.1% from 2016

Total participants

207

-6.8% from 2016

Average account balance

$72,159

+21.5% from 2016

Annual return

13.01%

+5.73 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.53M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

293

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.

82.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

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

+26.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$5,712
LIFESTYLE RETIREMENT COMPANY1 year Service code 13 · EIN 25-1867808	Contract Administrator	$0
MORNINGSTAR3+ years Service code 27 · EIN 36-3297908	Advisory (Plan)	$0
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$0

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$42 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.053%

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: LARSON, KELLETT & ASSOC., P.C.
Auditor EIN: 232723863
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,159

$89,739-19.6%

$149,721-51.8%

$62,293+15.8%

Participation rate

94.4%

85.1%+9.3pp

87.1%+7.3pp

69.5%+24.9pp

Annual return

13.01%

21.01%-8.0pp

1501.67%-1488.7pp

28.90%-15.9pp

Employer contribution / active EE

$1,326

$3,233-59.0%

$5,444-75.6%

$2,042-35.1%

Participant deferral / active EE

$2,079

$4,797-56.7%

$6,568-68.4%

$3,169-34.4%

Admin fee / account holder

$38

$551-93.1%

$11,282-99.7%

$479-92.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSUR CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$5,712

LIFESTYLE RETIREMENT COMPANY1 year

Service code 13 · EIN 25-1867808

Contract Administrator

MORNINGSTAR3+ years

Service code 27 · EIN 36-3297908

Advisory (Plan)

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

FIRST COLUMBIA BANK & TRUST CO. EMPLOYEES' PROFIT SHARING 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

FIRST COLUMBIA BANK & TRUST CO. EMPLOYEES' PROFIT SHARING 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