Retirement plan

ESSA BANK & TRUST 401(K) PLAN

Name: ESSA BANK & TRUST - ESSA BANK & TRUST 401(K) PLAN (2017) Form 5500
Creator: ESSA BANK & TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ESSA BANK & TRUST 401(K) PLAN, ESSA BANK & TRUST

ESSA BANK & TRUSTEIN 24-0568185Plan #002PY 2017

200 PALMER STREET - STROUDSBURG, PA 18360570-421-0531essabank.comLinkedIn201-500 employeesfinancial services

Other plans on this EIN

2 filings

#001Retirement-$21.2M assets #003Retirement-$20.4M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed December 2, 2008 (most recent of 2 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)

$18.8M

+10.3% from 2016

Total participants

318

+9.7% from 2016

Average account balance

$66,031

+0.6% from 2016

Annual return

13.07%

-1.63 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$972K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 27	Advisory (Plan)	$24,456
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$13,570
MID-ATLANTIC PENSION SPECIALISTS3+ years Filed as: MID ATLANTIC PENSION SPECIALISTS Service code 13	Contract Administrator	$7,807
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 33-0457728	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3379729	Indirect Investment Fees	$0
MID-ATLANTIC PENSION SPECIALISTS2+ years Service code 13 · EIN 23-2776666 2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103	Contract Administrator	$0
NATIXIS FUNDS1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$47 / participant

Contract admin$14K100.0%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: S R SNODGRASS AC
Auditor EIN: 251616561
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,031

$81,537-19.0%

$149,721-55.9%

$69,631-5.2%

Participation rate

88.1%

86.1%+2.0pp

87.1%+1.0pp

70.7%+17.4pp

Annual return

13.07%

22.79%-9.7pp

1501.67%-1488.6pp

27571.02%-27558.0pp

Employer contribution / active EE

$1,250

$3,239-61.4%

$5,444-77.0%

$2,032-38.5%

Participant deferral / active EE

$2,951

$4,994-40.9%

$6,568-55.1%

$3,224-8.5%

Admin fee / account holder

$48

$107-55.3%

$11,282-99.6%

$110-56.7%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 27

Advisory (Plan)

$24,456

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$13,570

MID-ATLANTIC PENSION SPECIALISTS3+ years

Filed as: MID ATLANTIC PENSION SPECIALISTS

Service code 13

Contract Administrator

$7,807

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 33-0457728

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 94-6050854

Indirect Investment Fees

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3379729

Indirect Investment Fees

MID-ATLANTIC PENSION SPECIALISTS2+ years

Service code 13 · EIN 23-2776666

2851 SOUTH PIKE AVE · ALLENTOWN, PA 18103

Contract Administrator

NATIXIS FUNDS1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

ESSA BANK & TRUST 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ESSA BANK & TRUST 401(K) 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