Retirement plan

THE NORTHUMBERLAND NATIONAL BANK 401(K) PLAN

Name: THE NORTHUMBERLAND NATIONAL BANK - THE NORTHUMBERLAND NATIONAL BANK 401(K) PLAN (2023) Form 5500
Creator: THE NORTHUMBERLAND NATIONAL BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NORTHUMBERLAND NATIONAL BANK 401(K) PLAN, THE NORTHUMBERLAND NATIONAL BANK

THE NORTHUMBERLAND NATIONAL BANKEIN 24-0677265Plan #002PY 2023

245 FRONT ST, PO BOX 271 - NORTHUMBERLAND, PA 17857570-473-3531norrybank.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.2M

+32.0% from 2022

Total participants

141

+0.7% from 2022

Average account balance

$51,649

+26.3% from 2022

Annual return

22.89%

+38.42 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.77M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

136

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$956K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.74%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
AMERICAN CENTURY5 years Filed as: AMERICAN CENTURY INVESTMENT INC Service code 28 · EIN 44-6006315	Investment Management	$0
AMERICAN CENTURY5 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28	Investment Management	$0
CHARLES SCHWAB & CO., INC.5 years Service code 19	Securities Custodian	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0
GOLDMAN SACHS4 years Filed as: GOLDMAN SACHS ASSET LP Service code 28 · EIN 13-4019460	Investment Management	$0
GOLDMAN SACHS4 years Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

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

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCKONLY & ASBURY, LLP
Auditor EIN: 231909723
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,649

$130,294-60.4%

$170,057-69.6%

$71,529-27.8%

Participation rate

98.2%

86.2%+12.0pp

87.0%+11.2pp

67.9%+30.3pp

Annual return

22.89%

20.36%+2.5pp

53.42%-30.5pp

28.97%-6.1pp

Employer contribution / active EE

$2,664

$4,385-39.2%

$6,790-60.8%

$2,590+2.9%

Participant deferral / active EE

$5,716

$6,928-17.5%

$10,411-45.1%

$4,291+33.2%

Admin fee / account holder

$966-100.0%

$12,826-100.0%

$1,588-100.0%

Provider

Service type

Compensation

AMERICAN CENTURY5 years

Filed as: AMERICAN CENTURY INVESTMENT INC

Service code 28 · EIN 44-6006315

Investment Management

AMERICAN CENTURY5 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28

Investment Management

CHARLES SCHWAB & CO., INC.5 years

Service code 19

Securities Custodian

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

GOLDMAN SACHS4 years

Filed as: GOLDMAN SACHS ASSET LP

Service code 28 · EIN 13-4019460

Investment Management

GOLDMAN SACHS4 years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP

Service code 28

Investment Management

THE NORTHUMBERLAND NATIONAL BANK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THE NORTHUMBERLAND NATIONAL BANK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion