Retirement plan

COMMERCIAL BANK & TRUST OF PA EMPLOYEES' PROFIT SHARING RETIREMENT PLAN

Name: COMMERCIAL BANK & TRUST OF PA - COMMERCIAL BANK & TRUST OF PA EMPLOYEES' PROFIT SHARING RETIREMENT PLAN (2022) Form 5500
Creator: COMMERCIAL BANK & TRUST OF PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMERCIAL BANK & TRUST OF PA EMPLOYEES' PROFIT SHARING RETIREMENT PLAN, COMMERCIAL BANK & TRUST OF PA

COMMERCIAL BANK & TRUST OF PAEIN 25-0415360Plan #001PY 2022

900 LIGONIER STREET, P.O. BOX 429 - LATROBE, PA 156500429724-539-3501cnbthebankonline.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.7M

-16.0% from 2021

Total participants

105

-6.3% from 2021

Average account balance

$165,520

-10.2% from 2021

Annual return

-14.58%

-27.23 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.03M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

105

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$470K

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

+9.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.8+ years Service code 15 · EIN 45-6062081 401 DEMERS AVENUE · GRAND FORKS, ND 58201	Recordkeeping	$14,510

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$15K

$194 / participant

Investment mgmt$14K92.4%
Contract admin$5103.4%
Other / not subdivided$6344.2%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,520

$110,083+50.4%

$151,639+9.2%

$68,486+141.7%

Participation rate

94.9%

84.0%+10.9pp

87.5%+7.4pp

67.9%+27.0pp

Annual return

-14.58%

-10.12%-4.5pp

3.34%-17.9pp

-7.85%-6.7pp

Employer contribution / active EE

$2,921

$4,470-34.6%

$6,165-52.6%

$2,597+12.5%

Participant deferral / active EE

$3,121

$6,526-52.2%

$8,363-62.7%

$4,028-22.5%

Admin fee / account holder

$150

$7,718-98.1%

$11,613-98.7%

$5,404-97.2%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.8+ years

Service code 15 · EIN 45-6062081

401 DEMERS AVENUE · GRAND FORKS, ND 58201

Recordkeeping

$14,510

COMMERCIAL BANK & TRUST OF PA EMPLOYEES' PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMERCIAL BANK & TRUST OF PA EMPLOYEES' PROFIT SHARING RETIREMENT 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