Retirement plan

FIRST COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT PLAN

Name: FIRST COMMONWEALTH FINANCIAL CORPORATION - FIRST COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT PLAN (2016) Form 5500
Creator: FIRST COMMONWEALTH FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT PLAN, FIRST COMMONWEALTH FINANCIAL CORPORATION

FIRST COMMONWEALTH FINANCIAL CORPORATIONEIN 25-1428528Plan #002PY 2016

22 NORTH SIXTH STREET - INDIANA, PA 157011802724-463-1699

Prospect flagsLow returnsHigh cash

Top hat statement on fileNQDC

Filed December 29, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

601 Philadelphia Street

Indiana State: PA Zip Code: 15701

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

First Commonwealth Financial Corporation Non-Qualified Deferred Compensation Plan10 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$103.8M

-0.5% from 2015

Total participants

1,586

-3.8% from 2015

Average account balance

$73,133

-1.0% from 2015

Annual return

5.93%

+0.20 pp from 2015

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$176.13M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

1,866

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 4 by compensation

Provider	Service type	Compensation
MERCER2+ years Service code 16 · EIN 06-1685865	Consulting	$40,000
BAKER TILLY US, LLP2+ years Filed as: BAKER TILLY Service code 10 · EIN 39-0859910	Accounting	$12,600
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$9,715
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$37,639

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$25K

$19 / participant

Investment mgmt$10K39.1%
Other / not subdivided$15K60.9%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,133

$80,354-9.0%

$133,975-45.4%

$63,975+14.3%

Participation rate

87.1%

87.5%-0.5pp

87.1%0pp

71.1%+15.9pp

Annual return

5.93%

13.11%-7.2pp

29.29%-23.4pp

48.65%-42.7pp

Employer contribution / active EE

$1,962

$3,503-44.0%

$5,211-62.3%

$2,182-10.1%

Participant deferral / active EE

$3,206

$5,239-38.8%

$6,282-49.0%

$3,356-4.5%

Admin fee / account holder

$18

$69-74.7%

$9,324-99.8%

$70-75.1%

Provider

Service type

Compensation

MERCER2+ years

Service code 16 · EIN 06-1685865

Consulting

$40,000

BAKER TILLY US, LLP2+ years

Filed as: BAKER TILLY

Service code 10 · EIN 39-0859910

Accounting

$12,600

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$9,715

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$37,639

FIRST COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT 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 COMMONWEALTH FINANCIAL CORPORATION 401(K) RETIREMENT SAVINGS AND INVESTMENT 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