Retirement plan

BANK OF BIRD-IN-HAND 401(K) PLAN

Name: BANK OF BIRD-IN-HAND - BANK OF BIRD-IN-HAND 401(K) PLAN (2016) Form 5500
Creator: BANK OF BIRD-IN-HAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF BIRD-IN-HAND 401(K) PLAN, BANK OF BIRD-IN-HAND

BANK OF BIRD-IN-HANDEIN 32-0412177Plan #001PY 2016

309 NORTH RONKS ROAD - BIRD IN HAND, PA 17505717-768-8811bihbank.comLinkedIn51-200 employeesbanking

Prospect flagsHigh feesLow assets / participant

Top hat statement on fileNQDC

Filed September 6, 2018

Plan administrator

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309 North Ronks Road

Bird-in-Hand State: PA Zip Code: 17505

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Plans declared (1)

Supplemental Executive Retirement Plan2 emp

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Total assets (EOY)

$521K

+191.8% from 2015

Total participants

+47.6% from 2015

Average account balance

$18,616

+87.6% from 2015

Annual return

109.20%

+109.20 pp from 2015

Benchmarks

See 7,671 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,671 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.85M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

102

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.

113.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3788

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$391 / participant

Other / not subdivided$11K100.0%

% of EOY assets

2.103%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,616

$87,834-78.8%

$133,975-86.1%

$62,881-70.4%

Participation rate

89.3%

83.4%+5.9pp

87.1%+2.2pp

69.3%+20.0pp

Annual return

109.20%

12.05%+97.1pp

29.29%+79.9pp

20.14%+89.1pp

Employer contribution / active EE

$1,952

$3,482-43.9%

$5,211-62.5%

$2,281-14.4%

Participant deferral / active EE

$3,684

$4,812-23.4%

$6,282-41.4%

$3,203+15.0%

Admin fee / account holder

$391

$5,372-92.7%

$9,324-95.8%

$4,296-90.9%

BANK OF BIRD-IN-HAND 401(K) 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

BANK OF BIRD-IN-HAND 401(K) 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