Retirement plan

CENTIER BANK ASSOCIATES' STOCK OWNERSHIP AND 401(K) PLAN

Name: CENTIER BANK - CENTIER BANK ASSOCIATES' STOCK OWNERSHIP AND 401(K) PLAN (2018) Form 5500
Creator: CENTIER BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTIER BANK ASSOCIATES' STOCK OWNERSHIP AND 401(K) PLAN, CENTIER BANK

CENTIER BANKEIN 35-0161790Plan #002PY 2018

600 E. 84TH AVE. - MERRILLVILLE, IN 46410219-755-6160centier.comLinkedIn501-1000 employeesbanking

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed August 30, 2023 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

600 E. 84th Avenue

Merrillville, IN 46410

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Plans declared (1)

Business Succession Agreement1 emp

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Total assets (EOY)

$114.3M

-14.3% from 2016

Total participants

1,066

-9.1% from 2016

Average account balance

$108,033

-6.1% from 2016

Annual return

7.13%

-11.01 pp from 2016

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$264.40M

Not enough data

1 years with asset history on file

Average account balance

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

$227K

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.

1,165

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 16-1450952	Recordkeeping	$18,443
MAINSTREET FINANCIAL SOLUTIONS1 year Filed as: MAINSTREET ADVISORS Service code 27 120 N. LASALLE ST. · CHICAGO, IL 60602	Advisory (Plan)	$13,908
CHARLES SCHWAB & CO., INC.4+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2I2J2K2O2T3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$42 / participant

Investment mgmt$14K38.6%
Other / not subdivided$22K61.4%

% of EOY assets

0.032%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,033

$80,005+35.0%

$140,019-22.8%

$55,727+93.9%

Participation rate

99.1%

87.0%+12.1pp

87.5%+11.6pp

70.9%+28.2pp

Annual return

7.13%

0.46%+6.7pp

651.19%-644.1pp

244.94%-237.8pp

Employer contribution / active EE

$3,761

$3,403+10.5%

$5,605-32.9%

$2,078+81.0%

Participant deferral / active EE

$3,873

$5,264-26.4%

$6,927-44.1%

$3,356+15.4%

Admin fee / account holder

$34

$116-70.6%

$10,705-99.7%

$115-70.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 16-1450952

Recordkeeping

$18,443

MAINSTREET FINANCIAL SOLUTIONS1 year

Filed as: MAINSTREET ADVISORS

Service code 27

120 N. LASALLE ST. · CHICAGO, IL 60602

Advisory (Plan)

$13,908

CHARLES SCHWAB & CO., INC.4+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 42-1558009

Securities Custodian

CENTIER BANK ASSOCIATES' STOCK OWNERSHIP AND 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

CENTIER BANK ASSOCIATES' STOCK OWNERSHIP AND 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