Retirement plan

THE NATIONAL BANK OF INDIANAPOLIS CORPORATION 401(K) SAVINGS PLAN

Name: THE NATIONAL BANK OF INDIANAPOLIS CORPORATION - THE NATIONAL BANK OF INDIANAPOLIS CORPORATION 401(K) SAVINGS PLAN (2024) Form 5500
Creator: THE NATIONAL BANK OF INDIANAPOLIS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NATIONAL BANK OF INDIANAPOLIS CORPORATION 401(K) SAVINGS PLAN, THE NATIONAL BANK OF INDIANAPOLIS CORPORATION

THE NATIONAL BANK OF INDIANAPOLIS CORPORATIONEIN 35-1887991Plan #001PY 2024

107 NORTH PENNSYLVANIA ST SUITE 500 - INDIANAPOLIS, IN 462042420317-261-9732nbofi.comLinkedIn201-500 employeesbanking

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$94.9M

+11.6% from 2023

Total participants

384

+1.6% from 2023

Average account balance

$265,738

+12.8% from 2023

Annual return

15.08%

-1.03 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$94.87M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

357

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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
HOVDE GROUP2 years Filed as: HOVDE GROUP, LLC Service code 34 1629 COLONIAL PARKWAY · INVERNESS, IL 60067	Valuation (appraisals, etc.); Direct ...	$31,650
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 20-0823534	Recordkeeping	$28,810
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ MHM, LLC Service code 27 · EIN 22-2769024	Advisory (Plan)	$12,550
TRINITY PENSION CONSULTANTS2 years Service code 11 202 MONTROSE WEST AVENUE · AKRON, OH 44321	Actuarial	$7,100

Plan features & details

Pension benefit codes2E2F2H2J2K2T3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$50K

$152 / participant

Contract admin$50K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$265,738

$129,227+105.6%

$184,260+44.2%

$77,736+241.8%

Participation rate

91.9%

87.4%+4.5pp

86.8%+5.1pp

70.6%+21.3pp

Annual return

15.08%

33.24%-18.2pp

28.84%-13.8pp

31.26%-16.2pp

Employer contribution / active EE

$3,748

$4,412-15.1%

$6,427-41.7%

$2,728+37.4%

Participant deferral / active EE

$9,161

$7,307+25.4%

$9,133+0.3%

$4,651+97.0%

Admin fee / account holder

$141

$256-44.7%

$13,898-99.0%

$433-67.4%

Provider

Service type

Compensation

HOVDE GROUP2 years

Filed as: HOVDE GROUP, LLC

Service code 34

1629 COLONIAL PARKWAY · INVERNESS, IL 60067

Valuation (appraisals, etc.); Direct ...

$31,650

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 20-0823534

Recordkeeping

$28,810

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ MHM, LLC

Service code 27 · EIN 22-2769024

Advisory (Plan)

$12,550

TRINITY PENSION CONSULTANTS2 years

Service code 11

202 MONTROSE WEST AVENUE · AKRON, OH 44321

Actuarial

$7,100

THE NATIONAL BANK OF INDIANAPOLIS CORPORATION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NATIONAL BANK OF INDIANAPOLIS CORPORATION 401(K) SAVINGS 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