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 (2020) 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 2020

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$73.7M

+7.3% from 2019

Total participants

373

+1.4% from 2019

Average account balance

$204,633

+5.8% from 2019

Annual return

10.48%

-10.63 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
PRO PRINT1 year Filed as: PRO BANK AUSTIN Service code 34 7205 WEST CENTRAL AVENUE · TOLEDO, OH 43617	Direct payment from the plan; Valuati...	$25,000
NYHART5 years Service code 15 · EIN 36-0966414	Recordkeeping	$23,450
RSM US LLP1 year Service code 10 · EIN 42-0714325	Accounting	$19,241

Plan features & details

Pension benefit codes2E2F2H2J2K3I

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$68K

$216 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

0 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$204,633

$111,608+83.3%

$177,840+15.1%

$73,412+178.7%

Participation rate

95.8%

87.9%+8.0pp

87.7%+8.1pp

72.2%+23.7pp

Annual return

10.48%

18.23%-7.7pp

48.32%-37.8pp

59.30%-48.8pp

Employer contribution / active EE

$3,635

$3,796-4.2%

$5,919-38.6%

$2,234+62.7%

Participant deferral / active EE

$8,246

$6,199+33.0%

$7,714+6.9%

$3,806+116.7%

Admin fee / account holder

$188

$166+13.6%

$12,431-98.5%

$158+19.1%

Provider

Service type

Compensation

PRO PRINT1 year

Filed as: PRO BANK AUSTIN

Service code 34

7205 WEST CENTRAL AVENUE · TOLEDO, OH 43617

Direct payment from the plan; Valuati...

$25,000

NYHART5 years

Service code 15 · EIN 36-0966414

Recordkeeping

$23,450

RSM US LLP1 year

Service code 10 · EIN 42-0714325

Accounting

$19,241

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