Retirement plan

BLACKHAWK BANK & TRUST EMPLOYEES' PROFIT SHARING PLAN

Name: BLACKHAWK BANK & TRUST - BLACKHAWK BANK & TRUST EMPLOYEES' PROFIT SHARING PLAN (2016) Form 5500
Creator: BLACKHAWK BANK & TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLACKHAWK BANK & TRUST EMPLOYEES' PROFIT SHARING PLAN, BLACKHAWK BANK & TRUST

BLACKHAWK BANK & TRUSTEIN 36-2463577Plan #001PY 2016

301 WEST 4TH STREET - MILAN, IL 61264309-787-4451choosethechief.comLinkedIn201-500 employeesbanking

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$21.9M

+6.4% from 2015

Total participants

266

+9.0% from 2015

Average account balance

$104,637

+4.9% from 2015

Annual return

8.24%

+10.40 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.43M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

226

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$382

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

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 codes2E2F2G2K2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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: ANDERSON, LOWER, WHITLOW, PC
Auditor EIN: 421394940
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,637

$74,089+41.2%

$133,975-21.9%

$55,167+89.7%

Participation rate

76.1%

84.3%-8.2pp

87.1%-11.0pp

69.0%+7.1pp

Annual return

8.24%

12.11%-3.9pp

29.29%-21.1pp

169.23%-161.0pp

Employer contribution / active EE

$3,525

$3,064+15.1%

$5,211-32.4%

$1,963+79.6%

Participant deferral / active EE

$4,678-100.0%

$6,282-100.0%

$3,054-100.0%

Admin fee / account holder

$458-100.0%

$9,324-100.0%

$504-100.0%

BLACKHAWK BANK & TRUST EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BLACKHAWK BANK & TRUST EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion