Retirement plan

FIRST DEVELOPMENT CORPORATION 401(K) PLAN

Name: FIRST DEVELOPMENT CORPORATION - FIRST DEVELOPMENT CORPORATION 401(K) PLAN (2015) Form 5500
Creator: FIRST DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST DEVELOPMENT CORPORATION 401(K) PLAN, FIRST DEVELOPMENT CORPORATION

FIRST DEVELOPMENT CORPORATIONEIN 36-3537249Plan #001PY 2015

778 W. FRONTAGE ROAD, STE. 101 - NORTHFIELD, IL 60093847-501-4622

Other plans on this EIN

1 filing

#002Retirement-$179K assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$199K

No prior year

Total participants

No prior year

Average account balance

$99,342

No prior year

Annual return

19.95%

No prior year

Benchmarks

See 27,820 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort27,820 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$399K

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76875

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

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing 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.

Opportunity flags

1 tripped

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

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

$99,342

$140,592-29.3%

$123,105-19.3%

$125,389-20.8%

Participation rate

100.0%

88.2%+11.8pp

86.8%+13.2pp

83.2%+16.8pp

Annual return

19.95%

16.80%+3.2pp

13.22%+6.7pp

282.24%-262.3pp

Employer contribution / active EE

$1,206

$6,041-80.0%

$5,151-76.6%

$4,866-75.2%

Participant deferral / active EE

$8,100

$6,980+16.0%

$6,229+30.0%

$5,352+51.4%

Admin fee / account holder

$11,198-100.0%

$9,014-100.0%

$9,541-100.0%

FIRST DEVELOPMENT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FIRST DEVELOPMENT CORPORATION 401(K) 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