Retirement plan

CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: CARROLLTON BANK - CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2020) Form 5500
Creator: CARROLLTON BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN, CARROLLTON BANK

CARROLLTON BANKEIN 37-0207180Plan #001PY 2020

315 SIXTH ST. PO BOX 232 - CARROLLTON, IL 62016217-942-9308carrolltonbanking.comLinkedIn201-500 employeesbanking

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$66.8M

+27.6% from 2019

Total participants

301

+7.1% from 2019

Average account balance

$235,900

+17.7% from 2019

Annual return

16.34%

-5.40 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

$94.16M

Not enough data

1 years with asset history on file

Average account balance

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

$292K

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.

323

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$789

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
EPIC RETIREMENT PLAN SERVICES3 years Service code 15 · EIN 16-1450952	Recordkeeping	$92,309
MONETA GROUP LLC1 year Service code 27 · EIN 20-1903821	Advisory (Plan)	$89,953
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$19,938
CHARLES SCHWAB & CO., INC.2 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$182K

$644 / participant

Investment mgmt$90K49.4%
Other / not subdivided$92K50.6%

% of EOY assets

0.273%

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: SCHEFFEL AND COMPANY P.C.
Auditor EIN: 371206530
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$235,900

$111,608+111.4%

$177,840+32.6%

$73,412+221.3%

Participation rate

93.6%

87.9%+5.8pp

87.7%+5.9pp

72.2%+21.5pp

Annual return

16.34%

18.23%-1.9pp

48.32%-32.0pp

59.30%-43.0pp

Employer contribution / active EE

$13,358

$3,796+251.9%

$5,919+125.7%

$2,234+498.1%

Participant deferral / active EE

$8,758

$6,199+41.3%

$7,714+13.5%

$3,806+130.1%

Admin fee / account holder

$644

$166+289.0%

$12,431-94.8%

$158+307.9%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES3 years

Service code 15 · EIN 16-1450952

Recordkeeping

$92,309

MONETA GROUP LLC1 year

Service code 27 · EIN 20-1903821

Advisory (Plan)

$89,953

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$19,938

CHARLES SCHWAB & CO., INC.2 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING 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