Retirement plan

FIRST FEDERAL SAVINGS BANK - CHAMPAIGN-URBANA 401(K) PLAN

Name: FIRST FEDERAL SAVINGS BANK OF CHAMPAIGN - URBANA - FIRST FEDERAL SAVINGS BANK - CHAMPAIGN-URBANA 401(K) PLAN (2018) Form 5500
Creator: FIRST FEDERAL SAVINGS BANK OF CHAMPAIGN - URBANA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST FEDERAL SAVINGS BANK - CHAMPAIGN-URBANA 401(K) PLAN, FIRST FEDERAL SAVINGS BANK OF CHAMPAIGN - URBANA

FIRST FEDERAL SAVINGS BANK OF CHAMPAIGN - URBANAEIN 37-0213051Plan #003PY 2018

1311 S. NEIL ST - CHAMPAIGN, IL 61820217-356-2265356bank.comLinkedIn51-200 employeesbanking

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$735K

+36.4% from 2017

Total participants

+8.8% from 2017

Average account balance

$10,971

+22.2% from 2017

Annual return

-10.04%

-36.55 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

118.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$322K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+20.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$999

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 codes2F2G2J2E2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$248 / participant

Other / not subdivided$16K100.0%

% of EOY assets

2.122%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$10,971

$94,529-88.4%

$140,019-92.2%

$64,173-82.9%

Participation rate

88.9%

84.1%+4.8pp

87.5%+1.4pp

69.6%+19.3pp

Annual return

-10.04%

7.77%-17.8pp

651.15%-661.2pp

7.63%-17.7pp

Employer contribution / active EE

$1,482

$3,812-61.1%

$5,605-73.6%

$2,381-37.7%

Participant deferral / active EE

$2,678

$5,250-49.0%

$6,927-61.3%

$3,470-22.8%

Admin fee / account holder

$233

$6,741-96.5%

$10,705-97.8%

$4,887-95.2%

FIRST FEDERAL SAVINGS BANK - CHAMPAIGN-URBANA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST FEDERAL SAVINGS BANK - CHAMPAIGN-URBANA 401(K) 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