Retirement plan

FIRST NATIONAL BANK OF RAYMOND EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST NATIONAL BANK OF RAYMOND - FIRST NATIONAL BANK OF RAYMOND EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: FIRST NATIONAL BANK OF RAYMOND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL BANK OF RAYMOND EMPLOYEE STOCK OWNERSHIP PLAN, FIRST NATIONAL BANK OF RAYMOND

FIRST NATIONAL BANK OF RAYMONDEIN 37-0274800Plan #003PY 2024

403 EAST BROAD, BOX 469 - RAYMOND, IL 62560217-229-3701fnbraymond.comLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#004Retirement-$6.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.1M

-3.3% from 2023

Total participants

+2.3% from 2023

Average account balance

$72,778

-1.0% from 2023

Annual return

-1.03%

+3.79 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.06M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

-1.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3720

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 codes2O2Q3D3H3I

Plan features

2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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)).
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$156K

$5040 / participant

Other / not subdivided$156K100.0%

% of EOY assets

5.111%

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

$72,778

$138,393-47.4%

$184,256-60.5%

$80,959-10.1%

Participation rate

93.5%

83.9%+9.7pp

86.8%+6.7pp

67.7%+25.9pp

Annual return

-1.03%

20.01%-21.0pp

28.85%-29.9pp

35.67%-36.7pp

Employer contribution / active EE

$2,379

$4,847-50.9%

$6,427-63.0%

$2,757-13.7%

Participant deferral / active EE

$7,076-100.0%

$9,133-100.0%

$4,300-100.0%

Admin fee / account holder

$3,720

$10,489-64.5%

$13,899-73.2%

$6,925-46.3%

FIRST NATIONAL BANK OF RAYMOND EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NATIONAL BANK OF RAYMOND EMPLOYEE STOCK OWNERSHIP 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