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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#004Retirement-$6.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.2M

-3.9% from 2022

Total participants

0.0% from 2022

Average account balance

$73,523

-3.9% from 2022

Annual return

-4.82%

-7.26 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.31M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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

$71K

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

+19.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9705

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

$54K

$1599 / participant

Other / not subdivided$54K100.0%

% of EOY assets

1.720%

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

$73,523

$125,797-41.6%

$170,043-56.8%

$75,173-2.2%

Participation rate

100.0%

83.6%+16.4pp

87.0%+13.0pp

67.2%+32.8pp

Annual return

-4.82%

27.20%-32.0pp

53.40%-58.2pp

160.72%-165.5pp

Employer contribution / active EE

$2,140

$4,616-53.6%

$6,790-68.5%

$2,671-19.9%

Participant deferral / active EE

$6,838-100.0%

$10,410-100.0%

$4,126-100.0%

Admin fee / account holder

$1,264

$8,177-84.5%

$12,824-90.1%

$5,651-77.6%

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