Retirement plan

AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN

Name: AMERICAN CENTRAL BANCORPORATION INC - AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: AMERICAN CENTRAL BANCORPORATION INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN, AMERICAN CENTRAL BANCORPORATION INC

AMERICAN CENTRAL BANCORPORATION INCEIN 37-0985153Plan #001PY 2017

3300 HEDLEY ROAD - SPRINGFIELD, IL 62711217-793-7400

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$14.4M

+8.5% from 2016

Total participants

189

-1.0% from 2016

Average account balance

$80,319

+10.4% from 2016

Annual return

5.12%

-0.26 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.75M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

152

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60

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

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 codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$10K

$82 / participant

Investment mgmt$10K100.0%

% of EOY assets

0.070%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ESTES, BRIDGEWATER & OGDEN
Auditor EIN: 370265152
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,319

$89,739-10.5%

$149,721-46.4%

$62,293+28.9%

Participation rate

91.9%

85.1%+6.8pp

87.1%+4.8pp

69.5%+22.4pp

Annual return

5.12%

21.01%-15.9pp

1501.67%-1496.6pp

28.90%-23.8pp

Employer contribution / active EE

$2,532

$3,233-21.7%

$5,444-53.5%

$2,042+24.0%

Participant deferral / active EE

$5,161

$4,797+7.6%

$6,568-21.4%

$3,169+62.9%

Admin fee / account holder

$57

$551-89.7%

$11,282-99.5%

$479-88.2%

AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN CENTRAL BANCORPORATION 401K 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