Retirement plan

AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN

Name: AMERICAN CENTRAL BANCORPORATION INC - AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN (2019) 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 2019

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

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$14.9M

+6.4% from 2018

Total participants

182

+2.8% from 2018

Average account balance

$90,306

+8.4% from 2018

Annual return

6.98%

+5.04 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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

$80 / participant

Investment mgmt$10K100.0%

% of EOY assets

0.066%

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

$90,306

$98,982-8.8%

$162,185-44.3%

$65,186+38.5%

Participation rate

86.3%

85.8%+0.5pp

87.6%-1.3pp

70.2%+16.1pp

Annual return

6.98%

24.84%-17.9pp

115.61%-108.6pp

29.39%-22.4pp

Employer contribution / active EE

$2,638

$3,467-23.9%

$5,613-53.0%

$2,177+21.2%

Participant deferral / active EE

$5,253

$5,384-2.4%

$7,297-28.0%

$3,514+49.5%

Admin fee / account holder

$60

$596-90.0%

$10,844-99.4%

$847-92.9%

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