Retirement plan

AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN

Name: AMERICAN CENTRAL BANCORPORATION INC - AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$15.5M

+4.1% from 2020

Total participants

181

+2.3% from 2020

Average account balance

$93,886

+2.2% from 2020

Annual return

7.55%

+0.86 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
BRIDGEWATER1 year Filed as: ESTES, BRIDGEWATER & OGDEN Service code 10 · EIN 37-0265152 901 S. 2ND STREET · SPRINGFIELD, IL 62704	Accounting	$5,200
MINNESOTA LIFE INSURANCE COMPANY1 year Service code 13 · EIN 41-0417830	Contract Administrator	$210

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

$9K

$65 / participant

Contract admin$1K12.4%
Other / not subdivided$8K87.6%

% of EOY assets

0.058%

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

$93,886

$121,341-22.6%

$189,537-50.5%

$79,391+18.3%

Participation rate

88.4%

86.1%+2.3pp

87.8%+0.6pp

70.7%+17.7pp

Annual return

7.55%

21.08%-13.5pp

555.34%-547.8pp

116.88%-109.3pp

Employer contribution / active EE

$2,473

$3,915-36.8%

$6,161-59.9%

$2,428+1.9%

Participant deferral / active EE

$4,631

$6,395-27.6%

$8,220-43.7%

$4,046+14.5%

Admin fee / account holder

$54

$651-91.7%

$12,048-99.6%

$627-91.4%

Provider

Service type

Compensation

BRIDGEWATER1 year

Filed as: ESTES, BRIDGEWATER & OGDEN

Service code 10 · EIN 37-0265152

901 S. 2ND STREET · SPRINGFIELD, IL 62704

Accounting

$5,200

MINNESOTA LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 41-0417830

Contract Administrator

$210

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