Retirement plan

AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN

Name: AMERICAN CENTRAL FINANCIAL GROUP - AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: AMERICAN CENTRAL FINANCIAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN CENTRAL BANCORPORATION 401K PROFIT SHARING PLAN, AMERICAN CENTRAL FINANCIAL GROUP

AMERICAN CENTRAL FINANCIAL GROUPEIN 37-0985153Plan #001PY 2023

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

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$14.3M

+12.8% from 2022

Total participants

173

+1.8% from 2022

Average account balance

$89,001

+13.5% from 2022

Annual return

10.40%

+17.81 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Top 2 by compensation

Provider	Service type	Compensation
BRIDGEWATER3 years Filed as: ESTES, BRIDGEWATER & OGDEN Service code 10 · EIN 37-0265152 901 S. 2ND STREET · SPRINGFIELD, IL 62704	Accounting	$5,300
MINNESOTA LIFE INSURANCE COMPANY3 years Service code 15 · EIN 41-0417830	Recordkeeping	$280

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

$8K

$69 / participant

Recordkeeping$90010.9%
Other trustee fees$2K24.6%
Other / not subdivided$5K64.4%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

2 / 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: $5,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,001

$130,294-31.7%

$170,057-47.7%

$71,529+24.4%

Participation rate

90.0%

86.2%+3.8pp

87.0%+3.0pp

67.9%+22.1pp

Annual return

10.40%

20.36%-10.0pp

53.42%-43.0pp

28.97%-18.6pp

Employer contribution / active EE

$3,201

$4,385-27.0%

$6,790-52.9%

$2,590+23.6%

Participant deferral / active EE

$6,360

$6,928-8.2%

$10,411-38.9%

$4,291+48.2%

Admin fee / account holder

$51

$966-94.7%

$12,826-99.6%

$1,588-96.8%

Provider

Service type

Compensation

BRIDGEWATER3 years

Filed as: ESTES, BRIDGEWATER & OGDEN

Service code 10 · EIN 37-0265152

901 S. 2ND STREET · SPRINGFIELD, IL 62704

Accounting

$5,300

MINNESOTA LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 41-0417830

Recordkeeping

$280

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