Retirement plan

GIFFORD BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: GIFFORD BANCORP, INC. - GIFFORD BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2015) Form 5500
Creator: GIFFORD BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIFFORD BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN, GIFFORD BANCORP, INC.

GIFFORD BANCORP, INC.EIN 37-1139170Plan #003PY 2015

P.O. BOX 400, 304 SOUTH MAIN STREET - GIFFORD, IL 618470400217-568-7311

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.8M

No prior year

Total participants

No prior year

Average account balance

$358,728

No prior year

Annual return

15.74%

No prior year

Benchmarks

See 7,498 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,498 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.26M

Not enough data

1 years with asset history on file

Average account balance

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

$477K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$805K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+37.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9197

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 codes2I2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$35408 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.528%

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

$358,728

$82,032+337.3%

$123,104+191.4%

$59,632+501.6%

Participation rate

87.5%

83.2%+4.3pp

86.8%+0.7pp

68.7%+18.8pp

Annual return

15.74%

5.12%+10.6pp

13.22%+2.5pp

2041.32%-2025.6pp

Employer contribution / active EE

$10,087

$3,297+206.0%

$5,151+95.8%

$2,203+358.0%

Participant deferral / active EE

$4,667-100.0%

$6,230-100.0%

$3,192-100.0%

Admin fee / account holder

$37,769

$5,881+542.2%

$9,015+319.0%

$4,297+778.9%

GIFFORD BANCORP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIFFORD BANCORP, INC. 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