Retirement plan

FIRST NEIGHBORHOOD BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST NEIGHBORHOOD BANCSHARES, INC. - FIRST NEIGHBORHOOD BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2020) Form 5500
Creator: FIRST NEIGHBORHOOD BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NEIGHBORHOOD BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, FIRST NEIGHBORHOOD BANCSHARES, INC.

FIRST NEIGHBORHOOD BANCSHARES, INC.EIN 37-1271125Plan #002PY 2020

201 NORTH MERIDIAN ST. - TOLEDO, IL 62468217-849-2701

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18.3M

-2.7% from 2019

Total participants

115

+7.5% from 2019

Average account balance

$160,237

-11.3% from 2019

Annual return

6.29%

-5.29 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.24M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

124

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+6.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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 codes2I2P3I

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.9M

$28618 / participant

Other / not subdivided$3M100.0%

% of EOY assets

15.823%

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

$160,237

$136,307+17.6%

$177,848-9.9%

$73,497+118.0%

Participation rate

99.0%

86.1%+12.9pp

87.7%+11.3pp

70.7%+28.3pp

Annual return

6.29%

18.68%-12.4pp

48.33%-42.0pp

28.51%-22.2pp

Employer contribution / active EE

$10,605

$3,712+185.7%

$5,919+79.2%

$2,270+367.2%

Participant deferral / active EE

$5,829-100.0%

$7,714-100.0%

$3,740-100.0%

Admin fee / account holder

$25,355

$596+4157.4%

$12,431+104.0%

$513+4841.8%

FIRST NEIGHBORHOOD BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST NEIGHBORHOOD BANCSHARES, 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