Retirement plan

CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST

Name: CENTURY BANK AND TRUST - CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST (2016) Form 5500
Creator: CENTURY BANK AND TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST, CENTURY BANK AND TRUST

CENTURY BANK AND TRUSTEIN 38-2307163Plan #002PY 2016

100 WEST CHICAGO STREET - COLDWATER, MI 49036517-278-1569centurybankandtrust.comLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$5.2M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$6.4M

+11.6% from 2015

Total participants

139

+3.7% from 2015

Average account balance

$55,967

+11.6% from 2015

Annual return

11.24%

+8.22 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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)

$125K

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.

126

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

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2H2J2K2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRINK, KEY & CHLUDZINSKI, P.C.
Auditor EIN: 383061223
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,967

$74,089-24.5%

$133,975-58.2%

$55,167+1.4%

Participation rate

79.3%

84.3%-5.0pp

87.1%-7.8pp

69.0%+10.3pp

Annual return

11.24%

12.11%-0.9pp

29.29%-18.1pp

169.23%-158.0pp

Employer contribution / active EE

$1,237

$3,064-59.6%

$5,211-76.3%

$1,963-37.0%

Participant deferral / active EE

$2,456

$4,678-47.5%

$6,282-60.9%

$3,054-19.6%

Admin fee / account holder

$458-100.0%

$9,324-100.0%

$504-100.0%

CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CENTURY BANK AND TRUST EMPLOYEES STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion