Retirement plan

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Name: BANK OF SUN PRAIRIE - BANK OF SUN PRAIRIE PROFIT SHARING PLAN (2018) Form 5500
Creator: BANK OF SUN PRAIRIE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF SUN PRAIRIE PROFIT SHARING PLAN, BANK OF SUN PRAIRIE

BANK OF SUN PRAIRIEEIN 39-0148140Plan #002PY 2018

228 EAST MAIN STREET - SUN PRAIRIE, WI 53590608-837-4511bankofsunprairie.comLinkedIn51-200 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$6.1M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3.6M

-11.8% from 2017

Total participants

+11.5% from 2017

Average account balance

$43,183

-20.3% from 2017

Annual return

-0.94%

-17.53 pp from 2017

Benchmarks

See 7,475 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,475 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.39M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$430K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6134

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 codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$722K

$9624 / participant

Other / not subdivided$722K100.0%

% of EOY assets

20.139%

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

$43,183

$94,529-54.3%

$140,019-69.2%

$64,173-32.7%

Participation rate

81.3%

84.1%-2.8pp

87.5%-6.2pp

69.6%+11.8pp

Annual return

-0.94%

7.77%-8.7pp

651.17%-652.1pp

7.63%-8.6pp

Employer contribution / active EE

$3,812-100.0%

$5,605-100.0%

$2,381-100.0%

Participant deferral / active EE

$3,440

$5,250-34.5%

$6,927-50.3%

$3,470-0.8%

Admin fee / account holder

$8,697

$6,741+29.0%

$10,705-18.8%

$4,887+77.9%

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANK OF SUN PRAIRIE 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