Retirement plan

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Name: BANK OF SUN PRAIRIE - BANK OF SUN PRAIRIE PROFIT SHARING PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$4.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

+14.3% from 2018

Total participants

102

+5.2% from 2018

Average account balance

$47,650

+10.3% from 2018

Annual return

18.40%

+19.35 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

1 tripped

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

$768K

$9972 / participant

Other / not subdivided$768K100.0%

% of EOY assets

18.738%

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

$47,650

$109,359-56.4%

$162,185-70.6%

$72,976-34.7%

Participation rate

79.2%

84.3%-5.0pp

87.6%-8.3pp

69.5%+9.7pp

Annual return

18.40%

25.46%-7.1pp

115.61%-97.2pp

81.02%-62.6pp

Employer contribution / active EE

$4,112

$3,907+5.2%

$5,613-26.7%

$2,440+68.5%

Participant deferral / active EE

$3,632

$5,481-33.7%

$7,297-50.2%

$3,608+0.7%

Admin fee / account holder

$8,928

$7,972+12.0%

$10,844-17.7%

$5,124+74.2%

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