Retirement plan

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Name: BANK OF SUN PRAIRIE - BANK OF SUN PRAIRIE PROFIT SHARING PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$5.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.5M

+9.5% from 2019

Total participants

112

+9.8% from 2019

Average account balance

$47,236

-0.9% from 2019

Annual return

15.56%

-2.84 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,948
ORGEL WEALTH MANAGEMENT1 year Filed as: ORGEL WEALTH MANAGEMENT, LLC Service code 27 2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720	Advisory (Plan)	$10,577
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 5707 SW PKWY BLDG. 2 · AUSTIN, TX 78735	Advisory (Plan)	$3,570
SHORE TOMPKINS ACTUARIAL RESOURCES1 year Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES, Service code 13 2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606	Contract Administrator	$3,208
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 13 1100 SUPERIOR AVE. · CLEVELAND, OH 44114	Contract Administrator	$1,504
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Investment Management	$590

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

$636K

$7487 / participant

Other / not subdivided$636K100.0%

% of EOY assets

14.183%

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

$47,236

$123,793-61.8%

$177,848-73.4%

$79,856-40.8%

Participation rate

80.0%

84.7%-4.7pp

87.7%-7.7pp

69.6%+10.4pp

Annual return

15.56%

22.82%-7.3pp

48.33%-32.8pp

31.71%-16.2pp

Employer contribution / active EE

$4,095-100.0%

$5,919-100.0%

$2,471-100.0%

Participant deferral / active EE

$4,093

$5,956-31.3%

$7,714-46.9%

$3,741+9.4%

Admin fee / account holder

$6,699

$7,243-7.5%

$12,431-46.1%

$5,306+26.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,948

ORGEL WEALTH MANAGEMENT1 year

Filed as: ORGEL WEALTH MANAGEMENT, LLC

Service code 27

2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720

Advisory (Plan)

$10,577

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27

5707 SW PKWY BLDG. 2 · AUSTIN, TX 78735

Advisory (Plan)

$3,570

SHORE TOMPKINS ACTUARIAL RESOURCES1 year

Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES,

Service code 13

2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606

Contract Administrator

$3,208

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 13

1100 SUPERIOR AVE. · CLEVELAND, OH 44114

Contract Administrator

$1,504

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Investment Management

$590

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