Retirement plan

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Name: BANK OF SUN PRAIRIE - BANK OF SUN PRAIRIE PROFIT SHARING PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement-$5.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.9M

+9.9% from 2020

Total participants

116

+3.6% from 2020

Average account balance

$52,485

+11.1% from 2020

Annual return

14.10%

-1.46 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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 5 by compensation

Provider	Service type	Compensation
ORGEL WEALTH MANAGEMENT2 years Filed as: ORGEL WEALTH MANAGEMENT, LLC Service code 27 2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720	Advisory (Plan)	$17,246
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,977
SHORE TOMPKINS ACTUARIAL RESOURCES2 years Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES, Service code 13 2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606	Contract Administrator	$5,321
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,015
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 99 1100 SUPERIOR AVE. · CLEVELAND, OH 44114	Other Fees	$375

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

$590K

$6862 / participant

Other / not subdivided$590K100.0%

% of EOY assets

11.962%

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

$52,485

$137,414-61.8%

$189,545-72.3%

$85,851-38.9%

Participation rate

74.4%

84.6%-10.2pp

87.8%-13.4pp

69.3%+5.1pp

Annual return

14.10%

38.14%-24.0pp

555.36%-541.3pp

318.63%-304.5pp

Employer contribution / active EE

$4,344-100.0%

$6,162-100.0%

$2,565-100.0%

Participant deferral / active EE

$4,121

$6,260-34.2%

$8,220-49.9%

$3,952+4.3%

Admin fee / account holder

$6,278

$8,630-27.2%

$12,049-47.9%

$6,261+0.3%

Provider

Service type

Compensation

ORGEL WEALTH MANAGEMENT2 years

Filed as: ORGEL WEALTH MANAGEMENT, LLC

Service code 27

2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720

Advisory (Plan)

$17,246

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,977

SHORE TOMPKINS ACTUARIAL RESOURCES2 years

Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES,

Service code 13

2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606

Contract Administrator

$5,321

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,015

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 99

1100 SUPERIOR AVE. · CLEVELAND, OH 44114

Other Fees

$375

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