Retirement plan

BANK OF SUN PRAIRIE PROFIT SHARING PLAN

Name: BANK OF SUN PRAIRIE - BANK OF SUN PRAIRIE PROFIT SHARING PLAN (2022) 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 2022

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)

$4.3M

-13.6% from 2021

Total participants

110

-5.2% from 2021

Average account balance

$47,896

-8.7% from 2021

Annual return

-10.50%

-24.60 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
ORGEL WEALTH MANAGEMENT3 years Filed as: ORGEL WEALTH MANAGEMENT, LLC Service code 27 2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720	Advisory (Plan)	$15,483
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,437
SHORE TOMPKINS ACTUARIAL RESOURCES3 years Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES, Service code 13 2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606	Contract Administrator	$5,221
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,168

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

$536K

$6379 / participant

Other / not subdivided$536K100.0%

% of EOY assets

12.570%

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

$47,896

$110,083-56.5%

$151,645-68.4%

$68,490-30.1%

Participation rate

75.0%

84.0%-9.0pp

87.5%-12.5pp

67.9%+7.1pp

Annual return

-10.50%

-10.12%-0.4pp

3.34%-13.8pp

-7.85%-2.6pp

Employer contribution / active EE

$4,470-100.0%

$6,165-100.0%

$2,597-100.0%

Participant deferral / active EE

$4,007

$6,526-38.6%

$8,363-52.1%

$4,028-0.5%

Admin fee / account holder

$6,021

$7,718-22.0%

$11,614-48.2%

$5,403+11.4%

Provider

Service type

Compensation

ORGEL WEALTH MANAGEMENT3 years

Filed as: ORGEL WEALTH MANAGEMENT, LLC

Service code 27

2420 RIVERS EDGE DRIVE · ALTOONA, WA 54720

Advisory (Plan)

$15,483

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,437

SHORE TOMPKINS ACTUARIAL RESOURCES3 years

Filed as: SHORE TOMPKINS ACTUARIAL RESOURCES,

Service code 13

2 N. RIVERSIDE PLAZA · CHICAGO, IL 60606

Contract Administrator

$5,221

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,168

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