Retirement plan

PORT WASHINGTON STATE BANK EMPLOYEES ' PROFIT SHARING RETIREMENT PLAN

Name: PORT WASHINGTON STATE BANK - PORT WASHINGTON STATE BANK EMPLOYEES ' PROFIT SHARING RETIREMENT PLAN (2017) Form 5500
Creator: PORT WASHINGTON STATE BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORT WASHINGTON STATE BANK EMPLOYEES ' PROFIT SHARING RETIREMENT PLAN, PORT WASHINGTON STATE BANK

PORT WASHINGTON STATE BANKEIN 39-0545620Plan #002PY 2017

P.O. BOX 176 - PORT WASHINGTON, WI 53074262-284-4416pwsb.bankLinkedIn51-200 employeesbanking

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed June 26, 2026 (most recent of 3 filings on file)

Plan administrator

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206 North Franklin Street

Port Washington, WI 53074

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Plans declared (1)

Port Washington State Bank Salary Continuation Agreement1 emp

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Total assets (EOY)

$14.1M

+19.8% from 2016

Total participants

126

-6.0% from 2016

Average account balance

$111,718

+9.4% from 2016

Annual return

15.25%

+7.17 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.87M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

138

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$710

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
INDEPENDANT FINANCIAL PARTNERS1 year Service code 99 · EIN 59-3331424	Other Fees	$37,029
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$21,386

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$58K

$679 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.415%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WIPFLI
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,718

$100,041+11.7%

$149,718-25.4%

$70,131+59.3%

Participation rate

100.0%

83.6%+16.4pp

87.1%+12.9pp

69.5%+30.5pp

Annual return

15.25%

27.43%-12.2pp

1501.67%-1486.4pp

73.14%-57.9pp

Employer contribution / active EE

$3,645

$3,662-0.4%

$5,445-33.0%

$2,342+55.6%

Participant deferral / active EE

$9,674

$4,983+94.1%

$6,569+47.3%

$3,332+190.3%

Admin fee / account holder

$464

$8,286-94.4%

$11,283-95.9%

$4,645-90.0%

Provider

Service type

Compensation

INDEPENDANT FINANCIAL PARTNERS1 year

Service code 99 · EIN 59-3331424

Other Fees

$37,029

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$21,386

PORT WASHINGTON STATE BANK EMPLOYEES ' PROFIT SHARING RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORT WASHINGTON STATE BANK EMPLOYEES ' PROFIT SHARING RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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