Retirement plan

FIRST SECURITY STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST SECURITY STATE BANK - FIRST SECURITY STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN (2016) Form 5500
Creator: FIRST SECURITY STATE BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SECURITY STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN, FIRST SECURITY STATE BANK

FIRST SECURITY STATE BANKEIN 42-0864710Plan #001PY 2016

ATSB, PO BOX 938 - DUBUQUE, IA 520040938800-548-2995fssbonline.comLinkedIn11-50 employeesbanking

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.1M

-6.5% from 2015

Total participants

-3.2% from 2015

Average account balance

$94,041

+2.0% from 2015

Annual return

6.58%

+6.70 pp from 2015

Benchmarks

See 30,342 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,342 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.33M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8143

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 codes2I2O2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$427K

$18578 / participant

Other / not subdivided$427K100.0%

% of EOY assets

20.653%

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

$94,041

$153,769-38.8%

$133,975-29.8%

$273,972-65.7%

Participation rate

65.2%

88.4%-23.1pp

87.1%-21.8pp

83.0%-17.8pp

Annual return

6.58%

36.51%-29.9pp

29.29%-22.7pp

41.46%-34.9pp

Employer contribution / active EE

$2,252

$6,029-62.7%

$5,211-56.8%

$4,869-53.8%

Participant deferral / active EE

$2,927

$6,958-57.9%

$6,282-53.4%

$5,287-44.6%

Admin fee / account holder

$19,423

$11,765+65.1%

$9,324+108.3%

$10,133+91.7%

FIRST SECURITY STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SECURITY STATE BANK 401(K) EMPLOYEE STOCK OWNERSHIP 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