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 (2017) 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 2017

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

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$2M

-5.2% from 2016

Total participants

+23.3% from 2016

Average account balance

$81,710

-13.1% from 2016

Annual return

12.78%

+6.19 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

$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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$533K

$17182 / participant

Other / not subdivided$533K100.0%

% of EOY assets

27.161%

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

$81,710

$100,041-18.3%

$149,718-45.4%

$70,131+16.5%

Participation rate

58.1%

83.6%-25.5pp

87.1%-29.0pp

69.5%-11.5pp

Annual return

12.78%

27.43%-14.7pp

1501.70%-1488.9pp

73.14%-60.4pp

Employer contribution / active EE

$1,824

$3,662-50.2%

$5,444-66.5%

$2,342-22.1%

Participant deferral / active EE

$2,766

$4,983-44.5%

$6,568-57.9%

$3,332-17.0%

Admin fee / account holder

$22,194

$8,286+167.8%

$11,283+96.7%

$4,645+377.7%

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