Retirement plan

FIRST STATE BANK OF ST. CHARLES EMPLOYEE STOCK OWNERSHIP PLAN

Name: FIRST STATE BANK OF ST. CHARLES - FIRST STATE BANK OF ST. CHARLES EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: FIRST STATE BANK OF ST. CHARLES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST STATE BANK OF ST. CHARLES EMPLOYEE STOCK OWNERSHIP PLAN, FIRST STATE BANK OF ST. CHARLES

FIRST STATE BANK OF ST. CHARLESEIN 43-0492450Plan #001PY 2024

206 N 5TH ST - SAINT CHARLES, MO 633011852636-940-5555fsbfinancial.comLinkedIn201-500 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$25.2M assets

Prospect flagsLow returnsHigh cashRecently reached 100 employees

How to read this page

Total assets (EOY)

$10.6M

+3.1% from 2023

Total participants

196

-7.1% from 2023

Average account balance

$54,218

-99.5% from 2023

Annual return

7.91%

+2.81 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.63M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

196

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
TRANSITION FINANCE STRATEGIES, LLC2 years Filed as: TRANSITION FINANCE STRATEGIES Service code 64 · EIN 13-4238973 154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911	Recordkeeping Fees	$17,777
SOUTHARD FINANCIAL2 years Filed as: SOUTHARD FINANCIAL, LLC Service code 34 · EIN 46-1631669 5050 POPLAR AVENUE, SUITE 708 · MEMPHIS, TN 38157	Valuation (appraisals, etc.)	$5,200

Plan features & details

Pension benefit codes2I2O3I

Plan features

2I
Stock bonus
Stock bonus plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$27K

$156 / participant

Recordkeeping$27K100.0%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,218

$122,063-55.6%

$184,256-70.6%

$74,478-27.2%

Participation rate

100.0%

85.5%+14.5pp

86.8%+13.2pp

67.2%+32.8pp

Annual return

7.91%

19.92%-12.0pp

28.85%-20.9pp

1370.56%-1362.7pp

Employer contribution / active EE

$3,488

$4,539-23.1%

$6,427-45.7%

$2,626+32.8%

Participant deferral / active EE

$7,144-100.0%

$9,133-100.0%

$4,350-100.0%

Admin fee / account holder

$137

$1,253-89.1%

$13,899-99.0%

$1,946-93.0%

Provider

Service type

Compensation

TRANSITION FINANCE STRATEGIES, LLC2 years

Filed as: TRANSITION FINANCE STRATEGIES

Service code 64 · EIN 13-4238973

154 HANSEN ROAD · CHARLOTTESVILLE, VA 22911

Recordkeeping Fees

$17,777

SOUTHARD FINANCIAL2 years

Filed as: SOUTHARD FINANCIAL, LLC

Service code 34 · EIN 46-1631669

5050 POPLAR AVENUE, SUITE 708 · MEMPHIS, TN 38157

Valuation (appraisals, etc.)

$5,200

FIRST STATE BANK OF ST. CHARLES EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST STATE BANK OF ST. CHARLES 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