Retirement plan

CENTRAL BANCOMPANY TAX REDUCTION THRIFT 401(K) PLAN

Name: CENTRAL BANCOMPANY - CENTRAL BANCOMPANY TAX REDUCTION THRIFT 401(K) PLAN (2016) Form 5500
Creator: CENTRAL BANCOMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL BANCOMPANY TAX REDUCTION THRIFT 401(K) PLAN, CENTRAL BANCOMPANY

CENTRAL BANCOMPANYEIN 43-0959114Plan #002PY 2016

238 MADISON STREET - JEFFERSON CITY, MO 65101573-634-1274centralbancompany.comLinkedIn1001-5000 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$208.8M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed August 25, 2020 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

238 Madison Street

Jefferson City, MO 65101

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Plans declared (6)

Supplemental Pension Agreement (B. Cook)1 emp
Nonqualified Supplemental Retirement Plan B5 emp
Nonqualified Supplemental Retirement Plan C4 emp
Incentive Compensation Plan II23 emp
Central Bancompany Deferred Compensation Plan50 emp
+1 more

Total covered: 84 employees

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Total assets (EOY)

$180.7M

-6.9% from 2016

Total participants

3,210

-2.3% from 2016

Average account balance

$61,804

-5.0% from 2016

Annual return

7.46%

-5.40 pp from 2016

Benchmarks

See 142 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort142 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$400.67M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

4,250

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 4 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$279,508
RESOURCES INVESTMENT ADVISORS LLC2+ years Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 15 · EIN 43-1451524	Recordkeeping	$72,049
BKD, LLP1 year Service code 15 · EIN 44-0160260	Recordkeeping	$12,772
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$365K

$132 / participant

Other / not subdivided$365K100.0%

% of EOY assets

0.202%

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: BKD LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,804

$107,045-42.3%

$108,745-43.2%

$63,975-3.4%

Participation rate

89.6%

81.9%+7.7pp

77.7%+11.9pp

71.1%+18.5pp

Annual return

7.46%

18.14%-10.7pp

46.22%-38.8pp

48.65%-41.2pp

Employer contribution / active EE

$1,038

$2,651-60.8%

$3,323-68.8%

$2,182-52.4%

Participant deferral / active EE

$3,512

$4,292-18.2%

$5,121-31.4%

$3,356+4.6%

Admin fee / account holder

$125

$67+86.2%

$6,144-98.0%

$70+77.5%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$279,508

RESOURCES INVESTMENT ADVISORS LLC2+ years

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 15 · EIN 43-1451524

Recordkeeping

$72,049

BKD, LLP1 year

Service code 15 · EIN 44-0160260

Recordkeeping

$12,772

ADP BROKER-DEALER2+ years

Service code 49 · EIN 22-3319984

Other Services

CENTRAL BANCOMPANY TAX REDUCTION THRIFT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL BANCOMPANY TAX REDUCTION THRIFT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

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