Retirement plan

PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Name: PHELPS COUNTY BANCSHARES, INC. - PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: PHELPS COUNTY BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN, PHELPS COUNTY BANCSHARES, INC.

PHELPS COUNTY BANCSHARES, INC.EIN 43-1146028Plan #003PY 2019

718 NORTH PINE STREET - ROLLA, MO 654010000573-364-5202

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$42.1M

+8.1% from 2018

Total participants

115

+4.5% from 2018

Average account balance

$404,641

+10.2% from 2018

Annual return

20.43%

+6.78 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.12M

Not enough data

1 years with asset history on file

Average account balance

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

$433K

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.

125

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.

90.4%

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$820

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 3 by compensation

Provider	Service type	Compensation
BANKERS TRUST COMPANY1 year Filed as: TI-TRUST, INC. Service code 21 NORTH 23RD STREET · QUINCY, IL 62305	Bank Trustee	$50,809
BKD, LLP1 year Service code 50 · EIN 44-0160260 910 E. ST. LOUIS STREET, SUITE 200 · SPRINGFIELD, MO 65806	Direct Payment	$17,900
KPM CPAS, PC1 year Service code 10 · EIN 43-1109768 1445 E. REPUBLIC ROAD · SPRINGFIELD, MO 65804	Accounting	$13,520

Plan features & details

Pension benefit codes2F2H2J2O2P2Q2S2T3I

Plan features

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$95K

$1113 / participant

Contract admin$12K13.0%
Other / not subdivided$82K87.0%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

1 / 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: KPM CPAS PC
Auditor EIN: 431109768
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$404,641

$109,359+270.0%

$162,177+149.5%

$72,975+454.5%

Participation rate

87.1%

84.3%+2.8pp

87.6%-0.5pp

69.5%+17.6pp

Annual return

20.43%

25.46%-5.0pp

115.60%-95.2pp

81.01%-60.6pp

Employer contribution / active EE

$11,765

$3,907+201.1%

$5,613+109.6%

$2,440+382.1%

Participant deferral / active EE

$1,345

$5,481-75.5%

$7,297-81.6%

$3,608-62.7%

Admin fee / account holder

$909

$7,972-88.6%

$10,843-91.6%

$5,124-82.3%

Provider

Service type

Compensation

BANKERS TRUST COMPANY1 year

Filed as: TI-TRUST, INC.

Service code 21

NORTH 23RD STREET · QUINCY, IL 62305

Bank Trustee

$50,809

BKD, LLP1 year

Service code 50 · EIN 44-0160260

910 E. ST. LOUIS STREET, SUITE 200 · SPRINGFIELD, MO 65806

Direct Payment

$17,900

KPM CPAS, PC1 year

Service code 10 · EIN 43-1109768

1445 E. REPUBLIC ROAD · SPRINGFIELD, MO 65804

Accounting

$13,520

PHELPS COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHELPS COUNTY BANK 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