Retirement plan

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: COMMUNITY BANCSHARES, INC. - COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2018) Form 5500
Creator: COMMUNITY BANCSHARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, COMMUNITY BANCSHARES, INC.

COMMUNITY BANCSHARES, INC.EIN 43-1218711Plan #003PY 2018

P.O. BOX 400, 100 SOUTH WOOD STREET - NEOSHO, MO 648500400417-451-1040LinkedIn1-10 employeesbanking

Prospect flagsHigh feesLow participant contribution

Top hat statement on fileNQDC

Filed April 30, 1999

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$22.8M

-9.2% from 2017

Total participants

195

-13.7% from 2017

Average account balance

$116,908

+5.2% from 2017

Annual return

-3.48%

-15.67 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.01M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

192

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$774K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+25.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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 5 by compensation

Provider	Service type	Compensation
PRAIRIE CAPITAL ADVISORS4+ years Service code 34 · EIN 36-4072641 1 TOWER LN STE 3010 · OAKBROOK TERRACE, IL 601814638	Direct payment from the plan; Valuati...	$26,829
ARGENT TRUST COMPANY3 years Service code 18 · EIN 58-1428634 1100 ABERNATHY ROAD · ATLANTA, GA 30328	Direct payment from the plan; Custodi...	$25,340
BLUE CHIP RETIREMENT PLANS, INC.3 years Filed as: BLUE RIDGE ESOP ASSOCIATES Service code 13 · EIN 13-4238973 154 HANSEN RD, SUITE 102 · CHARLOTTESVILLE, VA 22911	Contract Administrator	$21,621
BKD, LLP1 year Filed as: BKD CPAS & ADVISORS Service code 10 190 EAST CAPITOL STREET · JACKSON, MS 39201	Accounting	$13,000
KRIEG DEVAULT LLP4+ years Filed as: KRIEG DEVAULT, LLP Service code 29 ONE INDIANA SQUARE, SUITE 2800 · INDIANA, IN 462042079	Legal	$2,072

Plan features & details

Pension benefit codes2E2F2H2J2P2Q3H3I

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).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
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 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.)

Expense breakdown

Schedule H Part II

Admin total

$100K

$869 / participant

Contract admin$52K52.0%
Other / not subdivided$48K48.0%

% of EOY assets

0.438%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,908

$79,523+47.0%

$140,019-16.5%

$56,287+107.7%

Participation rate

100.0%

85.7%+14.3pp

87.5%+12.5pp

69.9%+30.1pp

Annual return

-3.48%

2.39%-5.9pp

651.15%-654.6pp

-9.96%+6.5pp

Employer contribution / active EE

$4,258

$3,350+27.1%

$5,605-24.0%

$2,111+101.7%

Participant deferral / active EE

$1,377

$5,129-73.1%

$6,927-80.1%

$3,350-58.9%

Admin fee / account holder

$512

$614-16.6%

$10,705-95.2%

$521-1.6%

Provider

Service type

Compensation

PRAIRIE CAPITAL ADVISORS4+ years

Service code 34 · EIN 36-4072641

1 TOWER LN STE 3010 · OAKBROOK TERRACE, IL 601814638

Direct payment from the plan; Valuati...

$26,829

ARGENT TRUST COMPANY3 years

Service code 18 · EIN 58-1428634

1100 ABERNATHY ROAD · ATLANTA, GA 30328

Direct payment from the plan; Custodi...

$25,340

BLUE CHIP RETIREMENT PLANS, INC.3 years

Filed as: BLUE RIDGE ESOP ASSOCIATES

Service code 13 · EIN 13-4238973

154 HANSEN RD, SUITE 102 · CHARLOTTESVILLE, VA 22911

Contract Administrator

$21,621

BKD, LLP1 year

Filed as: BKD CPAS & ADVISORS

Service code 10

190 EAST CAPITOL STREET · JACKSON, MS 39201

Accounting

$13,000

KRIEG DEVAULT LLP4+ years

Filed as: KRIEG DEVAULT, LLP

Service code 29

ONE INDIANA SQUARE, SUITE 2800 · INDIANA, IN 462042079

Legal

$2,072

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

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