Retirement plan

LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN

Name: LINCOLN COUNTY BANCORP, INC. - LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: LINCOLN COUNTY BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN, LINCOLN COUNTY BANCORP, INC.

LINCOLN COUNTY BANCORP, INC.EIN 43-1250707Plan #001PY 2024

430 EAST WOOD ST. - TROY, MO 63379636-528-7001LinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$14.4M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$27M

+6.9% from 2023

Total participants

315

+11.7% from 2023

Average account balance

$87,512

-4.2% from 2023

Annual return

16.79%

+0.22 pp from 2023

Benchmarks

See 2,174 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,174 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.95M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

308

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP4 years Service code 64 · EIN 06-1053228	Recordkeeping Fees	$15,008
ANDERS MINKLER HUBER & HELM LLP10+ years Filed as: ANDERS MINKLER HUBER & HELM, LLP Service code 10 · EIN 43-0831507	Accounting	$14,500
FIDUCIARY INVESTMENT ADVISORS8 years Filed as: FIDUCIARY ADVISORS Service code 26 · EIN 43-1891647	Advisory (Participants)	$12,500
CHARLES SCHWAB & CO., INC.9 years Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 82-3967259	Bank Trustee	$5,301

Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$233 / participant

Recordkeeping$15K31.7%
Trustee / custodial$5K11.2%
Investment mgmt$13K26.4%
Other / not subdivided$15K30.6%

% of EOY assets

0.176%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERS MINKLER HUBER & HELM, LLP
Auditor EIN: 430831507
Audit fees: $14,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,512

$122,042-28.3%

$184,260-52.5%

$74,459+17.5%

Participation rate

96.6%

85.5%+11.1pp

86.8%+9.7pp

67.2%+29.3pp

Annual return

16.79%

19.91%-3.1pp

28.84%-12.0pp

1369.70%-1352.9pp

Employer contribution / active EE

$2,714

$4,537-40.2%

$6,427-57.8%

$2,626+3.4%

Participant deferral / active EE

$4,566

$7,143-36.1%

$9,133-50.0%

$4,350+5.0%

Admin fee / account holder

$154

$1,252-87.7%

$13,898-98.9%

$1,945-92.1%

Provider

Service type

Compensation

USI CONSULTING GROUP4 years

Service code 64 · EIN 06-1053228

Recordkeeping Fees

$15,008

ANDERS MINKLER HUBER & HELM LLP10+ years

Filed as: ANDERS MINKLER HUBER & HELM, LLP

Service code 10 · EIN 43-0831507

Accounting

$14,500

FIDUCIARY INVESTMENT ADVISORS8 years

Filed as: FIDUCIARY ADVISORS

Service code 26 · EIN 43-1891647

Advisory (Participants)

$12,500

CHARLES SCHWAB & CO., INC.9 years

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 82-3967259

Bank Trustee

$5,301

LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINCOLN COUNTY BANCORP, INC. PROFIT SHARING 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