Retirement plan

LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN

Name: LINCOLN COUNTY BANCORP, INC. - LINCOLN COUNTY BANCORP, INC. PROFIT SHARING PLAN (2016) 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 2016

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

Other plans on this EIN

1 filing

#002Retirement-$6.3M assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$17M

+10.4% from 2015

Total participants

215

-8.5% from 2015

Average account balance

$79,048

+20.6% from 2015

Annual return

6.92%

+7.29 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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 3 by compensation

Provider	Service type	Compensation
FINDLEY1 year Filed as: FINDLEY DAVIES Service code 11 · EIN 34-1213174	Actuarial	$22,209
ANDERS MINKLER HUBER & HELM LLP2+ years Filed as: ANDERS MINKLER HUBER & HELM, LLP Service code 10 · EIN 43-0831507	Accounting	$8,000
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 42-1558009	Bank Trustee	$4,474

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$38K

$220 / participant

Contract admin$750.2%
Other / not subdivided$38K99.8%

% of EOY assets

0.222%

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: ANDERS MINKLER HUBER & HELM, LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,048

$74,089+6.7%

$133,975-41.0%

$55,167+43.3%

Participation rate

100.0%

84.3%+15.7pp

87.1%+12.9pp

69.0%+31.0pp

Annual return

6.92%

12.11%-5.2pp

29.29%-22.4pp

169.23%-162.3pp

Employer contribution / active EE

$2,993

$3,064-2.3%

$5,211-42.6%

$1,963+52.5%

Participant deferral / active EE

$2,375

$4,678-49.2%

$6,282-62.2%

$3,054-22.3%

Admin fee / account holder

$176

$458-61.6%

$9,324-98.1%

$504-65.1%

Provider

Service type

Compensation

FINDLEY1 year

Filed as: FINDLEY DAVIES

Service code 11 · EIN 34-1213174

Actuarial

$22,209

ANDERS MINKLER HUBER & HELM LLP2+ years

Filed as: ANDERS MINKLER HUBER & HELM, LLP

Service code 10 · EIN 43-0831507

Accounting

$8,000

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 42-1558009

Bank Trustee

$4,474

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