Retirement plan

LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN

Name: LANDMARK BANCORP, INC. - LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: LANDMARK BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN, LANDMARK BANCORP, INC.

LANDMARK BANCORP, INC.EIN 43-1930755Plan #002PY 2016

6010 SW 6TH AVENUE - TOPEKA, KS 66603620-768-2349landmarkbancorpinc.comLinkedIn51-200 employees

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.7M

-0.8% from 2015

Total participants

257

-4.8% from 2015

Average account balance

$68,677

+3.0% from 2015

Annual return

5.95%

+5.04 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

$22.73M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

283

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 6 by compensation

Provider	Service type	Compensation
IPI WEALTH MANAGEMENT INC2+ years Filed as: IPI WEALTH MANAGEMENT INC. Service code 26 · EIN 37-1202099	Advisory (Participants)	$49,364
ALLIANCE BENEFIT GROUP2+ years Service code 59	Shareholder Servicing	$23,946
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS Service code 15 · EIN 37-0899315	Recordkeeping	$11,958
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 18 · EIN 42-1558009	Custodial (other than securities)	$6,433
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Shareholder servicing fees; Other ser...	$4,189
CHARLES SCHWAB & CO., INC.2+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$158 / participant

Investment mgmt$25K67.6%
Other / not subdivided$12K32.4%

% of EOY assets

0.291%

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: VARNEY & ASSOCIATES, CPAS, LLC
Auditor EIN: 300038643
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,677

$74,089-7.3%

$133,975-48.7%

$55,167+24.5%

Participation rate

69.2%

84.3%-15.1pp

87.1%-17.8pp

69.0%+0.2pp

Annual return

5.95%

12.11%-6.2pp

29.29%-23.3pp

169.23%-163.3pp

Employer contribution / active EE

$2,188

$3,064-28.6%

$5,211-58.0%

$1,963+11.5%

Participant deferral / active EE

$3,126

$4,678-33.2%

$6,282-50.2%

$3,054+2.3%

Admin fee / account holder

$200

$458-56.4%

$9,324-97.9%

$504-60.4%

Provider

Service type

Compensation

IPI WEALTH MANAGEMENT INC2+ years

Filed as: IPI WEALTH MANAGEMENT INC.

Service code 26 · EIN 37-1202099

Advisory (Participants)

$49,364

ALLIANCE BENEFIT GROUP2+ years

Service code 59

Shareholder Servicing

$23,946

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS

Service code 15 · EIN 37-0899315

Recordkeeping

$11,958

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 18 · EIN 42-1558009

Custodial (other than securities)

$6,433

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Other ser...

$4,189

CHARLES SCHWAB & CO., INC.2+ years

Service code 59

Shareholder Servicing

LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANDMARK BANCORP, INC. 401(K) 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