Retirement plan

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

Name: LANDMARK BANCORP, INC. - LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN (2024) 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 2024

701 POYNTZ AVENUE - MANHATTAN, KS 66502620-768-2349landmarkbancorpinc.comLinkedIn51-200 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$22.7M

+13.9% from 2023

Total participants

291

-6.4% from 2023

Average account balance

$80,331

+1.8% from 2023

Annual return

12.74%

-4.34 pp from 2023

Benchmarks

See 1,551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,551 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,337
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Service code 27 PO BOX 735399 · DALLAS, TX 753735399	Advisory (Plan)	$25,000
RESOURCES INVESTMENT ADVISORS LLC5 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 28 4860 COLLEGE BLVD, SUITE 100 · OVERLAND PARK, KS 66211	Investment Management	$5,397

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$63K

$243 / participant

Recordkeeping$32K51.5%
Investment mgmt$30K48.5%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PICKETT, CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,331

$129,021-37.7%

$184,203-56.4%

$77,643+3.5%

Participation rate

96.9%

87.3%+9.6pp

86.8%+10.1pp

70.6%+26.3pp

Annual return

12.74%

33.27%-20.5pp

28.81%-16.1pp

31.24%-18.5pp

Employer contribution / active EE

$3,215

$4,413-27.2%

$6,427-50.0%

$2,726+17.9%

Participant deferral / active EE

$4,561

$7,297-37.5%

$9,131-50.0%

$4,647-1.9%

Admin fee / account holder

$222

$254-12.7%

$13,901-98.4%

$430-48.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,337

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Service code 27

PO BOX 735399 · DALLAS, TX 753735399

Advisory (Plan)

$25,000

RESOURCES INVESTMENT ADVISORS LLC5 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 28

4860 COLLEGE BLVD, SUITE 100 · OVERLAND PARK, KS 66211

Investment Management

$5,397

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