Retirement plan

THE HAMILTON BANK 401(K) PLAN AND TRUST

Name: THE HAMILTON BANK - THE HAMILTON BANK 401(K) PLAN AND TRUST (2023) Form 5500
Creator: THE HAMILTON BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HAMILTON BANK 401(K) PLAN AND TRUST, THE HAMILTON BANK

THE HAMILTON BANKEIN 44-0161944Plan #002PY 2023

111 NORTH DAVIS, P.O. BOX 127 - HAMILTON, MO 646440127816-583-2143hamiltonbank.netLinkedIn11-50 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$83K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$605K

-53.8% from 2022

Total participants

-15.0% from 2022

Average account balance

$37,782

-42.3% from 2022

Annual return

11.97%

+32.78 pp from 2022

Benchmarks

See 36,154 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,154 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$929K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+27.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

1 tripped

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

$935K

$66751 / participant

Other / not subdivided$935K100.0%

% of EOY assets

154.592%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,782

$185,905-79.7%

$170,057-77.8%

$139,487-72.9%

Participation rate

92.9%

87.8%+5.1pp

87.0%+5.9pp

80.3%+12.5pp

Annual return

11.97%

60.56%-48.6pp

53.42%-41.4pp

373.84%-361.9pp

Employer contribution / active EE

$1,767

$7,597-76.7%

$6,790-74.0%

$4,755-62.8%

Participant deferral / active EE

$3,378

$11,627-71.0%

$10,411-67.6%

$6,713-49.7%

Admin fee / account holder

$58,407

$15,397+279.4%

$12,826+355.4%

$11,407+412.0%

THE HAMILTON BANK 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HAMILTON BANK 401(K) PLAN AND TRUST

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