Retirement plan

FIRST FEDERAL F.S.B. 401(K) SAVINGS PLAN

Name: FIRST FEDERAL BANK, F.S.B. - FIRST FEDERAL F.S.B. 401(K) SAVINGS PLAN (2016) Form 5500
Creator: FIRST FEDERAL BANK, F.S.B.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST FEDERAL F.S.B. 401(K) SAVINGS PLAN, FIRST FEDERAL BANK, F.S.B.

FIRST FEDERAL BANK, F.S.B.EIN 44-0246815Plan #002PY 2016

6900 N. EXECUTIVE DRIVE - KANSAS CITY, MO 641202160816-241-7800

Other plans on this EIN

1 filing

#001Retirement-$32.2M assets

Prospect flagsLow employer contribution

Top hat statement on fileNQDC

Filed August 1, 2017 (most recent of 2 filings on file)

Plan administrator

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6900 EXECUTIVE DRIVE

KANSAS CITY State: MO Zip Code: 64120

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Plans declared (1)

FIRST FEDERAL BANK OF KANSAS CITY NONQUALIFIED DEFERRED COMPENSATION PLAN27 emp

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Total assets (EOY)

$6.7M

No prior year

Total participants

241

No prior year

Average account balance

$34,513

No prior year

Annual return

11.61%

No prior year

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

$10.03M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

225

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$823K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
COMMERCE BANK1+ years Filed as: COMMERCE TRUST COMPANY Service code 27 · EIN 48-0962626	Advisory (Plan)	$17,425
MAYER HOFFMAN MCCANN P.C.1+ years Filed as: MAYER HOFFMAN MCCANN P.C Service code 10 · EIN 43-1947695	Accounting	$11,284
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$2,704

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$31K

$165 / participant

Investment mgmt$29K91.4%
Contract admin$3K8.6%

% of EOY assets

0.472%

all-in expense ratio

Categories reported

2 / 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: MAYER HOFFMANN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,513

$74,089-53.4%

$133,975-74.2%

$55,167-37.4%

Participation rate

74.7%

84.3%-9.5pp

87.1%-12.3pp

69.0%+5.7pp

Annual return

11.61%

12.11%-0.5pp

29.29%-17.7pp

169.23%-157.6pp

Employer contribution / active EE

$3,064-100.0%

$5,211-100.0%

$1,963-100.0%

Participant deferral / active EE

$3,316

$4,678-29.1%

$6,282-47.2%

$3,054+8.6%

Admin fee / account holder

$163

$458-64.5%

$9,324-98.3%

$504-67.7%

Provider

Service type

Compensation

COMMERCE BANK1+ years

Filed as: COMMERCE TRUST COMPANY

Service code 27 · EIN 48-0962626

Advisory (Plan)

$17,425

MAYER HOFFMAN MCCANN P.C.1+ years

Filed as: MAYER HOFFMAN MCCANN P.C

Service code 10 · EIN 43-1947695

Accounting

$11,284

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$2,704

FIRST FEDERAL F.S.B. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST FEDERAL F.S.B. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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