Retirement plan

FIRST NATIONAL BANK & TRUST COMPANY 401(K) & PROFIT SHARING PLAN

Name: FIRST NATIONAL BANK & TRUST COMPANY OF BOTTINEAU - FIRST NATIONAL BANK & TRUST COMPANY 401(K) & PROFIT SHARING PLAN (2017) Form 5500
Creator: FIRST NATIONAL BANK & TRUST COMPANY OF BOTTINEAU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST NATIONAL BANK & TRUST COMPANY 401(K) & PROFIT SHARING PLAN, FIRST NATIONAL BANK & TRUST COMPANY OF BOTTINEAU

FIRST NATIONAL BANK & TRUST COMPANY OF BOTTINEAUEIN 45-0111127Plan #001PY 2017

P.O. BOX 297 - BOTTINEAU, ND 583180297701-228-2236firstbottineau.comLinkedIn11-50 employeesbanking

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$5.6M

+24.2% from 2016

Total participants

0.0% from 2016

Average account balance

$224,235

+4.3% from 2016

Annual return

13.16%

+8.82 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.48M

Not enough data

1 years with asset history on file

Average account balance

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

$385K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$338K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5990

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

See the 10-year trajectory. $4.99 for your first month.

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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 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$224,235

$100,041+124.1%

$149,718+49.8%

$70,131+219.7%

Participation rate

100.0%

83.6%+16.4pp

87.1%+12.9pp

69.5%+30.5pp

Annual return

13.16%

27.43%-14.3pp

1501.63%-1488.5pp

73.14%-60.0pp

Employer contribution / active EE

$18,051

$3,662+393.0%

$5,445+231.5%

$2,342+670.6%

Participant deferral / active EE

$1,889

$4,983-62.1%

$6,569-71.2%

$3,332-43.3%

Admin fee / account holder

$8,286-100.0%

$11,283-100.0%

$4,645-100.0%

FIRST NATIONAL BANK & TRUST COMPANY 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FIRST NATIONAL BANK & TRUST COMPANY 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion