Retirement plan

FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

Name: FINANCIAL BUSINESS SYSTEMS, INC. - FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN (2021) Form 5500
Creator: FINANCIAL BUSINESS SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN, FINANCIAL BUSINESS SYSTEMS, INC.

FINANCIAL BUSINESS SYSTEMS, INC.EIN 45-0346952Plan #002PY 2021

3415 39TH STREET SOUTH - FARGO, ND 581047534701-235-7300fbsdata.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$16.4M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$38.6M

+16.9% from 2020

Total participants

116

-3.3% from 2020

Average account balance

$332,974

+20.9% from 2020

Annual return

16.91%

+14.42 pp from 2020

Benchmarks

See 1,812 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Cohort1,812 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.48M

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

132

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

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2I2O2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$50

$1 / participant

Other / not subdivided$50100.0%

% of EOY assets

0.000%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$332,974

$229,360+45.2%

$108,405+207.2%

Participation rate

100.0%

68.8%+31.2pp

80.1%+19.9pp

Annual return

16.91%

12.30%+4.6pp

905.55%-888.6pp

Employer contribution / active EE

$24,269

$2,220+993.0%

$3,559+581.9%

Participant deferral / active EE

$3,745-100.0%

$6,563-100.0%

Admin fee / account holder

$25,444-100.0%

$7,297-100.0%

FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FINANCIAL BUSINESS SYSTEMS, INC. 2013 AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP 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