Retirement plan

UNION BANK & TRUST COMPANY PROFIT SHARING PLAN

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

UNION BANK & TRUST COMPANYEIN 47-0321480Plan #001PY 2017

6811 SOUTH 27TH STREET - LINCOLN, NE 68512402-323-1828ubt.comLinkedIn501-1000 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$140.2M

-9.3% from 2016

Total participants

1,166

+3.4% from 2016

Average account balance

$120,208

-9.8% from 2016

Annual return

17.90%

-9.38 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$268.50M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

1,602

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

$14.36M

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

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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

Top 5 by compensation

Provider	Service type	Compensation
LUTZ & COMPANY, PC1 year Service code 10 13616 CALIFORNIA STREET, SUITE 300 · OMAHA, NE 681545336	Accounting	$15,500
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: BRIDGES INVESTMENT COUNSEL, INC Service code 28 8401 W DODGE RD #256 · OMAHA, NE 68114	Investment Management	$6,071
KPMG LLP3+ years Filed as: KPMG, LLP Service code 10 TWO CENTRAL PARK PLAZA, STE. 1501 · OMAHA, NE 681021626	Accounting	$2,100
UNION BANK & TRUST COMPANY3+ years Service code 12 P.O. BOX 82535 · LINCOLN, NE 685012535	Recordkeeping and information managem...	$500
MATRIX CLEARANCE AND SETTLEMENT3+ years Filed as: MATRIX CLEARENCE AND SETTLEMENT Service code 33 100 17TH STREET, STE. 300 · DENVER, CO 80202	Securities brokerage; Sub-transfer ag...	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T2S3H3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$25K

$28 / participant

Investment mgmt$6K23.6%
Other / not subdivided$19K76.4%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

1 / 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: LUTZ & COMPANY
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,208

$81,537+47.4%

$149,721-19.7%

$69,634+72.6%

Participation rate

100.0%

86.1%+13.9pp

87.1%+12.9pp

70.7%+29.3pp

Annual return

17.90%

22.79%-4.9pp

1501.67%-1483.8pp

27572.26%-27554.4pp

Employer contribution / active EE

$4,032

$3,239+24.5%

$5,444-25.9%

$2,032+98.4%

Participant deferral / active EE

$4,475

$4,994-10.4%

$6,568-31.9%

$3,224+38.8%

Admin fee / account holder

$21

$107-80.3%

$11,282-99.8%

$110-80.9%

Provider

Service type

Compensation

LUTZ & COMPANY, PC1 year

Service code 10

13616 CALIFORNIA STREET, SUITE 300 · OMAHA, NE 681545336

Accounting

$15,500

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: BRIDGES INVESTMENT COUNSEL, INC

Service code 28

8401 W DODGE RD #256 · OMAHA, NE 68114

Investment Management

$6,071

KPMG LLP3+ years

Filed as: KPMG, LLP

Service code 10

TWO CENTRAL PARK PLAZA, STE. 1501 · OMAHA, NE 681021626

Accounting

$2,100

UNION BANK & TRUST COMPANY3+ years

Service code 12

P.O. BOX 82535 · LINCOLN, NE 685012535

Recordkeeping and information managem...

$500

MATRIX CLEARANCE AND SETTLEMENT3+ years

Filed as: MATRIX CLEARENCE AND SETTLEMENT

Service code 33

100 17TH STREET, STE. 300 · DENVER, CO 80202

Securities brokerage; Sub-transfer ag...

UNION BANK & TRUST COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION BANK & TRUST COMPANY 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