Retirement plan

FIRST YORK BAN CORP AND SUBSIDIARIES PROFIT SHARING PLAN

Name: FIRST YORK BAN CORP - FIRST YORK BAN CORP AND SUBSIDIARIES PROFIT SHARING PLAN (2016) Form 5500
Creator: FIRST YORK BAN CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST YORK BAN CORP AND SUBSIDIARIES PROFIT SHARING PLAN, FIRST YORK BAN CORP

FIRST YORK BAN CORPEIN 47-0549990Plan #001PY 2016

P.O. BOX 69 - YORK, NE 68467402-363-7411

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$27.4M

No prior year

Total participants

519

No prior year

Average account balance

$61,091

No prior year

Annual return

9.67%

No prior year

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$54.66M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

551

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a 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 codes2E2J2H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$14K

$33 / participant

Contract admin$10K67.2%
Other / not subdivided$5K32.8%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HOCKING & SCHULENBERG, LLC
Auditor EIN: 470806082
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,091

$71,802-14.9%

$133,980-54.4%

$57,658+6.0%

Participation rate

84.1%

85.5%-1.4pp

87.1%-3.0pp

70.2%+13.9pp

Annual return

9.67%

13.51%-3.8pp

29.30%-19.6pp

5.13%+4.5pp

Employer contribution / active EE

$1,512

$3,161-52.2%

$5,211-71.0%

$1,974-23.4%

Participant deferral / active EE

$2,156

$4,606-53.2%

$6,282-65.7%

$3,061-29.6%

Admin fee / account holder

$32

$88-63.4%

$9,324-99.7%

$95-66.1%

FIRST YORK BAN CORP AND SUBSIDIARIES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST YORK BAN CORP AND SUBSIDIARIES 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