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 (2018) 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 2018

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$34M

+0.6% from 2017

Total participants

553

+3.9% from 2017

Average account balance

$66,374

-8.6% from 2017

Annual return

0.01%

-20.95 pp from 2017

Benchmarks

See 1,457 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,457 peers

Snapshot2018

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

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

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 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

$22K

$46 / participant

Contract admin$11K47.6%
Other / not subdivided$12K52.4%

% of EOY assets

0.066%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,374

$80,005-17.0%

$140,019-52.6%

$55,725+19.1%

Participation rate

91.5%

87.0%+4.5pp

87.5%+4.0pp

70.9%+20.7pp

Annual return

0.01%

0.46%-0.4pp

651.15%-651.1pp

244.93%-244.9pp

Employer contribution / active EE

$1,719

$3,403-49.5%

$5,605-69.3%

$2,078-17.3%

Participant deferral / active EE

$2,811

$5,264-46.6%

$6,927-59.4%

$3,356-16.2%

Admin fee / account holder

$44

$116-62.1%

$10,705-99.6%

$115-61.9%

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