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 (2020) 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 2020

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$44M

+9.7% from 2019

Total participants

557

-1.1% from 2019

Average account balance

$82,916

+10.1% from 2019

Annual return

12.97%

-7.37 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

$32K

$69 / participant

Contract admin$12K38.3%
Other / not subdivided$19K61.7%

% of EOY assets

0.072%

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

$82,916

$111,608-25.7%

$177,827-53.4%

$73,412+12.9%

Participation rate

94.3%

87.9%+6.5pp

87.7%+6.6pp

72.2%+22.2pp

Annual return

12.97%

18.23%-5.3pp

48.32%-35.4pp

59.30%-46.3pp

Employer contribution / active EE

$1,989

$3,796-47.6%

$5,918-66.4%

$2,234-11.0%

Participant deferral / active EE

$3,155

$6,199-49.1%

$7,713-59.1%

$3,806-17.1%

Admin fee / account holder

$59

$166-64.1%

$12,429-99.5%

$158-62.3%

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