Retirement plan

BANNER COUNTY BAN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Name: BANNER COUNTY BAN CORPORATION - BANNER COUNTY BAN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN & TRUST (2021) Form 5500
Creator: BANNER COUNTY BAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANNER COUNTY BAN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN & TRUST, BANNER COUNTY BAN CORPORATION

BANNER COUNTY BAN CORPORATIONEIN 47-0678924Plan #002PY 2021

205 STATE STREET, PO BOX 87 - HARRISBURG, NE 69345308-436-5024LinkedIn11-50 employeesbanking

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.6M

+10.1% from 2020

Total participants

0.0% from 2020

Average account balance

$157,911

+10.1% from 2020

Annual return

18.92%

+9.82 pp from 2020

Benchmarks

See 519 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort519 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.10M

Not enough data

1 years with asset history on file

Average account balance

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

$282K

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.

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

$520K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+25.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16176

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

0 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 codes2E2H2J2O3D

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$25888 / participant

Other / not subdivided$1M100.0%

% of EOY assets

11.989%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,911

$102,065+54.7%

$453,569-65.2%

$85,847+83.9%

Participation rate

100.0%

72.4%+27.6pp

78.0%+22.0pp

69.3%+30.7pp

Annual return

18.92%

25.44%-6.5pp

64.43%-45.5pp

318.61%-299.7pp

Employer contribution / active EE

$3,887

$2,852+36.3%

$4,072-4.5%

$2,565+51.5%

Participant deferral / active EE

$4,745

$4,789-0.9%

$6,211-23.6%

$3,952+20.1%

Admin fee / account holder

$18,933

$5,717+231.2%

$11,214+68.8%

$6,261+202.4%

BANNER COUNTY BAN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANNER COUNTY BAN CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

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