Retirement plan

CONTINENTAL BANCORPORATION PROFIT SHARING PLAN

Name: CONTINENTAL BANCORPORATION - CONTINENTAL BANCORPORATION PROFIT SHARING PLAN (2017) Form 5500
Creator: CONTINENTAL BANCORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTINENTAL BANCORPORATION PROFIT SHARING PLAN, CONTINENTAL BANCORPORATION

CONTINENTAL BANCORPORATIONEIN 47-0920822Plan #001PY 2017

15 WEST SOUTH TEMPLE, SUITE 300 - SALT LAKE CITY, UT 84101801-595-7000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+11.8% from 2016

Total participants

+30.6% from 2016

Average account balance

$80,031

-6.8% from 2016

Annual return

16.74%

+5.28 pp from 2016

Benchmarks

See 7,574 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,574 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.10M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$428K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8772

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$458K

$12719 / participant

Other / not subdivided$458K100.0%

% of EOY assets

13.623%

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

$80,031

$100,060-20.0%

$149,721-46.5%

$70,126+14.1%

Participation rate

86.1%

83.6%+2.5pp

87.1%-1.0pp

69.5%+16.6pp

Annual return

16.74%

27.46%-10.7pp

1501.67%-1484.9pp

73.15%-56.4pp

Employer contribution / active EE

$4,304

$3,661+17.6%

$5,444-20.9%

$2,343+83.7%

Participant deferral / active EE

$4,261

$4,982-14.5%

$6,568-35.1%

$3,332+27.9%

Admin fee / account holder

$10,902

$8,285+31.6%

$11,282-3.4%

$4,645+134.7%

CONTINENTAL BANCORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTINENTAL BANCORPORATION 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