Retirement plan

EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS

Name: AMERICAN BANK OF BAXTER SPRINGS - EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS (2019) Form 5500
Creator: AMERICAN BANK OF BAXTER SPRINGS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS, AMERICAN BANK OF BAXTER SPRINGS

AMERICAN BANK OF BAXTER SPRINGSEIN 48-0119910Plan #001PY 2019

1201 MILITARY AVE - BAXTER SPRINGS, KS 667132739620-856-2301

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$354K

+327.6% from 2018

Total participants

+21.4% from 2018

Average account balance

$13,627

+311.2% from 2018

Annual return

176.94%

+176.94 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

72.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$150K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3227

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 codes2F2G2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$74 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.586%

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

$13,627

$109,359-87.5%

$162,177-91.6%

$72,975-81.3%

Participation rate

71.4%

84.3%-12.8pp

87.6%-16.1pp

69.5%+1.9pp

Annual return

176.94%

25.46%+151.5pp

115.60%+61.3pp

81.01%+95.9pp

Employer contribution / active EE

$1,438

$3,907-63.2%

$5,613-74.4%

$2,440-41.1%

Participant deferral / active EE

$3,093

$5,481-43.6%

$7,297-57.6%

$3,608-14.3%

Admin fee / account holder

$80

$7,972-99.0%

$10,843-99.3%

$5,124-98.4%

EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF AMERICAN BANK OF BAXTER SPRINGS

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