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 (2020) 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 2020

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

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$506K

+42.9% from 2019

Total participants

-20.6% from 2019

Average account balance

$20,251

+48.6% from 2019

Annual return

20.88%

-156.06 pp from 2019

Benchmarks

See 32,163 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,163 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+29.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3014

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

See the 8-year trajectory. $4.99 for your first month.

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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

2 tripped

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

$42K

$1734 / participant

Other / not subdivided$42K100.0%

% of EOY assets

8.220%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,251

$197,591-89.8%

$177,821-88.6%

$158,922-87.3%

Participation rate

91.7%

88.5%+3.1pp

87.7%+3.9pp

82.0%+9.7pp

Annual return

20.88%

58.76%-37.9pp

48.32%-27.4pp

302.83%-281.9pp

Employer contribution / active EE

$1,594

$6,697-76.2%

$5,918-73.1%

$4,761-66.5%

Participant deferral / active EE

$3,387

$8,405-59.7%

$7,714-56.1%

$5,982-43.4%

Admin fee / account holder

$1,665

$15,399-89.2%

$12,427-86.6%

$11,246-85.2%

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