Retirement plan

THE BENNINGTON STATE BANK EMPLOYEE PROFIT SHARING PLAN AND TRUST

Name: THE BENNINGTON STATE BANK - THE BENNINGTON STATE BANK EMPLOYEE PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: THE BENNINGTON STATE BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BENNINGTON STATE BANK EMPLOYEE PROFIT SHARING PLAN AND TRUST, THE BENNINGTON STATE BANK

THE BENNINGTON STATE BANKEIN 48-0137740Plan #001PY 2015

2130 S OHIO - SALINA, KS 67401785-827-5522

Other plans on this EIN

1 filing

#002Retirement-$12.0M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5.6M

No prior year

Total participants

105

No prior year

Average account balance

$62,591

No prior year

Annual return

18.88%

No prior year

Benchmarks

See 167 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Cohort167 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.81M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

142

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$469K

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

+32.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9220

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 codes2E2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$76K

$772 / participant

Other / not subdivided$76K100.0%

% of EOY assets

1.357%

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

$62,591

$629,339-90.1%

$123,105-49.2%

Participation rate

84.8%

82.7%+2.1pp

86.8%-1.9pp

Annual return

18.88%

-0.80%+19.7pp

13.22%+5.7pp

Employer contribution / active EE

$3,722-100.0%

$5,151-100.0%

Participant deferral / active EE

$404

$3,761-89.3%

$6,229-93.5%

Admin fee / account holder

$850

$44,008-98.1%

$9,014-90.6%

THE BENNINGTON STATE BANK EMPLOYEE PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BENNINGTON STATE BANK EMPLOYEE PROFIT SHARING PLAN AND 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