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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$14.8M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$9.5M

+5.7% from 2019

Total participants

116

-10.8% from 2019

Average account balance

$97,513

+9.0% from 2019

Annual return

21.13%

-26.63 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Top 1 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC. Service code 15 · EIN 13-3745616 701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604	Recordkeeping	$9,277

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$10K

$102 / participant

Contract admin$10K100.0%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KRUGGEL LAWTON & COMPANY CPA
Auditor EIN: 351307701
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,513

$136,307-28.5%

$177,848-45.2%

$73,497+32.7%

Participation rate

81.0%

86.1%-5.1pp

87.7%-6.7pp

70.7%+10.3pp

Annual return

21.13%

18.68%+2.5pp

48.33%-27.2pp

28.51%-7.4pp

Employer contribution / active EE

$3,712-100.0%

$5,919-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,047

$5,829-82.0%

$7,714-86.4%

$3,740-72.0%

Admin fee / account holder

$105

$596-82.3%

$12,431-99.2%

$513-79.5%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC.

Service code 15 · EIN 13-3745616

701 WESTCHESTER AVENUE · WHITE PLAINS, NY 10604

Recordkeeping

$9,277

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