Retirement plan

HEBRON SAVINGS BANK 401(K) PROFIT SHARING PLAN

Name: HEBRON SAVINGS BANK - HEBRON SAVINGS BANK 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HEBRON SAVINGS BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEBRON SAVINGS BANK 401(K) PROFIT SHARING PLAN, HEBRON SAVINGS BANK

HEBRON SAVINGS BANKEIN 52-0348540Plan #001PY 2020

P. O. BOX 59 - HEBRON, MD 21830410-749-1185hebronsavingsbank.comLinkedIn51-200 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.9M

+26.0% from 2019

Total participants

144

+8.3% from 2019

Average account balance

$87,135

+20.0% from 2019

Annual return

21.50%

+2.03 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

$10.60M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

121

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$827K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221

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

1 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
NATIONWIDE6+ years Service code 15 · EIN 31-4156830	Recordkeeping	$45,046

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: TGM GROUP LLC
Auditor EIN: 264777527
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,135

$136,307-36.1%

$177,848-51.0%

$73,497+18.6%

Participation rate

84.0%

86.1%-2.1pp

87.7%-3.7pp

70.7%+13.4pp

Annual return

21.50%

18.68%+2.8pp

48.33%-26.8pp

28.51%-7.0pp

Employer contribution / active EE

$2,124

$3,712-42.8%

$5,919-64.1%

$2,270-6.5%

Participant deferral / active EE

$3,297

$5,829-43.4%

$7,714-57.3%

$3,740-11.8%

Admin fee / account holder

$596-100.0%

$12,431-100.0%

$513-100.0%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$45,046

HEBRON SAVINGS BANK 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HEBRON SAVINGS BANK 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion