Retirement plan

FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Name: THE FIRST BANK & TRUST COMPANY - FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN (2016) Form 5500
Creator: THE FIRST BANK & TRUST COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN, THE FIRST BANK & TRUST COMPANY

THE FIRST BANK & TRUST COMPANYEIN 54-1116387Plan #001PY 2016

PO BOX 1000 - ABINGDON, VA 242121000276-623-2323firstbank.comLinkedIn201-500 employeesbanking

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 23, 2021 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

667 WEST MAIN STREET

ABINGDON, VA 24212

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Plans declared (1)

THE FIRST BANK AND TRUST COMPANY EXECUTIVE EQUITY APPRECIATION PLAN 20214 emp

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Total assets (EOY)

$28.7M

+21.9% from 2015

Total participants

418

-0.9% from 2015

Average account balance

$76,270

+6.6% from 2015

Annual return

21.51%

+15.64 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.07M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

488

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+20.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952	Recordkeeping	$637
MATRIX TRUST COMPANY2+ years Filed as: MATRIX STLMT & CLEARANCE SRVCS, LLC Service code 49 · EIN 20-1591048	Other Services	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2O

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$637

$2 / participant

Investment mgmt$637100.0%

% of EOY assets

0.002%

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: HESS, STEWART & CAMPBELL, PLLC
Auditor EIN: 550657218
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,270

$71,802+6.2%

$133,981-43.1%

$57,658+32.3%

Participation rate

88.1%

85.5%+2.7pp

87.1%+1.1pp

70.2%+17.9pp

Annual return

21.51%

13.51%+8.0pp

29.30%-7.8pp

5.13%+16.4pp

Employer contribution / active EE

$1,763

$3,161-44.2%

$5,211-66.2%

$1,974-10.7%

Participant deferral / active EE

$3,196

$4,606-30.6%

$6,282-49.1%

$3,061+4.4%

Admin fee / account holder

$88-98.1%

$9,324-100.0%

$95-98.2%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450952

Recordkeeping

$637

MATRIX TRUST COMPANY2+ years

Filed as: MATRIX STLMT & CLEARANCE SRVCS, LLC

Service code 49 · EIN 20-1591048

Other Services

FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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